Pragun Jindal Khaitan, MD of Jindal Aluminium Ltd (JAL), the largest aluminium extruder in India, has recently announced his plan to invest in AI focused start-ups.
Over the past two years, the positive upsurge in start-ups focussed on AI based technology has encouraged JAL to fund start-ups focussed on developing technologies that automate and improve the efficiency of manufacturing operations.
JAL is looking to invest even up to Rs30 crore, if it deems it an unique investment opportunity. It is interested in AI based start-ups that are focussed mainly on two areas - streamlining the manufacturing operations or in helping to improve B2B customer relations; along with start-ups which can enhance corporate services like HR and auditing/fraud detection.
The idea is to invest into a gamut of varied technologies that improve on areas that overlap with JAL’s activities. Through this initiative JAL will also derive synergies by adopting the technologies it invests in, and implementing it across its manufacturing units.
(Continued on the next page)