Bengaluru, April 22, 2023
Pump Academy Private Limited (PAPL), a leading provider of pump optimization solutions in India, has signed a Memorandum-of-Understanding (MoU) with JSS Academy of Technical Education (JSSATE), Bengaluru. The MoU aims to establish a strong industry-academic collaboration for knowledge partnership and focused research to create a vibrant ecosystem to foster technology entrepreneurship among students and incubation of start-ups in the field of pumps operations and pumping system management; and Internet of Things (IoT) enabled Industry 4.0 and Industry 5.0 revolution in the country.
The MoU was signed on April 21, 2023, by Mr. Anil Sethi, Chairman of PAPL, and Dr. Bhimasen Soragaon, Principal of JSSATE. The signing ceremony was witnessed by senior officials from PAPL, Dr. H R Mahadevaswamy, Joint Director, TED, JSSMVP, Mysuru, HoDs, Deans and faculties of JSSATE, Bengaluru. The collaboration aims to facilitate research and development for deep learning in design innovation, creative thinking, and adopting artificial intelligence to equip pump machineries with predictive analytics, performance improvement, and enhanced energy efficiency.
The Indian pump industry is a significant contributor to the country’s growth and is expected to reach USD 3.3 billion by 2026, growing at a compound annual growth rate (CAGR) of 7% during the period of 2020-2026. Under the MoU, both parties will formulate strategies to incorporate the end user’s perspective early on and make the solution more contextually relevant. They will also jointly conduct skill development programs, knowledge exchange through workshops, trainings, seminars, and faculty development programs in a timely manner for developing contemporary solutions for sustainable water pumping systems.
Mr. Anil Sethi, Chairman of PAPL, expressed his happiness over the signing of the MoU and said that the rapid urbanization trends in India, combined with depleting groundwater levels and government initiatives to improve water supply, have led to the rapid growth of the pump industry. He added that the association with a leading engineering and technology institution will certainly help bright minds work together and drive new and innovative ideas for the pump industry. Mr. Sethi further stated that their association with JSSATE would support the students and faculty members with industry visits, internships, skill development, and hands-on experience on project execution, seminars, and other benefits.
The MoU between PAPL and JSSATE will pave the way for exciting new ventures and innovation across the pump industry, bringing together the most up-to-date technological solutions for the benefit of the nation.
