Adani enterprises limited subsidiary enters into joint venture with UAE-based IHC for AI, IoT, Blockchain – IndiaTimes

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AHMEDABAD: Adani Global Limited, a wholly-owned subsidiary of the diversified conglomerate’s flagship company – Adani Enterprises Limited, on Thursday announced it has entered into a joint venture agreement with UAE-based International Holding Limited (Sirius). Sirius is a subsidiary of International Holding Company (IHC). The joint venture with 51% stake by Sirius and 49% stake by AEL, is aimed at deploying artificial intelligence (AI), internet of things (IoT) and secured blockchain products for industrial applications.
The closure of the transaction will be after satisfactory closing conditions and is subject to necessary approvals.
“Sirius JV will capitalise on the global digital transformation expertise of Sirius and Adani’s strategic insights to focus on leading the $175-billion opportunity in digitalization of the Indian economy,” Adani said in a statement, adding that this transformation is going to become a $1 trillion market by 2030.
The joint venture partnership will deploy an integrated ecosystem of digital platforms by leveraging the expanding power of artificial intelligence (AI), Internet of Things (IoT) and Secured Blockchain Products across infrastructure industries and extending to areas that include FinTech, HealthTech and GreenTech.
“We believe that Sirius’s expertise and Adani’s dynamic approach will be instrumental in empowering businesses to thrive in the digital era with advanced technologies that optimize industries, streamline processes and foster growth,” said a Sirius spokesperson.
“Inexpensive sensorization and the power of AI are opening up new ways to drive extreme levels of efficiency, ensure real-time decision making, and rapidly deploy transformative business models. The power of computing and the ability to deliver green energy to data centers creates a unique combination of strengths that we bring to this partnership with Sirius International Holding which has a portfolio of the most exciting digital companies relevant in today’s era,” an AEL spokesperson said in a statement.

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