Fraunhofer is Europe's largest application-oriented research organisation. "HMT has signed an MoU with Fraunhofer, pertaining to technology upgradation for developing latest technology machines by our subsidiary HMT Machine Tools Ltd.
Finally the government is considering to breathe life into the ailing watch company HMT. The BRPSE has approved revival plan for the Bangalore-based company, reports CNBC-TV18 quoting sources.