LAHORE - The LCCI Thursday inked MoU with Institute of Space & Technology (IST) enabling all the LCCI members to initiate joint research projects with IST to address R&D related issues.

LCCI President Irfan Qaiser Sheikh inked the MoU on behalf of the Lahore Chamber of Commerce and Industry while the Institute of Space & Technology was represented by its Vice Chancellor Engineer Imran Rehman.

As per the MoU, the LCCI will encourage its members to initiate joint research projects with faculty and researches of Institute of Space and Technology.

The MoU will help strengthen the relations between the Lahore Chamber of Commerce and Industry and Institute of Space & Technology. The LCCI members may seek the expertise and the consultancy of IST faculty and researchers in product and process design and development. The LCCI members can also utilize the lab testing facilities on actual cost basis.

LCCI and IST will also jointly develop need-based Professional Development short courses on subsidized rates for LCCI members to keep them abreast of latest and upcoming technologies, management tools and techniques.

Venue of these courses may be at IST Islamabad or LCCI.