New Delhi– The union cabinet on Wednesday gave its approval to a Memorandum of Understanding with Steinbeis GmbH, Germany, on technology resourcing in manufacturing, including the sub-sectors of capital goods.

The MoU was signed on April 25 this year during the Hannover Messe 2016.

“Steinbeis GmbH is leading organisation for applied industrial research in Europe. It will act as a technology resource partner for implementing identified projects in manufacturing,” a statement from the cabinet said.

“The MoU will provide a platform to various public sector undertakings and capital goods sector units to have easy access to capabilities and expertise of Steinbeis GmbH for identifying and plugging technology gaps,” it added.