The government today approved transfer of a portion of land and building of erstwhile National Instruments by Jadavpur University (West Bengal) to the DRDO for setting up a defence research centre.
The transfer of a portion of land and building will be on long-term lease to the Defence Research and Development Organization (DRDO), an official release said.
The land will be transferred for establishment of a defence research centre namely the Jagadish Chandra Bose Centre for Advanced Technology (JCBCAT), it said.
The decision was taken at the Cabinet meeting headed by Prime Minister Narendra Modi here.
The decision "will be beneficial as Research and Development efforts are expected to result in reduction in import dependence in the strategic sector," the release said.
As National Instruments Ltd, a PSU, became sick its assets, liabilities and manpower were transferred to Jadavpur University in January 2009 under the Board for Industrial and Financial Reconstruction (BIFR) sanctioned revival scheme (SRS).
As per the scheme, the land of National Instruments transferred to Jadavpur University will be used for research, project works, pilot plant study and the land will not be alienated, sold, leased, transferred without approval of the government.
