HMT inks pact with Fraunhofer for technology upgradation

BENGALURU: State-run engineering firm HMT today signed an agreement with German firm Fraunhofer for technology upgradation.

Fraunhofer is Europe's largest application-oriented research organisation.

"HMT has signed an MoU with Fraunhofer today, pertaining to technology upgradation for developing latest technology machines by our subsidiary HMT Machine Tools Ltd.

"The MoU was signed in the presence of Prime Minister Narendra Modi and German Chancellor Angela Merkel," HMT said in a BSE filing.