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Pragun Jindal Khaitan to invest in AI based startups

By Niranjan Mudholkar,

Added 06 January 2017

To fund start-ups focused on developing AI technology for automating manufacturing operations

According to Pragun Jindal, Managing Director, Jindal Aluminium Ltd (JAL), "Based on what I have seen so far, there are some excellent ideas and developments in the start-up world which are focused on manufacturing. I think the biggest driving force for conglomerates such as ours to fund start-ups, is the opportunity to be in tune with the latest developments and technologies in India and globally as well.  Ultimately, each conglomerate began its journey as a start-up. Also I strongly believe that manufacturing companies will have to embrace the digital age.

"The ones that do not incorporate ‘smart manufacturing' into their operations, will eventually be competed out of the market.  For us, this is an excellent way to kick start this process. We are evaluating every opportunity that comes to us. However, we have not found anything that has been compelling so far. We are, however, actively searching and will take any opportunity if the nature of the work aligns with ours."

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