ISLAMABAD : STEDEC Technology Commercialization Corporation of Pakistan, Ministry of Science and Technology (MoST), Pakistan Council for Renewable Energy Technologies (PCRET), National Institute of Electronic (NIE) and Telecom Industry of Pakistan (TIP), Ministry of Information Technology (MoIT) signed a Memorandum of Understanding (MoU) at MoST on Thursday to design, develop, large scale production and marketing of Renewable Energy and Electronic Products in the country.

STEDEC Managing Director (MD) S. K. Mohyuddin, TIP MD Nadeem Ahmed Khan, PCRET Director General (DG) Khalid Islam and NIE DG Zafar Iqbal Khokhar signed the MoU on behalf of their respective organizations, while MoST Secretary Akhlaq Ahmad Tarar and MoIT Additional Secretary Muhammad Ejaz Mian witnessed the signing ceremony attended by heads of S&T organizations and media persons.

Speaking on the occasion, Tarar said that the ministry and its research and development (R&D) organizations have mandate to serve the national industry through developing products/technologies/processes, import substitutes, value-addition especially for export and by providing technical assistance to SMEs.

The MoST Secretary said these R & D organizations have good number of highly qualified, trained and experienced researchers as well as state-of-the-art / well equipped laboratories for undertaking world class research, however, their contribution to national industrial growth through indigenization of local technologies has not been very impressive.

He said the reason for this unimposing performance has been weak industrial linkages, trust deficit of industry on public sector organizations, development of non-demand driven products, lack of entrepreneurship development facilities/expertise and so on.

The MoST, while realizing these gaps, has established the Commercialization Cell to develop linkages between R&D Organizations, Academia and Industry for sharing of resources to carry out demand driven R&D, offering solutions to various industrial problems, entrepreneurship development and commercialization of IP of these organizations, he added.

Tarar said under the scope of this MoU, PCRET, NIE & STEDEC (MoST) and TIP (MoIT) shall jointly undertake design & development, large scale production and marketing of Renewable Energy and Electronic Products in the country and the signing parties will ensure optimal utilization of all available resources for mutual benefit and for the ultimate aim of introducing and promoting cost effective indigenous products.