Amara Raja and Blaze come together to develop, manufacture IoT devices
According to news reports, Amara Raja Group joined hands with Blaze Automation to set up a joint venture (JV) to develop and manufacture IoT devices for global markets. The companies have inked an agreement to set up a JV entity Amara Raja Blaze Technologies Pvt Ltd (ARBT).
The JV firm will leverage combined strengths and cumulative experience of the two companies to innovate, develop and manufacture IoT devices, according to official statement. As per reports, the JV will start delivering Made in India products to its customers as early as September 2020. COVID-19 crisis has disrupted economies worldwide and with recent India-China border tensions, Indian government is pushing ‘Make in India’ initiative to bolster domestic manufacturing.
Moreover, automation in manufacturing is gaining traction in the COVID era due to concerns around social distancing measures and shortage of skilled labour.