Stating that India is the second largest steel industry in the world and also one of the fastest growing industries RINL’s CMD Mr Atul Bhatt emphasised the need for automation in the sector.
‘Automation in the steel industry is the need of the hour and the scope for automation and robotics is immense. Some of the equipment developed by startups will give return on investment by RINL very fast as they help in energy savings and will also help in running the process safely”, said Mr Bhatt.
The CMD was addressing an ‘Open challenge progam 2.0’ which is the second program in the series of OCP programs that are being launched by its Kalpataru-CoE (Centre of entrepreneurship). This is an open challenge program for selecting the startups in the field of Industry 4.0 technologies.
The project, CoE (Centre of Excellence) on Industry 4.0, is being taken up jointly by STPI (software technology park of India) , MeitY(Ministry of Electronics & IT) and RINL, and Govt. of AP.
The CoE will have an IIOT (Industrial Internet of Things) lab, an Industrial Automation Lab with AI & ML (Artificial intelligence & Machine learning) and AR & VR (Augmented Reality and Virtual reality) lab, one more industrial automation Lab with Robotics and Drone, a third Industrial automation lab with Robotics and 3D printing.
The CoE will incubate around 175 start-up companies over a period of 5 years. 50 startup companies will be incubated in physical mode and 125 companies will be incubated in Virtual mode.
Mr CVD Ram Prasad, Director STPI Hyderabad & Dr. Suresh Batha, Additional Director and Officer In charge, informed how STPI and STPINEXT through their Centre of Entrepreneurship and NGIS (Next Generation Incubation Schemes) is encouraging startups to grow.
Ms. Vyshali Sagar, Program manager AWS (Amazon web services) spoke on how AWS is helping startups to develop products/solutions using AWS.
The program was also attended by Mr A.K. Bagchi, Director (Projects) & additional charge Director (Operations) RINL and Member of PMG- Kalapataru.