Railways has decided to set up the Malaviya Chair for Railway Technology at IIT (BHU), Varanasi to help in development of new materials to be used in all assets of the national transporter.
Railways will provide endowment fund of Rs 5 crore for the purpose.
The project formulation and implementation in the fields of development of new materials for use in various assets of the Railways will form part of the functioning of Malaviya Chair.
The Malviya Chair will function through the Chair Core Committee (CCC) consisting of Railway Board Advisor R K Verma and other two senior railway officials.
There will be two nominees of from IIT (BHU). The CCC may also co-opt any additional Member, if considered appropriate, says a release.
The projects identified and their execution in consultation with other academic and research institutions through this Chair will be carried out as per the existing procedures of IIT(BHU).
