The institute signed an agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) wherein GUVNL will start its R&D unit operations in the campus research park. GUNVL is a Government of Gujarat company and is engaged in the business of bulk purchase and sale of electricity, supervision, coordination and facilitation of its activities of its six subsidiary companies.

UGVNL will be the first cmpany to start its R&D operations at the institute’s Research Park. The park has been set up to boost industry-academia collaboration and innovation.  The institute plans to build around 200,000 sq ft of space for the park in the next couple of years. However, it has identified and earmarked around 26,000 sq ft of existing space to start the activities even before the construction of permanent buildings starts.