Artificial intelligence (AI) is the latest buzzword in the
start-up space in India. The AI-based start-up movement in India is at ascent
stage. Now, Pragun Jindal
Khaitan, MD of Jindal Aluminium Ltd (JAL), the largest aluminium extruder
in India, has spelt out plans to invest in Artificial intelligence (AI) focused
start-ups. Following the growing demand on AI based technology, JAL is to set
to fund start-ups focussed on developing technologies that automate and improve
the efficiency of manufacturing operations.
Jindal Aluminium Limited (JAL) is interested in AI based
start-ups that are focussed primarily on two themes: streamlining the
manufacturing operations or in helping to improve B2B customer relations;
start-ups which can enhance corporate services like HR and auditing/fraud
detection. The idea is to invest into a gamut of varied technologies that
improve on areas that overlap with JAL’s activities. Through this initiative,
JAL aims at deriving synergies by adopting the technologies it invests in, and
implementing it across its manufacturing units.
The emergence of technology based start-ups is attributed to
the dynamism and the entrepreneurial spirit that exists in India, which offers
exciting opportunities for entrepreneurs as well as for investors. There is
tremendous scope for deriving benefits from the technology developed by
start-ups for the manufacturers in India. JAL is looking to invest upto INR 30
crores, if it deems it an unique investment opportunity.
According to Pragun Jindal, Managing Director, Jindal
Aluminium Ltd (JAL), “I think the biggest driving force for conglomerates such
as ours to fund start-ups, is the opportunity to be in tune with the latest
developments and technologies in India and globally as well. Ultimately, each conglomerate began its
journey as a start-up. Also I strongly believe that manufacturing companies
will have to embrace the digital age.
The ones that do not incorporate ‘smart manufacturing’ into their
operations, will eventually be competed out of the market. For us, this is an excellent way to kick
start this process. We are evaluating every opportunity that comes to us.
However, we have not found anything that has been compelling so far. We are,
however, actively searching and will take any opportunity if the nature of the
work aligns with ours.”
Tags: pragun Jindal khaitan, pragun Jindal,
pragun khaitan, Jindal aluminium limited, Jindal aluminium Bangalore, jindal
aluminium limited Bangalore, jindal aluminium limited ltd, jindal aluminium
company limited, jindal aluminium employee review
No comments:
Post a Comment