Akums Drugs & Pharmaceuticals has signed a Memorandum of Understanding (MOU) with the National Institute of Food Technology, Entrepreneurship and Management - Thanjavur (NIFTEM-T).

Both organizations have taken a significant step in strengthening industry-academia partnerships, nurturing innovation, and enhancing skill development in the field of food processing and allied sciences.

With its diversified portfolio spanning pharmaceuticals formulations, nutraceuticals, Ayush, herbals, Ayurvedic products, cosmetics, derma, API, etc., Akums has been a frontrunner in providing end-to-end solutions in healthcare and wellness. This MoU aligns with Akums’ vision to advancing research and development, nurturing future talent, and contributing to the growth of the industry.

Under this agreement, NIFTEM-T students will be provided with internship opportunities at Akums, allowing them to gain hands-on industry experience. This initiative aims to bridge the gap between theoretical knowledge and industry requirements, preparing students for future careers in food technology and Nutraceuticals related domains.

In addition to internships, Akums and NIFTEM-T will collaborate on research projects with specific objectives focused on new Nutraceutical products and process development. These research endeavors will enable both institutions to leverage their expertise in developing innovative solutions in food processing and technology. To encourage academic excellence, Akums will also provide merit awards to top-ranking and meritorious students from NIFTEM-T. This initiative will help in promoting and awarding talent.

Speaking on the occasion, Sanjeev Jain, Managing Director of Akums Drugs & Pharmaceuticals, stated, “We are delighted to partner with NIFTEM-T in this collaborative effort to enhance research, innovation, and skill development in the food processing industry. This agreement underscores our commitment to fostering industry-academia partnerships, driving meaningful research, and preparing the next generation of professionals with practical knowledge and expertise.”

The partnership will also extend its support towards promoting startups and their business development, promoting entrepreneurship, and nurturing innovative ideas within the industry. Through this, Akums aims to contribute to the ecosystem of emerging businesses in the food and health sector by providing guidance, mentorship, and potential collaboration opportunities.

Further, collaboration between faculty of NIFTEM-T and Akums will facilitate joint and integrated research projects. Prof. V. Palanimuthu, Director, NIFTEM-T added, “This MOU with Akums is a significant step toward providing our students with invaluable industry exposure and fostering collaborative research initiatives. By working together, we can contribute to the advancement of food technology, encourage entrepreneurship, and create impactful innovations that benefit both academia and industry.”

The partnership between Akums and NIFTEM-T embodies a shared vision of advancing food science, research, and skill development. This collaboration is set to drive innovation, foster knowledge-sharing, and perhaps contribute in shaping the future of the food processing sector, paving the way for meaningful industry advancements.