ISLAMABAD: GE (NYSE: GE) and Engro Corporation Limited yesterday initiated a strategic alliance, which will make Engro a key digital industrial partner for GE in Pakistan and the region.
On the occasion, CEO Engro Powergen Qadirpur Limited, Jahangir Piracha said, "Engro remains resolute in its commitment to develop the local energy sector by introducing technological platforms that can enhance our domain expertise, said in statement issued by Engro here on Thursday.
He said with GE, Engro aims to implement and provide these customized digital solutions to a broad base of industrial partners in Pakistan, which will help develop a more digitally competitive industry whilst simultaneously enhancing operational performance across the board."
"GE has been a committed partner in Pakistan's growth story for more than 50 years," said Sarim sheikh, President and CEO for GE Pakistan and Central Asia.
"The solutions that will be introduced into the country and others that will be developed in Pakistan through this agreement with Engro will result in further development of the software innovation ecosystem in the country." he said.
Engro is one of Pakistan's leading conglomerates with investments in agriculture, fertilizers, foods, energy, chemical storage and petrochemicals.
Engro in collaboration with GE will together acquire the latest cloud technologies that will help enable Pakistan's power generation sector to leapfrog more mature technologies and become part of a global digital power transformation that is expected to create $1.3 trillion in value between now and 2025.
Engro and GE will also jointly develop new software applications on GE's Predix platform for the Industrial Internet to address industries not currently served by GE in which Engro has deep domain expertise."
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