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Smartron commits Rs 100 cr investment in Chhattisgarh

Press Trust of India  |  New Delhi 

Technology firm Smartron today said it will invest Rs 100 crore over the next two years to set up research and development (R&D) and manufacturing operations in

The company, backed by cricket icon Sachin Tendulkar, has signed an agreement with the state to bring smart technology and product ecosystem to elevate the technological framework of the state.

"The MoU is for a period of two years. Smartron will invest Rs 100 crore in setting up R&D and manufacturing in the state," Smartron founder and Chairman Mahesh Lingareddy told PTI.

He added that the association will bring in a number of smart technologies, jobs and manufacturing and product ecosystems to the state.

"We look forward to partnering with the of to transform the state's technological infrastructure and deliver highly intelligent and personalised services in the areas of health, home, education, governance, infrastructure, agriculture and energy," he said.

Smartron will also participate in various initiatives like the Smart City project, the SKY programme. The company will be able to fulfil the state's requirements for smart products and technologies on an ongoing basis.

The company has raised about Rs 150 crore from investors in the US and the Middle East. It is working towards building an ecosystem of Internet-connected devices that would include smartphones, smartbands, home security products and an electric two-wheeler.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 18:28 IST