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Business Economy

Indian, Malaysian industry research bodies to work jointly on automation, robotics

Chennai, Mar 14 (UNI) Top industry and research bodies from India and Malaysia on Thursday reached an understanding to take their manufacturing at the next level of automation with the help of robotics, artificial intelligence, machine learning and Internet of Things.
The MoU to this effect was signed between Engineering Export Promotion Council (EEPC) India and the Malaysian Automotive, Robotics and IOT Institute (MARii) at the International Engineering Sourcing Show, which opened here.
Briefing media , CEO of MARii, Dato Madani Sahari said, the prestigious industry and trade bodies of the two countries would facilitate joint efforts for technology development and adoption.
"Both Malaysia and India have high level of capabilities of automotive sectors". He said India can access the entire ASEAN market , leveraging Malaysia.
Impressed with the reputation of Indian professionals in sectors like IT and automation, Dato Madani Sahari said , the two countries would extend cooperation in the human development for mutual benefits.
The MoU between EEPC India-MARI recommends investment in robotics, automatives and the related areas and would encourage and identify companies from their respective countries for joint ventures.
EEPC India Chairman Ravi Sehgal said with the US and several countries in Europe becoming restrictive, India has to look for alternative avenues of trade and investment and Malaysia is the best fit in this direction.
As a Partner Country, Malaysia has fielded a strong presence at the IESS with over 100 Malaysian companies reaching out to their counterparts in India and other parts of the world. Moreover, Malaysia has reached an understanding with the EEPC India, the organiser of the flagship programme, supported by the Union Commerce Ministry, for being the Partner Country for three years.
Over 400 delegates from 52 countries are attending the IESS -VIII , with 300 exhibitors. Tamil Nadu is hosting the event for the third time in a row.
More News

Panacea Biotec receives USFDA approval for manufacture, supply of Azacitidine for US market

22 May 2019 | 12:53 PM

Mumbai, May 22 (UNI) Pharma Major, Panacea Biotec said that company's Oncology Parenteral Formulation Facility at Baddi, Himachal Pradesh has received United States Food & Drug Administration (USFDA) approval for manufacture and supply of Azacitidine Injection, 100 mg/vial, for the US market.

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Dynamic Cables Ltd bags two orders worth Rs 32 cr

22 May 2019 | 12:35 PM

Mumbai, May 22 (UNI) Dynamic Cables Limited on Wednesday said company has bagged two orders worth Rs 32 crores (inclusive of GST) from one of the largest domestic EPC company of India.

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Chennai Oil Market Rates

22 May 2019 | 11:57 AM

Chennai, May 22 (UNI) Following are the rates in the
Chennai Oil Market here today.

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Wholesale prices of Oils, Sugar, Commodities in APMC

22 May 2019 | 11:57 AM

Bengaluru, May 22 (UNI) Following were the wholesale prices in the
Bengaluru APMC here on Wednesday.

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Major currencies down

Major currencies down

22 May 2019 | 11:47 AM

Mumbai, May 22 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit.

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