Saturday, Apr 20 2024 | Time 09:44 Hrs(IST)
image
Business Economy


Amara Raja, Blaze Automation announce signing of JV agreement to set up ARBT

Amara Raja, Blaze Automation announce signing of JV agreement to set up ARBT

Hyderabad, Jul 27 (UNI) Amara Raja Group and Blaze Automation on Monday announced that they have signed a Joint Venture (JV) agreement to set up Amara Raja Blaze Technologies Private Limited (ARBT).

This JV will leverage their combined strengths and cumulative experience spanning over three decades to innovate, develop and manufacture IoT devices for the world market, Amara Raja said in a release here.

Blaze Automation, an Internet of Things (IOT) company with offices in USA, India and Australia, is a leader in delivering IoT devices to the global market.

The JV will be a Full-Service Provider of "Concept-to-Product" and will set up a Center of Excellence (COE) focusing on product Innovation and world-class Manufacturing services for IoT based devices.

The COE will help its global customers every step of the way from proof of concept to the prototyping and mass manufacturing of new products related to Home/Building Automation, Intelligent Lighting, Enterprise Automation, Energy Management, Elderly care and Wearable devices.

ARBT's Faster and Better (FAB) Methodology ensures an unwavering focus on providing the highest quality of IoT devices at optimum costs.

Objective dovetail into Prime Minister Narendra Modi’s vision of “Atmanirbhar Bharat”, the JV will start delivering “Made in India” products to its customers as early as September 2020.

Amara Raja Group Vice-Chairman Jayadev Galla, said “We are happy to announce this strategic partnership with Blaze. We will lend our expertise and capabilities in the manufacturing space and leverage Blaze’s design credentials to provide turnkey solutions that are both made and designed in India.”

This JV will deliver on its promise of faster ‘time to market’ for innovative IoT products for our global customers. We are extremely confident that this partnership also delivers on the promise of self-sufficiency in achieving 100 per cent ‘Made in India’ IoT products” said Arjun Valluri, Chairman Blaze Automation.

UNI KNR CS 1515

More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image