News Update

CBIC revises tariff value of gold, silver & edible oilsUS steeply hikes tariffs on many Chinese goods; New regime to come into force from Sept 27China’s law-making body okays proposal to hike retirement age - for men, from 60 to 63; for women in white collar job, from 55 to 58 and women in blue collar job, from 50 to 55Onion exports - Govt revokes minimum price clauseAsia Pacific Ministerial Conference on Civil Aviation adopts Delhi DeclarationPMLA - Once accused has got bail in money laundering case despite stringent conditions under PMLA, his further detention in predicate offence by CBI under Prevention of Corruption Act, is untenable: SC (See 'TIOLCorplaws')FM accused of humiliating owner of Kovai restaurant chain in Coimbatore; Annamali tenders apology on behalf of party functionaries'DakGharNiryat Kendra' playing key role in connecting local entrepreneurs to global marketCus - Smuggling of 5kg gold - Only on the basis that the vehicle used in the crime was in the name of the applicant's brother, gravity of offence cannot be mitigated - Application for anticipatory bail rejected: HCIndia to be Exclusive Partner for European Hydrogen Week in Nov 2024Cus - Revenue is directed to consider the application of petitioner seeking release of seized gold bars/cutting bars: HCMicrosoft India purchases land worth Rs 453 Cr in PuneCBDT to participate in Special Campaign 4.0GST - SCN does not mention any proposal to cancel registration with retrospective effect - Petitioner to exercise efficacious remedy of statutory appeal: HCVice President of India lambasts Rahul Gandhi for anti-India behaviourGST - Registration cancelled pursuant to directions received from Anti-Evasion branch - Such communication was neither mentioned in SCN nor accompanied it - Violation of principles of natural justice: HCFootwear Design Institute inks 4 MoUs with Research InstitutesGST - Unauthorised persons accompanying raiding team and copying data from computer - No panchanama drawn - Since petitioner has complained to police, Bench has no reason to believe that the said complaint will not be processed: HCSC grants bail to Kejriwal in liquor caseGST - Cancellation of a taxpayer's registration does not absolve the taxpayer from being held accountable for any statutory non-compliance or absolves it from any liability: HCClassification of auto-components- The phoenix raises againGas leak for chemical factory in Maharashtra scares peopleOdisha reserves 10% reservation for former Agniveers in State Uniform ServicesDEA notifies new Forex Compounding Rules
 
Footwear Design Institute inks 4 MoUs with Research Institutes

By TIOL News Service

NEW DELHI, SEP 13, 2024: FOOTWEAR Design and Development Institute (FDDI), an institution under the Department for Promotion of Industry and Internal Trade (DPIIT) scripted a new chapter in the technological advancement and expertise in raising the bar of its excellence in the domain of footwear design and development at par with international standards by signing four separate Memorandum of Understanding (MoU) with the prestigious academia namely Tamil Nadu Physical and Sports University, Chennai, Vellore Institute of Technology( VIT), Chennai, Woxsen University, Hyderabad and Kalinga Institute of Industrial Technology, Bhubaneswar at a simple ceremony organised at Udyog Bhawan.

In his welcome address, FDDI Managing Director, Dr. Sumeet Jarangal said this pathbreaking initiative with a thrust on collaborative research will go a long way in immensely benefitting all the stakeholders including faculty, students, entrepreneurs and workers especially engaged in the footwear and leather industry by honing their skills through the joint courses and training programs of these partner universities and institutions. He also shared a comprehensive overview of the different CoE locations and their specialized areas of focus. He specifically elaborated on how the MoUs would align with the core vision of FDDI, to enhance research and development capabilities, facilitate the exchange of knowledge, and foster innovation in footwear, leather goods, and fashion products.

Notably, Dr. Jarangal also outlined the objectives of the collaboration, including the exchange of faculty and students, joint research initiatives, and product development projects across FDDI's multiple campuses, including Rohtak, Noida, Jodhpur, Chennai, Hyderabad, Patna, and Kolkata.  Pointing out further, he said the FDDI is making all-out efforts to provide and develop the best infrastructure for the domestic footwear and allied industry to achieve quality production in conformity with the international. However, he said these MoUs would further catapult the growth and development of footwear and leather apparel/ accessories on the top of the chart across the country provided these partnerships are transformed into actionable projects in the right earnest. Eventually, he emphasised the need to convert MoUs from mere documents to tangible goods.

Underscoring the need to impart state -of - the- art infrastructure facilities coupled with the latest knowledge and skills to promote the footwear and leather industry in a big way, FDDI MD hoped this out of the box initiative to forge mutual research amongst FDDI and four leading academic and research institutions is a way forward to achieve the desired goal.

While making a presentation on the event, Director CoE Dr. Madhusudan Pal emphasized the practical steps taken to ensure that the MoU delivers on its promises, including organizing visits to different FDDI campuses, establishing public-private partnerships (PPP), and creating internship programs in collaboration with universities like Woxsen University. Apart from these, he also highlighted the importance of IPR protection, prototype development, and commercialization of innovative products, reinforcing the commitment to not just academic collaboration but also driving industry-relevant innovations.

Prominent amongst others who attended this momentous occasion included, Secretary FDDI Col. Pankaj Kumar Sinha besides representatives from academia Dr. Sivakumar R, Dean, Vellore Institute of Technology (VIT), Chennai, Dr. P. Rajnikumar, Head CEB-HPC, Tamil Nadu Physical Education and Sports University, Tamil Nadu, Dr. Adity Saxena, Dean, and Santhosh Kocherlakota, Assistant Dean, Woxsen University, Hyderabad, Prof. Bauri Raula, Dean, Kalinga Institute of Industrial Technology (KIIT), Odisha.

Pertinently, the event brought together distinguished guests from various universities across the country, with a shared vision of strengthening collaboration in product development, innovation, and education.

Finally, the event concluded with the official signing and exchange of MoUs, symbolizing a shared commitment to enhancing research, innovation, and educational excellence. The agreements will foster the exchange of faculty, students, and knowledge, creating a dynamic platform for mutual growth. The partnerships promise to enrich the academic landscape and contribute to India's broader goals of fostering innovation-driven growth.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.