The Indian Institute of Technology Madras has established a Centre for Tech Excellence to cater to the micro, small and medium enterprises with support from Walmart.
The centre aims to train MSME units in the use of artificial intelligence and internet of things technology quickly and effectively to develop their business. An agreement to this effect was signed on Wednesday.
Institute Director V. Kamakoti said the MSMEs, which determine 30% of the Indian industry sector, required guidance to deploy technology. In the coming years, Indian companies would have to adhere strictly to Sustainable Development Goals for which the MSMEs must be equipped, he said.
