■ It disseminates the public funded technology to industry and other sectors for speedy growth of industries and the consequential momentum to sustained national development.
■ Reduces industry’s time and money on R&D, thus accelerating commercialization.
■ Imparts high technology benefits such as quality assurance, reliability practices, project management techniques and skills into industry.
■ Benefits to industry in terms of new and better products, processes, and services that lead to increased efficiency and effectiveness, greater market share and increased profits.
■ Increases global competitiveness of Indian Industry.
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