Bartronics India Limited has informed the Exchange regarding a press release dated May 15, 2026, titled "ASMS and BITS Pilani Signs MoU to Build India s Next-Generation Rural Digital Ecosystem ".
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Avio Smart Market Stack Limited (ASMS), formerly Bartronics India Limited, has signed a strategic MoU with BITS Pilani to build India's next-generation rural digital ecosystem. The partnership aims to impact over 40 million farmers and rural residents through technology solutions including AI, ML, IoT, and Blockchain. Key focus areas are digital governance, financial inclusion, agriculture, and rural service delivery. Early projects include crop yield prediction pilots, digital financial literacy initiatives, and e-governance research programs. The company sees this as a model for industry-academia collaboration in India.
This strategic partnership with a prestigious institution like BITS Pilani signals ASMS's commitment to rural technology markets. While the MoU is non-binding, it positions the company for potential growth in the large rural digital services market targeting 40 million users.