This Electric Equipment Manufacturer and NAMTECH Collaborate to Launch India’s First School of Robotics – Complete Details Inside
The company’s shares have delivered an impressive return of around 95 per cent in just 1 year only.
ABB Robotics and New Age Makers’ Institute of Technology (NAMTECH) have signed a Memorandum of Understanding (MoU) to establish a School of Robotics. This pioneering collaboration aims to close the education gap in automation, advancing robotics skills and industry integration in India. This collaboration aims to bridge the education gap in automation and equip students with the expertise needed for Industry 4.0 and sustainable manufacturing.
Subrata Karmakar, President of ABB India's Robotics & Discrete Automation Division, emphasized the importance of investing in engineering and technical education to support India’s growing manufacturing sector. By combining ABB's robotics expertise with NAMTECH's innovative educational approach, the partnership aims to nurture talent and foster India's industrial growth.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
NAMTECH, structured around five specialized schools, including the School of Robotics, focuses on cutting-edge technologies and management principles. Each school collaborates with global academic partners and major industry players. The School of Robotics, in collaboration with ABB Robotics, will offer a hands-on, industry-driven curriculum, preparing students for careers in automation through international academic collaboration and advanced infrastructure.
In 2023, India installed a record 8,510 industrial robots, a 59 per cent increase from the previous year, underscoring the country’s growing automation potential. As robotics adoption in India is still in its early stages, the collaboration will play a pivotal role in addressing the shortage of robotics engineers, supporting India’s ‘Atmanirbhar Bharat’ vision, and creating a globally competitive talent pool.
NAMTECH’s alignment with industry leaders like ABB and its focus on developing a skilled workforce will position India as a global hub for robotics and smart manufacturing solutions, driving the future of automation and job creation in the sector.
Today the ABB India Ltd shares are trading at around Rs 7,463 each on the BSE. The company’s current market capitalization stands at Rs 1.58 lakh crore, and the shares have delivered an impressive return of over 90 per cent in the past 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.