Connect with us

Headlines of the Day

Adani, IHC collaborate on AI to tap India’s $175 billion digital economy

Adani Group and a unit of Abu Dhabi’s International Holding Company (IHC) have forged an alliance to seek deployment of artificial intelligence, internet of things and blockchain products to tap India’s $175 billion digital economy.

“Adani Enterprises Ltd (AEL), through its wholly-owned subsidiary Adani Global Ltd and Sirius International Holding Ltd, a subsidiary of IHC, UAE, have entered an agreement to create a new joint venture named Sirius Digitech International Ltd, an entity based in Abu Dhabi,: AEL said in a statement.

Sirius will be owned 51 per cent by Sirius and 49 per cent by Adani. “Sirius JV will capitalise on global digital transformation expertise of Sirius and Adani’s strategic insights to focus on leading the $175-billion opportunity in digitalisation of the Indian economy,” a statement said. PTI

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!