GE ties up with IIT-M to set up Industrial Internet Centre

US-based conglomerate GE has signed an agreement with the Indian Institute of Technology, Madras (IIT Madras), to set up an Industrial Internet Centre of Excellence. The Centre is being designed to develop applications that will help companies save costs. The first of these will be the Digital Twin of an aluminium smelter. According to senior company officials, GE would invest around Rs 3 crore in the first six months and could commit around Rs 30 crore over five years depending upon the outcome. Aluminium smelters are refineries for extracting the metal from aluminium oxide, separating it from oxygen through a chemical reaction.