Posted by New Delhi: Vedanta Spark, a global corporate innovation, accelerator and ventures programme by Vedanta Group announced its collaboration with the Ministry of Electronics & Information Technology (MeitY) and Nasscom CoE – IoT and AI, to drive the adoption of digital technologies led innovations.
The Vedanta Spark programme aims to accelerate startups leveraging transformative and 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 technology enablement, driving the innovation requirements of large and mid-size businesses in the fields of healthcare and well-being, process, manufacturing, etc.
“Vedanta’s engagement with NASSCOM CoE will enable innovative startups to demonstrate and develop their product in our unique ecosystem. Vedanta Spark looks forward to bringing in accelerated value delivery across our operations with the key goal being to utilise emerging technology to find solutions that will contribute to long-term environmental, social, and economic sustainability,” Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited and Non-Executive Director, Vedanta Limited.
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 optimise enterprise-level initiatives and processes.
“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 startups, enterprises and academia to take forward the agenda of digitalisation and creating the valuable insights that will help the industry and their consumers,” said Sanjeev Malhotra, CEO of MeitY-nasscom CoE.
Amitesh Sinha, Head of Vedanta Spark and Sanjeev Malhotra, CEO, MeitY-Nasscom CoE, signed the MoU in the presence of the Nasscom CoE team from Bangalore. Both teams committed to implementing an agenda that will address the needs and work on the roadmap for the future technology sectors.