Technology firm Smartron will invest Rs 100 crore in Chhattisgarh for setting up of research and development (R&D) and manufacturing operations in the State.
Backed by cricket icon Sachin Tendulkar, the company aims to bring smart technology and product ecosystem so that technological framework of the state can be strengthened.
“The MoU is for a period of two years. Smartron will invest Rs 100 crore in setting up R&D and manufacturing in the state,” said Smartron founder and Chairman Mahesh Lingareddy.
The State Government is hopeful that this deal will bring in a number of smart technologies, jobs and manufacturing and product ecosystems to the State.
“We look forward to partnering with the government of Chhattisgarh to transform the state’s technological infrastructure and deliver highly intelligent and personalised services in the areas of health, home, education, governance, infrastructure, agriculture and energy,” he said.
Smartron will be a part of Smart City project. It will also participate in various government initiatives like the Smart City project, SKY programme.
The company has already raised about Rs 150 crore from investors in the US and the Middle East.
It is working towards building an ecosystem of Internet-connected devices that would include smartphones, smartbands, home security products and an electric two-wheeler.