IHC, Adani in alliance to tap India’s Rs 14.55 lakh cr digital economy

New Delhi: Adani Group and a unit of Abu Dhabi’s International Holding Company (IHC) have forged an alliance to seek deployment of artificial intelligence, internet of things and blockchain products to tap India’s $175 billion (Rs 14.55 lakh cr) digital economy.

“Adani Enterprises Ltd (AEL), through its wholly-owned subsidiary Adani Global Ltd and Sirius International Holding Ltd, a subsidiary of IHC, UAE, have entered an agreement to create a new joint venture named Sirius Digitech International Ltd, an entity based in Abu Dhabi,” AEL said in a statement.

Sirius JV will be owned 51 per cent by Sirius and 49 per cent by Adani.