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Our Bureau

Bangalore, May 20

ABB has decided to establish a `professorial chair' at the Indian Institute of Technology, Delhi for technology development and knowledge sharing between the two entities through specific development projects and research in power and automation. ABB and IIT have signed a memorandum of understanding to this effect, according to a press statement from ABB . The power equipment major will also award scholarships to merited undergraduate and post-graduate students to pursue studies and research in the relevant subjects. The `ABB scholars' will also have the opportunity to interact with the company on a regular basis as well as take up project assignments and summer internships. The company is also in talks with IIT for setting up a state-of-the-art lab facility. "Specific technology focus on power systems and power electronics will also help address some of India's specific challenges in a critical and fast developing sector," ABB India's Vice-Chairman and Managing Director, Mr Ravi Uppal said.

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