Vikram Solar has announced a Memorandum of Understanding with the Indian Institute of Engineering Science and Technology (IIEST), an Institute of National Importance listed by the Government of India. IIEST is recognised as one of the Centres of Excellence in Solar Energy by the Ministry of New and Renewable Energy (MNRE), Govt. of India. The announcement was made at the Rashtrapati Bhavan in the presence of Hon'ble President of India, Pranab Mukherjee at a Session on Industry-Academia Collaborations with CII.

As per the agreement, both the organisations will collaborate for the purpose of research and development for enrichment of knowledge in the area of solar photovoltaic, beneficial to both the academia and industry. The two entities will also collaborate and identify key R&D areas (knowledge generation, know-how update, technology exploitation, system development, novel or new technology resources, applied research etc.) to address the immediate requirements of the country, arrange seminars and training programs on solar photovoltaic with active participation of faculties and students of IIEST and scientists of VSPL.

Speaking on the occasion, Gyanesh Chaudhary, MD and CEO, Vikram Solar, commented, "We are glad to announce this partnership. It is a proud moment for us to collaborate with the esteemed Institute for research and development purpose and in order to address the immediate requirements that the country faces in terms of developing advanced technological solar solutions."

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