Mumbai, Apr 2: Satyam Computer Services Limited has signed a MoU with Central Institute of Plastics Engineering &Technology (CIPET), Hyderabad, an autonomous Plastics Training&Application Research Institute, under the Ministry of Chemicals and Fertilizers, Government of India, for developing new engineering plastic materials through an Industry-Institute collaborative approach.
The collaboration is the part of Satyam's strategic initiative of developing a global innovative ecosystem of alliances to provide total engineering solutions to its global customers, the Company release stated to BSE. The proposed alliance is aimed at synergising the product design and development expertise of Satyam Engineering Solutions and application research of CIPET, Hyderabad to develop innovative materials for new products being developed for customers worldwide.
This relationship will establish CIPET&Satyam together as applied research services provider to meet the needs of the global customers thereby successfully establishing an Industry-Institute partnership.
''This partnership would help Satyam Engineering Solutions to be a leading product design service provider with an innovation ecosystem of alliance partners,'' said Dr T S K Murthy, Global Head - Integrated Engineering Solutions, Satyam.