India’s Reliance Group, through its IoT-focused subsidiary Unlimit, has entered a strategic partnership with China’s Fibocom to bring wireless modules and solutions for IoT and the mobile internet to the Indian market.
The partnership will be dedicated to design and manufacture of wireless modules and developing IoT solutions to enable secure communications for IoT applications.
The companies will combine 2G, 3G and 4G wireless modules with positioning technology, service delivery platforms for M2M applications and device management platforms.
“With the number of connected devices in India projected to rise from 200 million today to 3 billion by 2020, nearly every part of the economy will be positively impacted by IoT,” commented Jurgen Hase, CEO of Unlimit, India’s first company solely dedicated to providing IoT solutions for enterprises.
“We are delighted to partner with Fibocom to unlock the full potential of the Internet of Things for our customers, thereby making the benefits of IoT virtually unlimited.”
Recent analyst reports predict that India’s IoT market will grow at a CAGR of 28% over the next 5 years, with early benefits expected in sectors including transport, healthcare, buildings, factories, agriculture and utilities.
“With the extensive customer base and channel network of Fibocom, China’s innovative design and famous applications will be brought to the Indian market, thus accelerating the realization of the ‘Digital India’ plan,” Fibocom VP Qi Guangzhi added.