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

Press Trust of India  |  Chennai 

Top industry and research bodies from and reached an understandingThursday to take their to the next level of with the help of robotics, artificial intelligence, and

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

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

He said can access the entire ASEAN market, leveraging

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

said, with the US and several countries in becoming restrictive, India has to look for alternate avenues of trade and investment and 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. 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.)

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