Vedanta Spark and MeitY-Nasscom CoE sign MoU for Technology-based Innovations

Source: www.gulfoilandgas.com 6/19/2023, Location: Asia

Vedanta Spark, a global corporate innovation, accelerator & ventures program by Vedanta Group to promote tech start-ups, announced its collaboration with Ministry of Electronics & Information Technology (MeitY) and Nasscom’s Centre of Excellence (CoE) - IoT & AI, to accelerate the adoption of digital technologies led innovations.

The Vedanta Spark program aims to accelerate startups leveraging transformative & sustainable technologies to create large-scale impact in partnership with the Vedanta group companies and has already engaged 80 start-ups for more than 120 projects so far. The Nasscom CoE is known for its successful technology enablement accelerating the innovation requirements of large and mid-size businesses in the fields of healthcare and well-being, process, manufacturing, etc.

Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited & Non-Executive Director, Vedanta Limited, said, “Vedanta’s engagement with MeitY-Nasscom CoE will enable innovative startups to demonstrate & develop their products in our unique ecosystem. Vedanta Spark looks forward to bringing in value delivery across our operations with the goal of utilizing emerging technologies to find solutions that will contribute to long-term environmental, social, and economic sustainability.”

This partnership will explore the potential application of emerging technologies like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Augmented Reality (AR) / Virtual Reality (VR), among others, across different verticals of Vedanta Group. The collaboration with Nasscom CoE will also help the team at Vedanta Spark to optimize enterprise-level initiatives and processes. There is a vast pool of innovative companies through CoE that specialize in cloud infra optimisation, UAV-based solutions, data-based predictive approaches, and solutions capable of addressing specific problem statements related to enterprise concerns in real time.

“Digital-first and innovation-led approach has become a top priority for businesses today. Our partnership with Vedanta Spark is aimed at unlocking a new wave of innovation and business growth to address both the present and future needs of the customer. The partnership will support the development of cutting-edge technologies that will lead to interesting use cases across the mining, oil and gas sector. Nasscom CoE is actively working towards supporting an innovation ecosystem that includes start-ups, enterprises & academia to take forward the agenda of digitalization and creating the valuable insights that will help the industry and their consumers”, said Mr. Sanjeev Malhotra, CEO, MeitY-nasscom CoE.

The MoU was exchanged between Mr Sanjeev Malhotra, CEO, Nasscom Centre of Excellence for IoT and AI and Mr. Amitesh Sinha Head – Corporate Venture Capital & Vedanta Spark, Vedanta Limited.

Both teams committed to implement an agenda that will address the needs and work on the roadmap for the future technology sectors.


United States >>  2/22/2024 - Unanet, the leading provider of project-based ERP and CRM for the architecture, engineering and construction (AEC) industry, today announced that INF ...
United States >>  2/21/2024 - OZOP Plus, a subsidiary of Ozop Energy Solutions, Inc. (OZSC or the “Company”), announces the launch of its reimagined website, marking the debut of a...

United States >>  2/21/2024 - Lumin, the pioneer of responsive energy management solutions, today announced the pre-release of its newest residential load control platform, Lumin E...
United States >>  2/21/2024 - GE Vernova launched GridOS® Data Fabric, the first data fabric designed for grid orchestration, to help utilities operate a grid that is both smarter,...

United States >>  2/20/2024 -  Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery sys...
United States >>  2/20/2024 - Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, debuted today Itron Enterprise Edition (...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.