Noida-based ERW steel pipes manufacturer, APL Apollo Tubes Limited (APL Apollo has signed a Memorandum of Understanding (MoU) with IIT Roorkee, to provide a platform for research and training facilities to both IIT Roorkee students and APL Apollo personnel, besides recruitment. The MoU also aims at providing sponsorships to IIT Roorkee for key projects and prominent research work.
The collaboration will also take into account fostering innovative designs as per the ever-changing requirements of the future, simultaneously training of APL Apollo employees by IIT Roorkee. PK Singh, Executive Director, APL Apollo said, “This MoU will benefit both the partners by providing one-of-a-kind opportunity to work together and leverage their respective strengths to embrace latest technical breakthroughs in steel pipes manufacturing. By 2030 the capacity of steel production is expected to grow three-fold. This will generate employment in the country which will support other industries also and boost up the economy. This tie-up is aimed at generating more consumption with the best resources provided by APL Apollo and the latest technological expertise acquired through by joining hands with IIT Rorkee.”
Even though India is the second largest steel producing country, the domestic consumption of steel pipes contribute only a small per cent of the overall steel consumption which is a major point of concern. Hence, this agreement is important as it will lead to considerable rise in the consumption of steel pipes by exploring new avenues in steel pipes manufacturing based on new-age revolutionary technologies.
Prof. Ajit Kumar Chaturvedi, Director, IIT Roorkee said, “This understanding of working together for the development of new products and technologies shall help our researchers work on interesting projects and align their efforts with the requirements of industry.”