indore indian institute of technology indore iiti signed a memorandum of understanding mou with an automobile manufacturing unit on monday to collaborate on developing competencies and train industry ready talent poolthe agreement signed for a period of five years with volvo eicher commercial vehicles limited vecv will also allow the employees of the automobile company to acquire mtech master of science research and phd degreesiiti director professor suhas s joshi said this cooperation will cover joint research scientific mobility exchange of scientific and technical information exploitation of research results and transfer of technology it will also help in training of vecv employees internship of students from iiti joint workshops research and consultancy projectsiiti will award mtech degree in hybrid and electric vehicle to employees of vecv on completion of the coursevevc chief operating officer rajinder singh sachdeva said this is a vecv sponsored programme for its employees we hope an exchange of around 100 high quality engineers for training in a time frame of five years for future competencies this mou will also enhance collaboration in research and academics in the areas of mutual interest we are working towards building trained manpower for the future automotive industry