UST ties up with T-Works to boost Industry 4.0 innovation in manufacturing and automotive sectors
UST
, a
digital transformation
company, and
T-Works
,
India's largest prototyping centre
established by theTelangana government, have signed a Memorandum of Understanding (MoU) to support product development in manufacturing, semiconductor, and automotive industries.
The partnership aims to integrate UST's digital and AI capabilities with T-Works' prototyping infrastructure to provide end-to-end solutions for startups, MSMEs, and larger enterprises.
Collaboration to lower R&D costs
The agreement is expected to reduce research and development costs by up to 40 per cent through shared-risk innovation and joint intellectual property ownership. Combining digital prototyping with physical manufacturing is projected to speed up hardware-to-digital integration by as much as 45 per cent. UST will also offer its customers priority access to AI-optimised CNC workflows, early prototypes of GaN power devices, and subsidised use of semiconductor design resources.
Alexander Varghese
, Chief Operating Officer, UST, said, 'By bringing together physical manufacturing capabilities and digital simulation models, we're creating a 'phygital' innovation platform. This partnership drives faster and more cost-effective product development and supports startups and enterprises in scaling ideas into market-ready solutions.'
Joginder Tanikella
, Chief Executive Officer, T-Works, added, 'Combining UST's expertise in AI and digital engineering with our prototyping infrastructure marks a step towards advancing India's manufacturing and product development. Startups in the T-Works ecosystem will benefit from access to UST's global customer base, expanding their market reach.'
The MoU also includes joint development and commercialisation of new intellectual property such as 5G-enabled industrial IoT modules and the incubation of Industry 4.0 solutions through a UST-powered accelerator for automotive suppliers. UST will deploy resources at T-Works' prototyping facility, providing experience across product development stages.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
13 hours ago
- Time of India
State to use I-T data to weed out ineligible ‘Ladki Bahin' beneficiaries
1 2 3 Pune: State govt is set to conduct a comprehensive verification of beneficiaries under the Mukhyamantri Mazhi Ladki Bahin Yojana, leveraging income tax return data from the Central Board of Direct Taxes (CBDT) to ensure that the monthly Rs 1,500 aid reaches only economically weaker women. A notification issued by the CBDT on June 3 authorises the secretary of the state women and child development (WCD) department to access income tax (I-T) data under Section 138 of the Income Tax Act, 1961. The department has already formed a team to review the existing list of 2.5 crore applicants. Officials said the verification would help identify and remove ineligible claimants, particularly those from families with higher incomes or tax-paying members. Earlier, a scrutiny of around 2 lakh applications had revealed that 2,289 government employees had registered under the scheme. These names were promptly removed. State WCD minister Aditi Tatkare had described such verification as a routine and necessary process in the implementation of welfare schemes. The Ladki Bahin Yojana is targeted at women from low-income families, including married, widowed, divorced, abandoned and single, between the ages of 21 and 65. Eligible applicants must reside in Maharashtra, have an Aadhaar-linked bank account and belong to families with annual income below Rs 2.5 lakh. Women will be deemed ineligible if their family members are income taxpayers or are employed as regular or permanent staff in govt departments or public undertakings. Those receiving pensions, owning four-wheelers (excluding tractors) or already benefiting from other govt schemes of Rs 1,500 or more per month will also be excluded. Families of current or former MPs, MLAs or individuals holding top positions in govt boards or corporations are similarly disqualified. The officials said the integration of verified I-T data would make the screening process more accurate, reduce fraudulent claims and ensure that benefits reach the right individuals. At present, the department has 2.52 crore beneficiaries. "We have pushed the funds to accounts but it is likely that 2.47 crore would have received it," a source from the department said. Around Rs 3,719 crore was allocated for May under this scheme. CM Fadnavis says there is no diversion of funds from departments CM Devendra Fadnavis on Saturday told TOI that no funds from any govt department were diverted towards Ladki Bahin scheme. A section of ruling party politicians, as well as the opposition, had criticized state govt for alleged diversion of funds from key departments to sustain the Ladki Bahin scheme. On June 5, a social justice department GR stating diversion of Rs 410 crore had triggered further discussions. When asked, Fadnavis in a text message reply to TOI said, "All the schemes in which individual benefit goes to SC and ST are to be shown under tribal and social welfare department respectively. It is the budget principle and deputy CM Ajit Pawar, who is also the finance minister, while preparing the budget has showed the same. Hence, the budget given to both departments increased significantly. It's not that their regular funds are being diverted or utilised for this scheme. " Pune: State govt is set to conduct a comprehensive verification of beneficiaries under the Mukhyamantri Mazhi Ladki Bahin Yojana, leveraging income tax return data from the Central Board of Direct Taxes (CBDT) to ensure that the monthly Rs 1,500 aid reaches only economically weaker women. A notification issued by the CBDT on June 3 authorises the secretary of the state women and child development (WCD) department to access income tax (I-T) data under Section 138 of the Income Tax Act, 1961. The department has already formed a team to review the existing list of 2.5 crore applicants. Officials said the verification would help identify and remove ineligible claimants, particularly those from families with higher incomes or tax-paying members. Earlier, a scrutiny of around 2 lakh applications had revealed that 2,289 government employees had registered under the scheme. These names were promptly removed. State WCD minister Aditi Tatkare had described such verification as a routine and necessary process in the implementation of welfare schemes. The Ladki Bahin Yojana is targeted at women from low-income families, including married, widowed, divorced, abandoned and single, between the ages of 21 and 65. Eligible applicants must reside in Maharashtra, have an Aadhaar-linked bank account and belong to families with annual income below Rs 2.5 lakh. Women will be deemed ineligible if their family members are income taxpayers or are employed as regular or permanent staff in govt departments or public undertakings. Those receiving pensions, owning four-wheelers (excluding tractors) or already benefiting from other govt schemes of Rs 1,500 or more per month will also be excluded. Families of current or former MPs, MLAs or individuals holding top positions in govt boards or corporations are similarly disqualified. The officials said the integration of verified I-T data would make the screening process more accurate, reduce fraudulent claims and ensure that benefits reach the right individuals. At present, the department has 2.52 crore beneficiaries. "We have pushed the funds to accounts but it is likely that 2.47 crore would have received it," a source from the department said. Around Rs 3,719 crore was allocated for May under this scheme. CM Fadnavis says there is no diversion of funds from departments CM Devendra Fadnavis on Saturday told TOI that no funds from any govt department were diverted towards Ladki Bahin scheme. A section of ruling party politicians, as well as the opposition, had criticized state govt for alleged diversion of funds from key departments to sustain the Ladki Bahin scheme. On June 5, a social justice department GR stating diversion of Rs 410 crore had triggered further discussions. When asked, Fadnavis in a text message reply to TOI said, "All the schemes in which individual benefit goes to SC and ST are to be shown under tribal and social welfare department respectively. It is the budget principle and deputy CM Ajit Pawar, who is also the finance minister, while preparing the budget has showed the same. Hence, the budget given to both departments increased significantly. It's not that their regular funds are being diverted or utilised for this scheme. "
Time of India
14 hours ago
- Time of India
STPI-Hyderabad clocks Rs 1.4L cr software exports in FY 24-25
Hyderabad: IT units registered under Software Technology Parks of India (STPI) Hyderabad clocked software exports of around Rs 1,42,591 crore in the FY 2024-25, STPI director general Arvind Kumar said on Saturday on the occasion of STPI's 34th foundation day. STPI Hyderabad, which has a total workspace of 1.35 lakh sq ft under its purview, includes the main centre in Hyderabad and five sub-centres at Kakinada, Tirupati, Vijayawada, Visakhapatnam, and Warangal. "In 2024-25, the exports done by STPI registered units across India reached over Rs 10 lakh crore," the STPI director general said, pointing out that STPI, which started in 1991 with just three centres, today has 67 centres across the country, including 59 in tier-II and tier-III cities. It is now working on dispersing the IT industry to tier-II and tier-III cities of the country to ensure inclusive growth, he said. He said STPI is also nurturing the tech startup ecosystem in the country through 24 centres of excellence (CoEs) and the Next Generation Incubation Scheme (NGIS) and has supported over 1,400 startups. "Startups empowered through the STPI ecosystem have raised funds of over Rs 574 crore from investors so far," he said, adding that 44% of startups under STPI's umbrella are led by women entrepreneurs, many of whom are from small-town India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mix 4 Kitchen Ingredients, Wake Up Thinner Every Morning Vinegar Health Learn More Undo STPI Hyderabad also houses two of these STPI CoEs — IMAGE and Kalpataru. While IMAGE is dedicated to gaming, animation, VFX, computer vision, and AI and operates from a 10,000 sq ft facility, Kalpataru is focused on Industry 4.0 and provides infrastructure, mentorship, funding access, and go-to-market support to promote tech-led manufacturing and the 'Make in India' vision. IMAGE and Kalpataru CoEs have successfully nurtured 92 and 42 startups, respectively, so far, he said. STPI offers India's tech industry 17 lakh sq ft of workspace, five Tier-3 data centres, state-of-the-art labs, SAYUJ - Startup Community Network, Ananta - STPI Cloud Services, and schemes such as BPO Promotion Schemes and Electronics Manufacturing Cluster (EMC). Set up on June 5, 1991, under the Societies Registration Act, 1860, STPI functions under the Union Ministry of Electronics & IT (MeitY) and implements the Software Technology Park (STP) and Electronics Hardware Technology Park (EHTP) schemes.
Time of India
17 hours ago
- Time of India
State to use I-T data to remove ineligible Ladki beneficiaries
Pune: State govt is set to conduct a comprehensive verification of beneficiaries under the Mukhyamantri Mazhi Ladki Bahin Yojana, leveraging income tax return data from the Central Board of Direct Taxes (CBDT) to ensure that the monthly Rs 1,500 aid reaches only economically weaker women. A notification issued by the CBDT on June 3 authorises the secretary of the state women and child development (WCD) department to access income tax (I-T) data under Section 138 of the Income Tax Act, 1961. The department has already formed a team to review the existing list of 2.5 crore applicants. Officials said the verification would help identify and remove ineligible claimants, particularly those from families with higher incomes or tax-paying members. Earlier, a scrutiny of around 2 lakh applications had revealed that 2,289 government employees had registered under the scheme. These names were promptly removed. State WCD minister Aditi Tatkare had described such verification as a routine and necessary process in the implementation of welfare schemes. The Ladki Bahin Yojana is targeted at women from low-income families, including married, widowed, divorced, abandoned and single, between the ages of 21 and 65. Eligible applicants must reside in Maharashtra, have an Aadhaar-linked bank account and belong to families with annual income below Rs 2.5 lakh. Women will be deemed ineligible if their family members are income taxpayers or are employed as regular or permanent staff in govt departments or public undertakings. Those receiving pensions, owning four-wheelers (excluding tractors) or already benefiting from other govt schemes of Rs 1,500 or more per month will also be excluded. At present, the department has 2.52 crore beneficiaries. "We have pushed the funds to accounts but it is likely that 2.47 crore would have received it," a source from the department said. Around Rs 3,719 crore was allocated for May under this scheme. Meanwhile, CM Devendra Fadnavis on Saturday told TOI that no funds from any govt department were diverted towards Ladki Bahin scheme.
