Common use of PROJECT MONITORING COMMITTEE Clause in Contracts

PROJECT MONITORING COMMITTEE. Project Monitoring Committee (PMC) will be constituted by IGSTC to monitor the progress of the objective(s) of the Project. IGSTC shall have at least one representative in the PMC. The functions of the PMC shall be as follows: i. To monitor the progress of the Project in conformity with the outputs, milestones, targets objectives and other terms and conditions as contained in the Agreement. ii. To keep track of funding from any other source for the Project. iii. To assess the global developments impacting the domain of the Project. iv. Based on the foregoing, to assess and recommend a. the release of next installment or part release thereof by the IGSTC; b. revision of Project Duration; c. closing, dropping or modifying any of the components of the Project, within the overall approved objectives, budget and time-frame; d. inclusion of additional industrial/institutional partner(s), if the Company requests involvement of such partner(s), in the overall interest of the Project; and e. revision of the financial assistance. v. To advise on issues related to securing of IPR and mentor to overcome any technological problem faced in the Project implementation; and vi. To advise on any other matter as referred to it by IGSTC and/or otherwise reasonably necessary for effective discharge of its duties and/or achievement of aims and objectives of XXXXX 0+0 Xxxxxx.

PROJECT MONITORING COMMITTEE. Project Monitoring Committee (PMC) will be constituted by IGSTC to monitor the progress of the objective(s) of the Project. IGSTC shall have at least one representative in the PMC. The functions of the PMC shall be as follows: i. : To monitor the progress of the Project in conformity with the outputs, milestones, targets objectives and other terms and conditions as contained in the Agreement. ii. To keep track of funding from any other source for the Project. iii. To assess the global developments impacting the domain of the Project. iv. Based on the foregoing, to assess and recommend a. recommend the release of next installment or part release thereof by the IGSTC; b. ; revision of Project Duration; c. ; closing, dropping or modifying any of the components of the Project, within the overall approved objectives, budget and time-frame; d. ; inclusion of additional industrial/institutional partner(s), if the Company requests involvement of such partner(s), in the overall interest of the Project; and e. and revision of the financial assistance. v. . To advise on issues related to securing of IPR and mentor to overcome any technological problem faced in the Project implementation; and vi. and To advise on any other matter as referred to it by IGSTC and/or otherwise reasonably necessary for effective discharge of its duties and/or achievement of aims and objectives of XXXXX 0+0 Xxxxxx.

PROJECT MONITORING COMMITTEE. Project Monitoring Committee (PMC) will be constituted by IGSTC BIRAC to monitor the progress of the objective(s) of the Project. IGSTC shall have at least one representative in the PMC. The functions of the PMC shall be as follows: i. To monitor the progress of the Project in conformity with the outputs, milestones, targets objectives and other terms and conditions as contained in the Agreement. ii. To keep track of funding from any other source for the Project. iii. To assess the global developments impacting the domain of the Project. iv. Based on the foregoing, to assess and recommend: a. the release of next installment or part release thereof by the IGSTC;BIRAC. b. revision of Project Duration; c. closing, dropping or modifying any of the components of the Project, within the overall approved objectives, budget and time-frame;, d. inclusion of additional industrial/institutional partner(s), if the Company requests involvement of such partner(s), in the overall interest of the Project; and e. revision of the financial assistance. v. To advise on issues related to securing of IPR and mentor to overcome any technological problem faced in the Project implementation; and vi. To advise on any other matter as referred to it by IGSTC and/or otherwise reasonably necessary for effective discharge of its duties and/or achievement of aims and objectives of XXXXX 0+0 Xxxxxx.

PROJECT MONITORING COMMITTEE. Project Monitoring Committee (PMC) will be constituted by IGSTC to monitor the progress of the objective(s) of the Project. IGSTC shall have at least one representative in the PMC. The functions of the PMC shall be as follows: i. To monitor the progress of the Project in conformity with the outputs, milestones, targets objectives and other terms and conditions as contained in the Agreement. ii. To keep track of funding from any other source for the Project. iii. To assess the global developments impacting the domain of the Project. iv. Based on the foregoing, to assess and recommend: a. the release of next installment or part release thereof by the IGSTC;. b. revision of Project Duration; c. closing, dropping or modifying any of the components of the Project, within the overall approved objectives, budget and time-frame;, d. inclusion of additional industrial/institutional partner(s), if the Company requests involvement of such partner(s), in the overall interest of the Project; and e. revision of the financial assistance. v. To advise on issues related to securing of IPR and mentor to overcome any technological problem faced in the Project implementation; and vi. To advise on any other matter as referred to it by IGSTC and/or otherwise reasonably necessary for effective discharge of its duties and/or achievement of aims and objectives of XXXXX 0+0 Xxxxxx.