Indian Economy News

Adani signs agreement with Israel agency for access to technology

  • IBEF
  • August 5, 2022

Adani Enterprises and the Israel Innovation Authority (IIA), the public-funded organisation in charge of managing that nation's innovation strategy, signed a technology partnership deal on 4 August, 2022.

As the partnership promotes innovating projects, the memorandum of understanding (MoU) will establish a platform that will enable Adani Group businesses to access technological solutions offered by Israeli start-ups. Climate change, cyber, artificial intelligence, the internet of things, 5G, and agribusiness will all be a part of the collaboration.

The Adani group plans to digitally integrate its businesses through the development of a massive industrial operations cloud, the linking of its data centres via a network of submarine and terrestrial cables, industrial-grade 5G connectivity, the creation of the super app to provide a range of services to its 400 million consumers, and the establishment of a world-class AI centre of excellence.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.