The city-based Rs5,200-crore Murugappa group has signed
a memorandum of understanding (MoU) with the Indian Institute
of Technology, Madras (IIT-M) for undertaking joint research.
This is the first time IIT-M will join hands with aa corporate
house to undertake joint research. The MoU was signed
by M M Murugappan, group director, Technology, Murugappa
group and Dr V Kalyanaraman, dean, industrial consultancy
and sponsored research, IIT-M.
Murugappa group- IIT-M linkage will enable the 18 companies
of the Murugappa group to undertake research in ten areas
ranging from material sciences to manufacturing technology.
Murugappa group, through this agreement, will improve
its technological strengths and sustain its competitiveness
in the emerging global business scenario," remarks
M M Murugappan.
technologies developed within the group include chromising
of steel parts, sol gel for abrasives and ceramic colours,
plasma coating of ceramics, organic manure, neem-based
pesticide and spirulina from algae.