You are here: Home » PTI Stories » National » News
Business Standard

Indian, Malaysian industry, research bodies to work jointly on automation, robotics

Technology Internet

Press Trust of India  |  Chennai 

Top industry and research bodies from India and Malaysia reached an understandingThursday to take their manufacturing to the next level of automation with the help of robotics, artificial intelligence, machine learning and Internet of Things.

An agreement to this effect was signed between engineering exporters' body EEPC India and the Malaysian Automotive, Robotics and IOT Institute (MARI) at the International Engineering Sourcing Show (IESS), which opened here.

Briefing media, MARI CEO Madani Sahari said the industry and trade bodies of the two countries would facilitate joint efforts for technology development and adoption, adding, both nations have high level of capabilities in automotive sectors.

He said India can access the entire ASEAN market, leveraging Malaysia.

The MoU (Memorandum of Understanding) between EEPC India and MARI recommends investment in robotics, automotives and related areas and would encourage and identify companies from their respective countries for joint ventures.

EEPC India Chairman Ravi Sehgal said, with the US and several countries in Europe becoming restrictive, India has to look for alternate avenues of trade and investment and Malaysia is the best fit in this direction.

As a Partner Country, Malaysia has fielded a strong presence at the IESS with over 100 Malaysian companies reaching out to their counterparts in India and other parts of the world.

Moreover, Malaysia has reached an understanding with EEPC India, the organiser of the flagship programme, supported by the commerce ministry, for being the Partner Country for three years.

Over 400 delegates from 52 countries are attending the IESS -VIII, with 300 exhibitors. Tamil Nadu is hosting the event for the third time in a row.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, March 14 2019. 17:35 IST