Technology
Plastic Crates Market in India to Grow by USD 392.7 Million from 2025-2029, Boosted by Globalization and International Trade, Report on AI’s Impact on Market Trends – Technavio
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1 year agoon
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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The plastic crates market in india size is estimated to grow by USD 392.7 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 8.2% during the forecast period. Globalization and increasing international trade is driving market growth, with a trend towards advent of plasticulture. However, growing pollution due to increasing plastic waste generation poses a challenge.Key market players include Aristoplast Products Pvt. Ltd., Bright Brothers Ltd., Brix Industries, Croma Plast Pvt. Ltd., Esquire Multiplast Pvt. Ltd., K.M.S. Plastworld Pvt. Ltd., MPH Group, National Plastics, Nilkamal Ltd., R.R. Enterprises, Rita International, Samruddhi Industries Ltd., Signet Industries Ltd., Sri Kamakshi Enterprises., Sunshine Plastics, Swift Technoplast Pvt. Ltd., The Supreme Industries Ltd., VIP Plastics, Vishakha Mouldings P. Ltd., and White Plaast.
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Plastic Crates Market In India Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2022
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 8.2%
Market growth 2025-2029
USD 392.7 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
7.6
Regional analysis
India
Performing market contribution
APAC at 100%
Key countries
India
Key companies profiled
Aristoplast Products Pvt. Ltd., Bright Brothers Ltd., Brix Industries, Croma Plast Pvt. Ltd., Esquire Multiplast Pvt. Ltd., K.M.S. Plastworld Pvt. Ltd., MPH Group, National Plastics, Nilkamal Ltd., R.R. Enterprises, Rita International, Samruddhi Industries Ltd., Signet Industries Ltd., Sri Kamakshi Enterprises., Sunshine Plastics, Swift Technoplast Pvt. Ltd., The Supreme Industries Ltd., VIP Plastics, Vishakha Mouldings P. Ltd., and White Plaast
Market Driver
The Indian agricultural sector is undergoing a transformation with the adoption of plasticulture, utilizing plastics in various farming and horticulture applications. Plastics offer several advantages over conventional materials, including high strength, flexibility, and corrosion resistance. These features contribute to water savings, yield improvement, and prevention of weed growth. Additionally, plastics can protect against adverse climatic conditions and reduce fertilizer usage and post-harvest losses. The Indian government supports this trend through educational programs and incentives. Plasticulture’s benefits extend to agriculture storage and transportation, making plastic crates an attractive solution. With the increasing popularity of plasticulture, the demand for plastic crates is projected to rise due to their ease of use, reusability, and longer lifecycle.
The Plastic Crates Market is witnessing significant growth due to its high demand in various industries. Key sectors driving this trend include agriculture, food and beverage, and logistics distribution. These crates are mass-produced to ensure durability, versatility, and stackability, making them ideal for bulk packaging and returnable use. High-performance films are used to enhance their sustainability, corrosion-resistance, and moisture-resistance, enabling their use in extreme temperatures and safe packaging. Food and beverage industries benefit from plastic crates due to their ability to maintain temperature and preserve food. With the rise of online food orders and e-commerce, the demand for lightweight, non-biodegradable packaging solutions is increasing. Customizable reusable crates are also popular in export activities and the fast food industry. Production technology advances include the use of RFID tags, High-density polyethylene (HDPE), Polypropylene (PP), and Polyvinyl Chloride (PVC) for strength and flexibility. Environmental initiatives are pushing for the adoption of sustainable plastic crates, and the market is responding with innovative solutions. Trade activities, logistics, and distribution are also adopting these crates due to their cost-effectiveness and ease of use. In the age of no contact delivery, plastic crates offer a safe and efficient solution for businesses.
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Market Challenges
Plastic waste is a significant environmental issue in India, with an estimated 28,593.96 tons generated annually. This waste comes from various plastic types, including PE, PP, PVC, PET, HDPE, and PS, most of which are non-biodegradable. Plastic pieces can cause harm by blocking waterways, contaminating soil and water, and posing health risks through ingestion or toxic emissions. For instance, plastic bags and containers made of expanded polystyrene (EPS) foam can take thousands of years to decompose. The burning of plastic for heating or cooking releases harmful gases. Around 43% of manufactured plastics are used for packaging, leading to increased plastic waste generation. This growing plastic production and waste pose challenges for plastic crate vendors, as there is mounting pressure to properly handle waste from plastic processing companies during the forecast period.Plastic crates are a popular choice for businesses involved in safe packaging and online food orders due to their durability and temperature maintenance capabilities. However, the use of non-biodegradable packaging raises environmental concerns. Environmental initiatives push for more sustainable options like cardboard or wooden crates. Trade activities, including export and e-commerce, rely on plastic crates for their strength, flexibility, and reusability. Production technology advances with the use of RFID tags, high-density polyethylene (HDPE), polypropylene (PP), and polyvinyl chloride (PVC). Customizable and reusable crates offer benefits for temperature stability and food preservation. Weather protection is crucial for outdoor transportation. No contact delivery and home delivery services require packaging. Fast food industry and international trade heavily utilize plastic crates for goods transportation. Product approval regulations and packaging waste management are essential considerations. Biodegradable properties are a growing trend in the packaging industry.
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Segment Overview
This plastic crates market in India report extensively covers market segmentation by
End-userFood And BeveragesIndustrialRetailPharmaceuticalOthersMaterialPEPPPVCOthersGeographyAPAC
1.1 Food and beverages- The Indian food processing industry, accounting for approximately 9% of the manufacturing sector, is experiencing growth. With a rising consumer preference for packaged products and evolving food habits, the demand for plastic crates in this sector is increasing. Plastic crates are essential for storing and transporting packaged food and beverages, offering benefits such as ease of loading, stacking, and handling. They can withstand automated equipment, high-pressure washing, sterilization, and temperature changes. Additionally, plastic crates are cost-effective, recyclable, foldable, and durable, making them ideal for the food and beverage (F&B) industry. The dairy industry, in particular, is a significant end-user due to the high-load demands. Plastic crates made of HDPE are commonly used in the F&B industry’s materials handling process, from farmers to distribution centers and supermarket shelves. The expanding F&B industry and the growing demand for plastic crates in various applications offer significant growth opportunities for the plastic crates market in India during the forecast period.
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Research Analysis
Plastic crates are a popular choice for bulk packaging and transportation due to their durability, versatility, and stackability. They are an alternative to traditional options like corrugated fibreboard and wooden crates. Plastic crates offer superior weather protection, making them ideal for outdoor storage and international trade. In the age of online shopping and home delivery, plastic crates ensure temperature stability for packaged food items. These mass-produced crates are made from sustainable materials like high density polyethylene and polyvinyl chloride, offering strength and flexibility. Plastic crates are widely used in various industries, including fast food, due to their returnable and reusable nature. They come in various sizes and can be customized to meet specific requirements. With no contact delivery becoming the new norm, plastic crates ensure food preservation and hygiene. Additionally, their high density and bulk storage capabilities make them a preferred choice for businesses looking to optimize their supply chain.
Market Research Overview
Plastic crates are a popular choice for various industries due to their durability, versatility, and stackability. They offer superior protection against weather conditions, making them ideal for outdoor use and international trade. Plastic crates are commonly used for goods transportation, particularly in the food and beverage industry for packaged food and online shopping home delivery. Customized crates are available to meet specific requirements, such as temperature stability for perishable items or moisture-resistant properties for agricultural produce. Plastic crates are also reusable, reducing packaging waste and promoting sustainable practices. However, they are non-biodegradable, raising concerns about environmental impact. To address this, some companies are producing biodegradable plastic crates made from high-performance films. Plastic crates are also used in logistics distribution for mass-produced items, offering strength and flexibility for safe packaging. RFID tags can be added for easy tracking and inventory management. Production technology allows for customizable designs, and high-density polyethylene, polypropylene, and polyvinyl chloride are common materials used in their production. Plastic crates are essential in the food and beverage industry for temperature maintenance and food preservation. They are also used in the fast food industry for bulk packaging and returnable packaging. In the e-commerce sector, plastic crates are used for online food orders and no-contact delivery. Plastic crates must meet product approval regulations and are subject to environmental initiatives and trade activities. They are lightweight, corrosion-resistant, and can withstand extreme temperatures. In summary, plastic crates offer numerous benefits for various industries, including durability, versatility, and weather protection.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userFood And BeveragesIndustrialRetailPharmaceuticalOthersMaterialPEPPPVCOthersGeographyAPAC
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards
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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.
As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1
This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.
Informing investor-relevant disclosures: A four-step approach
Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.
It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.
Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.
Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”
Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”
Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.
The Guidance Document can be downloaded here.
For more information, visit www.rspo.org
About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.
As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.
The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States.
About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com
1
IFRS Foundation, ISSB Podcast February 2025
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SOURCE Roundtable On Sustainable Palm Oil
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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform
Published
36 minutes agoon
July 23, 2026By
WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.
Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.
“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.
Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.
The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.
“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.
Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.
The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.
The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.
Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.
Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com
ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com
About ArisGlobal
ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.
About Nordic Capital
Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.
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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia
Published
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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.
BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.
As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.
The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.
The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.
Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.
Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”
Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”
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Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.
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Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
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