The National Association of Software and Services Companies (NASSCOM) through its Centre of Excellence – IoT & AI (CoE) has signed a Memorandum of Understanding (MoU) with Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry.
Under this MoU, NASSCOM CoE and ACMA will collaborate on multiple areas related to digital-technology adoption in the auto components industry and work on common agenda to foster the innovation ecosystem.
The association will enable smooth adoption of new age technologies that will help to build a robust framework for technology adoption as also facilitate innovative product development in the auto component space.
The collaboration will focus on three aspects – Awareness, Education and Adoption to enable smooth digital journey of the auto component industry. It will also support the sector to harness digital technologies like AI, ML, Advance Robotics, AR/WR wearables, RFID, Blockchain, IoT and Digital Payments.
Commenting on the association, Sanjeev Malhotra, CEO, NASSCOM Center of Excellence said, “One of the most important goals of the NASSCOM CoE is to foster innovation in digital transformation and explore how they can impact outcome, workflow and operations in different industry segments like manufacturing, auto etc. The MoU we have signed with ACMA is important to foster collaboration and innovation for their member companies in building skills essential to remain ahead of the curve & stay globally competitive.”
Vinnie Mehta, Director-General, ACMA said, “We are pleased to collaborate with NASSCOM CoE. The partnership will help the Auto Component industry in its Digital Transformation and to be future ready. The outcome of this partnership is expected to create advanced skills and development of intellectual property industry wide, in line with the vision of Digital India. The Digital Committee of ACMA will also play an important role in this initiative.”
NASSCOM CoE and ACMA will jointly conduct events and workshops to raise awareness about the existing and new opportunities to drive adoption of deep tech within the industry ecosystem. It will enable the members of ACMA to access the latest innovative products and solutions from the start-ups incubated by CoE and from the extended eco-system.
There will be curated workshops in areas like problem solving application and innovations for group of members and development of white papers related to deep-tech adoption within the ecosystem. More thrust to accelerate innovation through co-creation will be laid for fast track discovery and application of innovative solutions for the auto component players.
