Govt. launches six Technology Innovation Platforms

Ministry of Heavy Industries and Public Enterprises has launched six Technology Innovation Platforms on July 2, 2021. These  platforms were launched by Union minister of Heavy Industries and Public Enterprises, Prakash Javadekar, in virtual mode. These technology platforms will focus on development of technologies for globally competitive manufacturing across India.

Who developed these platforms?

Platforms have been developed by IIT-Madras, International Centre for Automotive Technology (iCAT), Central Manufacturing Technology Institute (CMTI), BHEL, HMT and Automotive Research Association of India (ARAI) in association with IISc, Bangalore.

Why these platforms were launched?

• These platforms were developed and launched to facilitate industries like Tier-1 Tier-2 & Tier-3 companies, original equipment manufacturer & raw material manufacturers; start-ups; domain experts or professionals; R&D institutions etc to provide technology solutions, suggestions & expert opinions on manufacturing technologies.
• It will also facilitate exchange of knowledge on research & development and other technological aspects.
• About 39,000 students, institutes, experts, industries and labs have already registered on these platforms.

What are Tier 1 Companies?

Tier 1 companies are largest, wealthiest, and most experienced in industry. This tier is very exclusive. Tier one contracts are in hundreds of millions and even billions price range.

What are Tier 2 companies?

Tier 2 companies are also called as Mid-tier companies. They are the players in construction industry. They are in between tier 1 and 3. Tier 2 companies take projects on commercial basis rather than residential.

What are Tier 3 Companies?

Tier 3 companies take on projects around million-dollar range. They take projects like residential jobs including rebuilding & refurbishing; Small-scale commercial work like building or refurbishing petrol stations, supermarkets, offices etc.

Month: Current Affairs - July, 2021