BELGRADE (Serbia), July 22 (SeeNews) - France-based multinational corporation Schneider Electric has signed a cooperation agreement with two Serbian technical faculties to provide support during studies for the most talented students, it said.

The agreement was signed with the Faculty of Technical Sciences in Novi Sad and the Faculty of Electrical Engineering in Belgrade during an official visit of French President Emmanuel Macron to Serbia, Schneider Electric said in a statement last week.

Schneider Electric will provide scholarships to back the gaining of practical knowledge, as well as financial assistance during studies. Work on various projects and potential recruitment by research and development firm for smart grid solutions SEDMS NS after graduation are additional advantages of the scholarship programme.

"We must always bear in mind that only people with high-quality education will lead the world. Schneider Electric is recognized worldwide for its commitments and programs for education and training, as well as for improving great places to work. This is the foundation of the initiative for scholarships for the best students of technical sciences in Serbia," Frederic Abbal, member of the executive committee of Schneider Electric, said after signing the agreement.

SEDMS NS is a centre of excellence developing advanced distribution management systems (ADMS) thanks to more than 800 engineers recruited mainly from the Faculty of Technical Sciences in Novi Sad. By investing in education, Schneider Electric aims to contribute to the development of the IT profession in Serbia and the transformation of Serbia's industry in the digital era.