The partnership will be dedicated to design and manufacture wireless modules and provide IoT solutions to enable secure communications among machines, equipment, vehicles and assets over wireless networks. It will also bring in a unique competence in combining 2G, 3G and 4G wireless modules with positioning technology, service delivery platforms for M2M applications and device management platforms in a trusted environment.

"With the extensive customer base and channel network of Fibocom, China's innovative design and famous applications will be brought to the Indian market, thus accelerating the realization of the ‘Digital India' plan," Qi Guangzhi, Vice-President, Fibocom, said.

The Indian market has the perfect ecosystem to fully exploit the benefits of IoT, with a growing necessity to efficiently manage public and commercial services for a large number of diverse consumers and enterprises at an affordable cost. Recent analyst reports predict that IoT will grow at a CAGR of 28% over the next 5 years, resulting in technology implementation in India leapfrogging even that of established economies. Early benefits are anticipated in diverse sectors such as transport, wellness, healthcare, buildings, homes, factories, agriculture, livestock, electric grids and water supply networks.

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