The Indo-Russian joint venture in Artificial Intelligence(AI) and internet of Things (IoT) are expected to take off this year,with the Zyfra digital technologies to provide Indian companies with the AI and IoT.
Igor Bogachev, the Chief Executive of Zyfra, which has supplied Indian manufacturers with AI and IoT-based solutions, as well as autonomous vehicles, said the Indian sectors with most potential to adopt the AI and IoT solutions are metallurgy, transportation, aerospace and petrochemical industries.
“India is of great interest to companies in the field of the industrial Internet of Things and this year we hope to see first projects in this area being implemented jointly with Russia,” Bogachev said.
Last year Zyfra won $3 million contracts with the Indian companies and plans to increase the deals to $50 million by the year 2021.
The company has a list of dealers including Spudweb, Abcon Group, Parivartan Automation, Agaram Infotech, Wimerasys, Nortech Trinity and Mascot Tools.The company will be planning to create start new team up with five more joint projects including for production of farm machinery, as well as for manufacturing components for aerospace divisions of both Boeing and Rolls-Royce.
Being founded in 2017, the private sector Zifra’s clients in Russia include giants like Gazprom, Chelpipe, NLMK Group.