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

Niti Ayog, ABB organise workshop on AI for MSMEs

Topics
Social Issues

Press Trust of India  |  Bengaluru 

Niti Aayog and ABB India Tuesday organised a workshop to discuss regulatory and financial concerns relating to adoption of Artificial Intelligence and automation technology by MSMEs.

The workshop on manufacturing in the age of Artificial Intelligence was held here where industry and policymakers discussed various aspects of AI and automation adoption.

"At ABB Ability Innovation Center we have brought all stakeholders of MSME value chain to identify the roadblocks they face in growth, be it in business models, financing or skilled labour, and together find ways in which we can address the same using tools ranging from policy to technology.

"As India gets recognized as a global hub for AI technologies and Industry 4.0 reshapes global manufacturing in the coming decades, we look at companies like ABB with a legacy of global technology leadership to lead this revolution by enabling our vibrant MSME base," said Anna Roy, Senior Adviser, Niti Aayog.

The workshop deliberated upon exploring innovative business and economic models to accelerate technology adoption by micro, small and medium enterprises (MSMEs), while optimizing costs.

Last year, Niti Aayog and ABB had signed a statement of intent to support the government to realise its 'Make in India' vision through advanced manufacturing technologies that incorporate the latest developments in robotics and AI.

(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: Tue, March 26 2019. 18:25 IST
RECOMMENDED FOR YOU