The role of FITT can be seen in fostering technology development, technical consultancy, collaborative R&D, professional HR development programs, industry-site visits, event participation, corporate membership etc. This is necessitated by the key agenda of the Foundation to showcase and transfer the Institute’s intellectual ware to industry and also inject industrial relevance in teaching and research at IITD. Quite a number of short term and medium term education courses on emerging technologies have been organized and a number of important problem solving innovative and research-oriented consultancy projects have been taken up.
DSIR has recognized FITT as a Scientific and Industrial Research Organization (SIRO). As a SIRO, FITT is eligible for full custom duty exemption for import of capital goods, raw materials and technology know-how that are required for execution of R&D programmes sponsored by the industry.