Kody Technolab Forms Joint Venture with Platinum Group in Abu Dhabi for Robotics Manufacturing
Kody Technolab Limited has established a joint venture with Platinum Group in Abu Dhabi to create Falcon Tech Robotics LLC, focused on manufacturing robotics solutions in the UAE. Kody holds a 40% stake, while Platinum Group holds 60%. The venture aims to serve the Middle East, with plans to produce robots for various sectors, including defense and hospitality. This collaboration marks a significant step in expanding Kody's global presence and strengthening ties between India and the UAE.
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Kody Technolab Limited (KTL) has launched a joint venture with Platinum Group in Abu Dhabi to form Falcon Tech Robotics LLC, which will manufacture robots for diverse industries in the UAE. KTL will hold a 40% stake, and Platinum Group will hold 60%, facilitating a collaborative growth strategy.
Falcon Tech Robotics is set to provide advanced robotic solutions, including defense, marketing, hospitality, and cleaning robots, targeting the GCC market. This initiative is part of Kody’s strategy to enhance its international footprint and strengthen India-UAE technological ties, emphasizing economic diversification and job creation in the region.
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