 | « Back to article | Print this article |
The government has approved 15 foreign technology collaboration proposals including that of Finolex Industries and Tata Motors.
Commerce and Industry Minister Arun Jaitley also approved nine licensing proposals and amendments in existing ones in sectors including textiles, explosives, petroleum and material handling equipments apart from technical collaboration proposals.
The proposals include technical collaboration agreement of Tata Motors with AVL List GmbH of Austria and Delphi Deisel Systems, France for design and development of Euro IV compliant engine for passenger cars.
The Project Approval Board, in its meeting held on November 20 under the chairmanship of R R Shah, secretary, DIPP, had recommended these proposals for approval, which included Finolex Industries' technology agreement with Oxy Vinyls and Aker Kvaerner, Netherlands for manufacture of Vinyl Chloride monomer.
The proposal of Spicer India for extention of their technical agreement with Dana Corporation of US was also given a go-ahead, an official statement said on Wednesday.
This would enable the company to manufacture driveshafts for super heavy vehicles.