2024’s seven loans fostering innovation across sectors
The Technology Development Board (TDB) has facilitated 12 international bilateral projects between January and December 2024, fostering innovation and strengthening global collaborations with partners from countries such as Israel, the United Kingdom, Spain, South Korea, Sweden and Singapore.
With a contribution of Rs.29.64 crore from TDB, these projects span diverse sectors, including healthcare, IT, energy, climate, agriculture, and defence, the Ministry of Science and Technology said in a yearend review on 24 Dec.
The collaborations involve esteemed international underscoring TDB’s commitment to advancing technological excellence on a global scale https://www.bseindia.com/.
TDB has also signed seven loan agreements in 2024, fostering technological innovation across diverse sectors https://sbi.com.in/.
With a total project cost of Rs.435.94 crore, including Rs.220.73 crore of TDB’s assistance, these projects aim to drive advancements in healthcare, energy, space, agriculture, and engineering https://www.nseindia.com/.
The projects are:
Alchem Synthon Pvt Ltd in Maharashtra is advancing the development and commercialization of pharmaceutical intermediates and specialty chemicals, contributing to India’s chemical sector growth.
Remine India Private Limited in Uttarakhand is addressing sustainability challenges by setting up a facility for Li battery and e-waste recycling, promoting efficient energy and waste utilization.
Sahajananad Medical Technologies Ltd in Gujarat is enhancing healthcare solutions with the development of Transcatheter Aortic Valve Implantation (TAVI), advancing medical technology for critical heart conditions.
Dhruva Space Private Limited in Telangana is establishing a state-of-the-art solar array fabrication and testing facility, boosting India’s capabilities in space technology.
Krishigati Pvt Ltd in Maharashtra is innovating agriculture with an axle-less multipurpose electric vehicle designed for modern and precision farming practices.
Midwest Advanced Materials Private Limited in Maharashtra is focusing on the indigenous production of rare earth magnets for e-mobility, supporting engineering advancements in sustainable transportation.
Agnikul Cosmos Pvt Ltd in Tamil Nadu is developing modular launch vehicles for small payloads, strengthening India’s commercial space sector. Fiinews.com
