New Delhi: ITC Limited, one of India’s leading multi-business conglomerates and a sustainability exemplar, has signed an MoU with IIT Delhi to support research in identified STEM (Science, Technology, Engineering and Mathematics) areas for accelerating India’s journey towards achieving its Sustainable Development Goals.

Currently, the areas identified for research are energy storage, low carbon cold transportation, and plastic bio degradation to name a few and will further pave wave for more research in the areas of mutual interest.

Speaking of the partnership, Mr. Prabhakar Lingareddy, Executive Vice President and
Head - Social Investments, ITC Limited stated, “ITC has embarked on the next horizon of sustainable excellence with a comprehensive Sustainability 2.0 vision, which resolves to ‘Build Back Better’. The redefined Sustainability 2.0 Vision with ambitious targets calls for inclusive strategies that can support even more livelihoods, pursue newer pathways to fight climate change, support circular economy and enable transition to a net zero ecosystem, thus contributing meaningfully to the nation’s NDC commitments and SDG Goals.”

Commenting on the agreement, Prof Anurag Rathore, Dean, Corporate Relations, IIT Delhi, said, “We are happy to be associated with ITC. Sustainability is the DNA of ITC’s corporate philosophy and we look forward to exploring more collaboration channels of mutual interest that will fuel innovation and ideation of novel technologies and products.”

Prof Rathore added that IIT Delhi had made significant contributions in many areas including academic activities, research, innovation and technology development. Collaboration between the industry and academia will help us in our pursuit of excellence and also further strengthen the public research and innovation ecosystem of India.

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