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Business Economy

BEML signs MoUs with IIT Kanpur, NASSCOM- CoE

Bengaluru, Aug 14(UNI) BEML teamed up with IIT Kanpur in the field of UAV and NASSCOM-CoE (Centre of Excellence) for AI & IoT related areas in the virtual presence of Rajnath Singh, Hon’ble Raksha Mantri on Friday.
CMD BEML Deepak Kumar Hota exchanged the signed copies with CEO NASSCOM Sanjeev Malhotra, and Dean, IIT Kanpur A R Harish, after signing the MoUs, a statement said here.
BEML will collaborate with IIT Kanpur for joint indigenous development of Pilotless Target Aircraft (PTA) and tactical Unmanned Aerial Vehicles (UAV).Both the organizations will synergize respective capabilities and undertake feasibility study, design & development, testing & validations of UAV & PTA. The jointly developed products would substitute the currently imported UAVs & PTAs and aims to achieve self-reliance at a reduced cost.
This will also help to foster innovation and technology development in Defence & Aerospace by engaging various Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.
This will enable BEML to achieve a quantum jump in Defence & Aerospace Business and provide a big thrust in ‘Atmanirbharta’ in the Defence Sector. The potential customers will constitute of Armed Forces, Paramilitary & Civilian, the statement further said.
BEML – NASSCOM tie-up aims at technical support for implementation of Artificial Intelligence (AI) and Internet of Things (IoT) in BEML products and to set up incubation centre for start-ups with a view to achieve self-reliance and foster innovation & technological development in Defence & Aerospace by engaging various Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia. Over the years, AI has been driving business in multiple ways such as increased customer engagement, optimising training costs, providing personalized customer support, deriving reams of data on customer behaviour to streamline business process optimization and provide round-the-clock customer support services. In addition, AI & IoT will bring about sea change to company’s manufacturing processes.
The MoU between BEML & NASSCOM will enable BEML to achieve its vision to remain abreast with cutting edge technology and to be a market leader.
Chief of Defence Staff, Gen. Bipin Rawat, PVSM, Secretary (Defence Production) and other senior officials were present on the occasion.
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Telangana Minister to present FTCCI excellence awards in Hyderabad on Jan 23

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