EEPC signs MoU with Malaysian automotive sector body
VISAKHAPATNAM: Top industry and research bodies from India and
Malaysia on Thursday reached an understanding to take their
manufacturing to the next level of automation with the help of robotics,
learning and Internet of Things. A MoU to this effect was
signed between EEPC India and the Malaysian Automotive, Robotics
and IOT Institute (MARii) at the International Engineering Sourcing
Show (IESS), which opened here.
Dato Madani Sahari, CEO of MARii, said the prestigious industry and trade bodies of the two countries would facilitate joint efforts for technology development and adoption. "Both Malaysia and India have high level of capabilities in automotive sectors," he said. He said India can access the entire ASEAN market, leveraging Malaysia.
The MoU between EEPC India-MARii recommends investment in robotics, automotives and the related areas and would encourage and identify companies from their respective countries for joint ventures, a press statement by EEPC India said.
EEPC India chairman Ravi Sehgal said with the US and several countries in Europe becoming restrictive, India has to look for alternative avenues of trade and investment and Malaysia is the best fit in this direction.
As a partner country, Malaysia has fielded a strong presence at the IESS with over 100 Malaysian companies reaching out to their counterparts in India and other parts of the world. Moreover, Malaysia has reached an understanding with the EEPC India, the organizer of the flagship programme, supported by the Union commerce ministry, for being the partner country for three years.
Over 400 delegates from 52 countries are attending the eighth IESS, with 300 exhibitors.