The IIT-Madras is on the move to expand its research park campus to accommodate more Japanese ventures.
The decision to broaden its horizon for research by expanding its campus by 0.8 million sq ft has been announced by IIT-Madras at the alumni meet of its Post Graduate Program for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM).
Located on the IT corridor, the IIT Madras Research Park currently has 55 companies with their research and development departments.
Every week at least one Japanese firm sets shop in Tamil Nadu, said an eminent professor from Manufacturing Engineering Section. Keeping this in mind the institutes welcomes Japanese firms to set up their R&D units at the park. The research park already has eminent Japanese enterprises like Nissan and AMADA. Currently, the IIT-M has signed MoUs with 10 universities in Japan.
The executive MBA program PGPEX-VLM was launched in 2006 by India and Japan with the help of National Manufacturing Competitiveness Council and Japan International Cooperation Agency (JICA). Every batch has to visit Japan as part of the course.