SPARSH CCTV, the pioneer in CCTV technology and design in India, has signed a Memorandum of Understanding (MoU) with DAST, a prominent Saudi Arabian company. This partnership was formalised at India- Saudi Investment Forum organised by INVEST SAUDI, Ministry of Investment, Government of Saudi Arabia, Invest India, FICCI and Government of India.
The collaboration between SPARSH CCTV and DAST marks a significant milestone in SPARSH’s contribution to elevate ‘Make in India’ onto the global stage, fostering Atmanirbhar Bharat! Under the MoU, a cutting-edge manufacturing plant for CCTV products will be established in Saudi Arabia, utilising SPARSH’s innovative design and technology. This move signifies the commitment of both companies to enhance security infrastructure and foster economic growth.
Mr. Sanjeev Sehgal, CEO, SPARSH CCTV, spoke on “Advanced manufacturing and Cyber security” at the Forum. His discussion revolved around the vital role of cyber security in today’s world and how SPARSH, an STQC certified company, is leading the way in this critical field.
Mr.Mazyad F Alutaibi, CEO, DAST, said “We are delighted to join forces with SPARSH CCTV, a renowned name in the security industry. This partnership will not only help us diversify our business portfolio but also contribute to the technological advancement of Saudi Arabia.
Together, we aim to deliver world-class security solutions to our customers.”
During the event, Mr. Sehgal had a meeting with Saudi Arabia’s IT and Communications Minister, H.E. Eng. Abdullah Aiswaha. Their discussion focused on implementing advanced CCTV solutions in Saudi Arabia’s 40 manufacturing industrial estates, emphasising automation and smart city integration.
The Ministerial Session of the India-Saudi Investment Forum 2023, co-chaired by Sh. Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, and H.E. Mr. Khalid A. Al Falih, Minister of Investment, Kingdom of Saudi Arabia, saw a fruitful discussion on expanding bilateral collaboration. The key areas of focus included startups, digital infrastructure development, closer cooperation between business and investor ecosystems, and the possibility of joint projects. Additionally, there were discussions on encouraging Saudi Sovereign Wealth Funds to consider direct investments into India.
