Jindal Aluminium plans to fund AI focused start-ups

<p>Jindal Aluminium Ltd (JAL), the leading manufacturer of aluminium extruded profiles in India, announced that the company plans to invest upto INR 30 crores in AI focused start-ups for first-rate investment prospects.&nbsp; With the emergence of AI based technology start-ups in the last two years, JAL plans to invest start-ups focussed on developing technology for improving manufacturing operations through automation.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/jindal.jpg" alt="News" width="517" height="226" /><br />JAL is interested to fund AI based start-ups that mostly concentrates 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.&nbsp; Their intention is to invest into a range of varied technologies that improve on areas that are related to JAL&rsquo;s operations. JAL is planning to bring about synergies by adopting the technologies it invests in by implementing it across its manufacturing units.<br /><br />{googleAdsense}<br /><br />Managing Director of Jindal Aluminium Ltd (JAL), Pragun Jindal, said &ldquo;Based on what I have seen so far, there are some excellent ideas and developments in the start-up world which are focused on manufacturing. I think the biggest driving force for conglomerates such as ours to fund start-ups, is the opportunity to be in tune with the latest developments and technologies in India and globally as well&rdquo;.<br /><br />Jindal Aluminium Ltd. was formed in 1968, the only aluminium company in India having 11 aluminium extrusion presses in India with highest production in the country.</p>