Power Finance Corporation (PFC) has signed an agreement with the Indian Institute of Technology- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology. The agreement was on a virtual platform. The objective of the pact is to provide support to IIT-Kanpur in developing infrastructure for research and development on smart grid technology.
Under the agreement, PFC will provide financial assistance of worth Rs 2,38,97000 to IIT-Kanpur. As part of the project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates. The fellows will be assisted by Start-up Innovation and Incubation Centre of IIT-Kanpur and encouraged to take up entrepreneurial activities.
Important takeaways for all competitive exams:
- Chairman of IIT-K: K. Radhakrishnan.
- Director of IIT-K: Abhay Karandikar
- Chairman and MD of PFC: Ravinder Singh Dhillon
- Headquarters of PFC: New Delhi.