The technology may be indigenous or imported through foreign collaboration. In case of indigenous technology it should be ensured that suitable technical personnel are available. For technology acquired through collaboration tie –ups the key areas to be probed are:
– The standing of the collaborators and past experiences concerning tie up arrangements with them
– Adequacy of the scope and the competitiveness of the terms of the collaboration in relation to the requirements of the project, project engineering, equipment specifications, drawings, process know- how, erection and commissioning of the plant, trial operations and performance test, training facilities etc.
– Performance guarantee and its adequacy in relation to rated capacity of plant and machinery.
– Reasonableness of financial and other costs by way of down payments, royalties etc.
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