Cyient, AICTE to Launch Innovation Cluster in Vizag
ECONOMY & POLICY

Cyient, AICTE to Launch Innovation Cluster in Vizag

Cyient Foundation, the CSR arm of Cyient Ltd., has entered into a strategic partnership with the All India Council for Technical Education (AICTE) to establish a city-level innovation cluster in Visakhapatnam, Andhra Pradesh. The Memorandum of Understanding (MoU) was signed in the presence of Shri Nara Lokesh, Honourable Minister for Human Resources Development, IT, Electronics and Communication.

The initiative seeks to transform higher education institutions into dynamic centres of innovation, entrepreneurship, and intellectual property creation. This pilot programme will serve as a model for similar clusters nationwide and is part of a broader effort to empower regional ecosystems.

The partnership will implement a structured innovation model, introducing iCARE (Innovation Creation and Research for Entrepreneurship) centres, iCAFE (Idea Creation and Auxiliary Facilities for Entrepreneurship) centres, and IPR-TT (Intellectual Property Rights and Technology Transfer) cells across select mentor and mentee institutions in and around Visakhapatnam.

Dr B.V.R. Mohan Reddy, Founder Chairman of Cyient and Chief Patron of Cyient Foundation, commented, “This collaboration with AICTE is a key step in making India a global innovation leader. By promoting entrepreneurship and supporting institutional development, we are fostering a self-sustaining ecosystem of innovation, IP creation, and industry-academia engagement.”

In addition to the innovation infrastructure, the programme will feature boot camps, innovation fairs, hackathons, and mentoring initiatives. These will aim to equip students and faculty with practical skills and resources to support real-world innovation and start-up growth.

Dr Abhay Jere, Vice Chairman of AICTE, said, “This partnership exemplifies the type of industry-academia collaboration that can transform India’s innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.”

The initiative aligns with the Government of India’s vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution’s Innovation Councils (IICs) established across technical and non-technical institutions, with major hubs in Visakhapatnam, Vijayawada, Guntur, Tirupati, Kakinada, Nellore, and Anantapur.

The three-year roadmap for the cluster will be supported through CSR grants and infrastructure development provided by Cyient Foundation. The effort is closely integrated with national initiatives such as the Smart India Hackathon and the Innovation Cell of the Ministry of Education, which have been pivotal in shaping a culture of innovation across more than 15,700 higher education institutions in India.

Cyient Foundation, the CSR arm of Cyient Ltd., has entered into a strategic partnership with the All India Council for Technical Education (AICTE) to establish a city-level innovation cluster in Visakhapatnam, Andhra Pradesh. The Memorandum of Understanding (MoU) was signed in the presence of Shri Nara Lokesh, Honourable Minister for Human Resources Development, IT, Electronics and Communication.The initiative seeks to transform higher education institutions into dynamic centres of innovation, entrepreneurship, and intellectual property creation. This pilot programme will serve as a model for similar clusters nationwide and is part of a broader effort to empower regional ecosystems.The partnership will implement a structured innovation model, introducing iCARE (Innovation Creation and Research for Entrepreneurship) centres, iCAFE (Idea Creation and Auxiliary Facilities for Entrepreneurship) centres, and IPR-TT (Intellectual Property Rights and Technology Transfer) cells across select mentor and mentee institutions in and around Visakhapatnam.Dr B.V.R. Mohan Reddy, Founder Chairman of Cyient and Chief Patron of Cyient Foundation, commented, “This collaboration with AICTE is a key step in making India a global innovation leader. By promoting entrepreneurship and supporting institutional development, we are fostering a self-sustaining ecosystem of innovation, IP creation, and industry-academia engagement.”In addition to the innovation infrastructure, the programme will feature boot camps, innovation fairs, hackathons, and mentoring initiatives. These will aim to equip students and faculty with practical skills and resources to support real-world innovation and start-up growth.Dr Abhay Jere, Vice Chairman of AICTE, said, “This partnership exemplifies the type of industry-academia collaboration that can transform India’s innovation economy. The cluster in Visakhapatnam will serve as a blueprint for future regional innovation hubs.”The initiative aligns with the Government of India’s vision of Atma Nirbhar Bharat, focusing on innovation-driven regional empowerment. Andhra Pradesh currently has over 1,137 Institution’s Innovation Councils (IICs) established across technical and non-technical institutions, with major hubs in Visakhapatnam, Vijayawada, Guntur, Tirupati, Kakinada, Nellore, and Anantapur.The three-year roadmap for the cluster will be supported through CSR grants and infrastructure development provided by Cyient Foundation. The effort is closely integrated with national initiatives such as the Smart India Hackathon and the Innovation Cell of the Ministry of Education, which have been pivotal in shaping a culture of innovation across more than 15,700 higher education institutions in India.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement