Russian Firm Zyfra Eyes US$50 Mn Deals With Indian Firms by 2021

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The company has already set deals worth more than $2.5 million with SPUDWEB Technologies, Abcon Group as well as 10 other companies

Zyfra, Russia-based digital solutions provider which works to improve the Industrial Internet of Things (IIoT) and artificial intelligence (AI) environment, is planning to reach the target of US$ 50 million in India-related contracts by the year 2021.

Zyfra has managed to reach US$ 3 million in deals with its counterparts in India in 2018, the company said in a statement.

This year, the company has supplied Internet of Things (IoT) and AI-based solutions as well as autonomous vehicles to Indian industrial manufacturers, it said.

The company has already set deals worth more than $2.5 million with engineering software company SPUDWEB technologies, digital scales supplier Abcon Group as well as 10 other companies.

Need for digitalisation

Speaking about the development,  Zyfra MD’s Managing Director Pavel Rastopshin said, “India is an important industrial hub. The need for digitalisation is really high here as the country tends to solve various tasks, namely to increase production efficiency, cut costs, improve the quality of the final product and to save working places at the same time.”

Earlier in 2018, the company launched its manufacturing data collection (MDC) plus system in the country.

As modern manufacturing processes produce a huge amount of data, manufacturing data collection is a major component of modern manufacturing process that helps the organisations to monitor and control costs.

MDC plus system is used for real-time machine monitoring. It has hundreds of customisable charts and reports that can be utilised for tracking jobs, operations, parts, scrap costs, work centres, downtime and people.

Zyfra, which was founded in 2017, has a subsidiary in India. The company plans to get into deals with Indian companies which are working in the fields of machine-building, steelmaking and aircraft.

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