The collaboration was announced on April 30, 2024, and involves Tata Steel's Industrial Consulting Division (TSIC) and TEXMiN, at IIT (ISM) Dhanbad.
Through meticulously curated training initiatives, the collaboration aims to empower mining professionals with contemporary proficiencies spanning exploration, mining, remote sensing, and regulatory protocols, ensuring a skilled and competent workforce for the future.
TSIC and TEXMiN will synergise their efforts to conceive novel products and services with commercial viability, focusing on scalability and innovation to address industry challenges and drive transformative change. The partnership will also explore and implement nascent mining technologies, fostering sustainable growth and industry-wide transformation through the adoption of innovative solutions.
Additionally, TSIC and TEXMiN will collaborate in governmental and private sector initiatives, leveraging their complementary competencies to overcome challenges and foster a culture of transformative change within the mining industry.
The Memorandum of Understanding (MoU) between the two entities marks a significant step towards propelling the mining industry into the era of Mining 4.0. It emphasizes both institutions' commitment to fostering a sustainable and efficient future for the sector.
Additionally, TSIC and TEXMiN will collaborate in governmental and private sector initiatives, leveraging their complementary competencies to overcome challenges and foster a culture of transformative change within the mining industry.
The Memorandum of Understanding (MoU) between the two entities marks a significant step towards propelling the mining industry into the era of Mining 4.0. It emphasizes both institutions' commitment to fostering a sustainable and efficient future for the sector.
Key Objectives of the Alliance:
- Technical Advancements: Prioritizing technical advancements to redefine resource management practices.
- Skill Development: Empowering mining professionals with contemporary skills in exploration, mining, remote sensing, and regulatory protocols.
- Innovative Technologies: Integrating cutting-edge software and digital methodologies into exploration, mining, and beneficiation processes.
- Novel Products and Services: Conceiving scalable and innovative solutions to address industry challenges.
- Sustainable Growth: Implementing nascent mining technologies to foster sustainable growth and industry-wide transformation.
This strategic alliance is expected to drive transformative change across the sector, setting new benchmarks for efficiency and sustainability.
TEXMiN (Technology Innovation in Exploration & Mining) Foundation, instituted by DST, GoI, under the NMICPS mission, is a Section 8 company and the preeminent Mining Technology Innovation Hub of IIT (ISM) Dhanbad. It is committed to addressing the manifold challenges confronting the mining and exploration sector through the strategic deployment of CPS-based technologies.
TEXMiN (Technology Innovation in Exploration & Mining) Foundation, instituted by DST, GoI, under the NMICPS mission, is a Section 8 company and the preeminent Mining Technology Innovation Hub of IIT (ISM) Dhanbad. It is committed to addressing the manifold challenges confronting the mining and exploration sector through the strategic deployment of CPS-based technologies.
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