Nagaland signs tripartite agreement on technology transfer

Dimapur: As part of its endeavour towards building a conducive ecosystem for investment and entrepreneurship in the state, the Investment and Development Authority of Nagaland (IDAN) on Friday facilitated and signed a tripartite agreement with Nagaland Tool Room and Training Centre (NTTC) and Eco-Green on technology transfer.

Expressing hope of enhancing rural livelihood activities through the deal, Chairman of IDAN, Abu Metha said the agreement included technology transfer for manufacturing of nearly 10 rural entrepreneurship machines and equipment, training, aftersales and market linkages, according an update.

He also said the NTTC should be re-branded and converted to a state of the art manufacturing support centre, to facilitate more such engagements with national and international entities, centres of excellence and world class institutes.

The Principal of NTTC highlighted that the project would include training for value-added products such as banana fibre products, pineapple fibre products, and banana leaf tea cups, plates, etc.

‘This will enable rural entrepreneurs in Nagaland to specialise in their products and branding with available resources in the state,’ it was informed.

Meanwhile, the Eco-Green highlighted marketing potential for produces from Nagaland in its existing marketing channels in Austria, US and UK.

“The potential of using the stingy nettle fibre and other natural fibres of Nagaland to build a specialized product category for export from Nagaland through Eco-Green Channel was also deliberated for creating a niche market for Nagaland products abroad,” read the update.

The event concluded with signing of MoU and discussion on prospects of upgrading NTTC with commercial, economic and innovation verticals under the institution, it added.