STAFF REPORT IBD: STEDEC Technology Commercialization Corporation of Pakistan, Ministry of Science and Technology (MoST), Pakistan Council for Renewable Energy Technologies (PCRET), National Institute of Electronic (NIE) and Telecom Industry of Pakistan (TIP) have signed an MoU to design, develop, large scale production and marketing of Renewable Energy and Electronic Products in the country.
Under the MoU, NIE and PCRET will Design, develop and produce prototype of demand driven products and pass on the complete technical know- how to TIP, while STEDEC will Undertake all financial and commercial aspects on behalf of PCRET and NIE.
The TIP will be responsible for mass scale production and marketing of products designed and developed by NIE and PCRET.
A joint Working Group, having representation of all the four parties as well as of MoST and MoIT will select the products (already designed or to be designed) and prepare workable operational model and SOPs for taking the products from initial stage to marketing level.
Speaking on the occasion, Secretary SandT Akhlaq Ahmad Tarar said that the ministry and its research and devrlopment research and development organizations have the mandate to serve the national industry through developing products and technologies, import substitutes, value-addition especially for export and by providing technical assistance to SMEs.