Sabic in India research partnership deal
Riyadh, August 27, 2013
Global petrochemical giant Sabic has announced that one of its key subsidiaries, has signed a multi-year strategic partnership deal with India-based research academy IITB-Monash.
The scope of collaboration between Sabic Research & Technology Private Limited (SRTPL) and IITB-Monash, one of the world’s leading research academies based at the Powaii campus off IIT Bombay, will extend to all of Sabic’s Technology & Innovation centers worldwide, said a statement from the petrochemical giant.
The partnership will also pave the way for close collaboration in multiple research projects, allowing both organizations to mutually develop advanced technologies into innovative solutions that meet global needs and demands in a number of areas that benefit society, it stated.
Commenting on the deal, Ernesto Occhiello, the executive VP (Technology & Innovation) said: "Sabic understands that innovation is critical to achieving the goals of our sustainability strategy and to helping societies around the world achieve theirs."
"Sabic's global partnerships in technology and innovation are central to the company’s growth plans and this latest agreement with IITB-Monash represents an important step forward in our global commitment to advancing technologies and responding to the needs of society across a range of technology sectors," he observed.
"This partnership is as an expansion of Sabic’s existing relationship with IITB-Monash, and will deliver a much closer relationship that will enable the world class research teams of both organizations to work together in their respective joint research areas," Occhiell added.
IITB-Monash, which operates as an independent, autonomous research institution, attracts the best talent – students as well as academic and research staff – to work on goal directed, cross-disciplinary grand challenges.
Commenting on the cultural similarities between the two organizations, Frank Kuijpers, Sabic GM (Technology & Innovation) said: “At Sabic, we empower our people and reward them for innovative and pioneering work undertaken collaboratively with our customers and research partners."
"IITB-Monash has a similar “can do” culture to Sabic and we look forward to embarking on this new journey with them," he added.-TradeArabia News Service
More Education, HR & Training Stories
- 100 experts for Dubai HR summit
- J4B marks first year with Tamkeen backing
- Saudi CEOs ‘highest paid in GCC’
- UAE ministry seals Microsoft deal
- Pact signed for UAE girls students' development
- Bahrain private school to resume classes
- BIBF signs deal with Palestinian institute
- Number of Omani working women soars
- Bayt.com launches Employer of Choice Awards
- Rota interview to screen youth conference applicants
- Experts discuss ways to build talented aviation workforce
- Top e-learning experts at Dubai summit
- Top education experts win GESS awards
- Bahrainis top GCC nationals seeking Saudi jobs
- Transguard launches graduate trainee programme
- Applications invited for Bahrain scholarship
- New technology training for educators
- Mubadala tie-up promotes healthy lifestyle
- GCC education sector short of 200,000 professionals
- Rosetta Stone buys language-learning firm
- Focus on special needs education
- NIIT signs deal with Com Group
- iPads replace textbooks in 75 Saudi schools
- 250 students tour aviation training facility in Abu Dhabi
- 40 Jordanian students showcase apps, games
- New Indian school opens in Dubai
- Sharp to showcase educational products at Gess2014
- Qatar science park offers training to tech entrepreneurs
- Bahrain Indian School opens new campus
- Labour reforms 'key to job creation'