Awesense Five Pvt Ltd has now been established by renowned electronic industry personalities to juggernaut sensors technology.
Awesense Five Pvt Ltd’s main objective is to develop and manufacture sensors and also research vital sensor technology and their applications.
With the growth of smart and connected devices, the need for advanced sensors has become critically important. Awesense Five Pvt Ltd aims to create an indigenous research and manufacturing hub for sensors to curb the dependency on imports.
Also, sensors given their nature can bring security threats through sensor networks and sensor nodes, recognizing this, the group has emphasised the need to prioritise and invest efforts in manufacturing sensors locally, said N Ramachandran, Managing Director of the Chennai-based MEL Systems and Services Ltd, and one of the investors in the new venture.
The announcement of the formation of Awesense Five Pvt Ltd came amidst ‘Mangaluru Technovanza 3.0’ organised by the Karnataka Digital Economy Mission (KDEM).
“In Mangaluru, we have around 4 acres of land. We want to build an IT (information technology) park of around 4 lakh sq ft in that location,” affirmed Ramachandran.
The proposed project of Awesense Five will also have a skill development and a centre for excellence noted the tech veteran.
The Awesense Five Pvt Ltd to take real shape in the coming six months if KEONICS gets all the technicalities cleared.
Indicating that the project will be taken up under PPP (public-private partnership) model, Bachegowda said: “We want to monetise the assets under us. We want to make sure that this low-hanging fruit is encashed as early as possible.”
Earlier speaking at ‘Mangaluru Technovanza 3.0’, he said Mangaluru is a city with an enterprising spirit. The region has been a birthplace for entrepreneurs across various sectors, including fintech, food and beverage, hospitality, and health tech, among others.
He said achieving a $300 billion economy in Karnataka is contingent upon spreading growth to other emerging tech clusters across the state. “We must make sure there is inclusive growth,” he said.
Ekroop Caur, Secretary of Karnataka government’s Department of IT, BT and ST, said the Karnataka government will simplify the process for startups participating in government tenders to encourage and to procure innovative products and services from start-ups.
To stimulate growth in Mangaluru, the government has been proactive in implementing sector-specific policies, including the niche AVGC (Animation, Visual Effects, Gaming, and Comics) policy, alongside startup-supportive policies. Initiatives such as ELEVATE have been designed to foster innovation and support start-ups, she said.
Caur said the Government is planning to set up a Centre of Excellence for Marine Biotechnology sector in Mangaluru.
BV Naidu, Chairman of KDEM, said with over 15 companies already investing in Mangaluru and several more in the pipeline, he is confident in Mangaluru’s potential to emerge as India’s ‘Silicon Beach’. He projected the region’s transformation into a significant economic hub within the next two decades.
Sanjeev Gupta, Chief Executive Officer (CEO) of KDEM, said there are 25-30 companies in the pipeline poised to establish their operations in Mangaluru, indicating a significant influx of business and technological expertise to the city.
Rohith Bhat, Founder and CEO of 99Games and Lead Industry Anchor of KDME’s Mangaluru Cluster, said the Mangaluru cluster has been adding one sizeable company with more than 100 employees every month since ‘Mangaluru Technovanza 2.0’.
Deploying sensors and sensing technology has emerged as a vital technology in the electronics industry. from IIoT to IoT devices, consumers to industries, sensors are enabling data to transmit faster, and increase accuracy. Sensors are capable of wired and wireless transmission, providing a real-time, continuous data feed from assets and processes.
The Newspiece was developed with the inputs stated in Hindu Business Line
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