Adani Group and International Holding Company (IHC) have formed an alliance to seek deployment of artificial intelligence (AI), internet of things (IoT) and blockchain products to tap India’s $175 billion digital economy.
Adani Enterprises Limited (AEL), through its wholly-owned subsidiary Adani Global Limited and Sirius International Holding Limited, a subsidiary of IHC, have entered an agreement to create a new joint venture (JV) named Sirius Digitech International Limited. Sirius JV will be owned 51 per cent by Sirius and 49 per cent by Adani.
Sirius JV will capitalise on the global digital transformation expertise of Sirius and Adani’s strategic insights to focus on leading the $175 billion opportunity in the digitalisation of the Indian economy. This digital opportunity is rapidly evolving to become a $1 trillion market by 2030.
Further, Sirius JV intends to commence deployment of cutting-edge AI and enterprise blockchain products and services for industrial applications while leveraging Adani Group’s vast industrial testbed to validate and scale its solutions.
