Canada and India have taken the initial steps for partnership in technologies of future such as AI, automation, robotics and big data analytics
Engineering industries of India and Canada signed memorandum of understanding (MoU) to collaborate in future technologies such as artificial intelligence (AI), Internet of Things (IoT), robotics and automation.
Engineering Export Promotion Council of India (EEPC) and Tools and Gauge Manufacturers’ Association of India (TAGMA) have signed MoUs with Canadian Association of Mold Makers (CAMM) and the Windsor Essex Economic Development Corporation (WEEDC), EEPC said in a statement.
First step for partnership
Canadian Consul General in India, Annie Dub, said that Canada and India have taken the initial steps for partnership in technologies of future such as AI, automation, robotics and big data analytics.
Canada is well-placed globally in terms of research and development (R&D) in new and emerging technologies like advanced analytics, additive manufacturing, big data, robotics, automation, AI, IoT and process digitisation across the complete business value chain, she said.
MoUs to set up institutional framework
Commenting on the development, Ravi Sehgal, Chairman, EEPC India, said, “The MoUs set up an institutional framework for member organisations of leading industry associations in India and Canada to collaborate for opportunities in Indian market as well as globally. The engineering industry in India is transforming itself in terms of operational efficiency and technology. The cutting-edge technologies would play a decisive role.”
L. Dhingra, Regional Chairman, EEPC India said that the trade between the two countries is likely to increase two-fold to US$ 10 billion in the coming three years and the signed MoUs can help in this direction.
Rakesh Naidu, Chief Operating Officer, Windsor-Essex Economic Development Corporation said, “We have identified certain areas of interest and will work collectively to take this forward. This is the right time for both the countries to work together.