1 Year agoIn its pursuit to foster best-in-class manufacturing infrastructure in India, the “Make in India” initiative is spearheading wider adoption of ‘Industry 4.0’.
In its pursuit to foster best-in-class manufacturing infrastructure in India, the “Make in India” initiative is spearheading wider adoption of ‘Industry 4.0’, the new buzzword for the combination of industry and the current Internet of Things (IoT) technology, in the country.
Banking on India’s strength in Information Technology and a large workforce of IT professionals, the transformative journey of manufacturing through Industry 4.0 has already begun in the country. Under the Government of India’s ‘Smart Cities Mission’, the projects to build 100 smart cities across India are being touted as the forerunners of the Industry 4.0 environment.1
Additionally, the Indian Institute of Science (IISc) is building India’s first smart factory in Bengaluru with a seed funding from the Boeing Company.2 Bosch, a German auto component manufacturer will begin implementation of smart manufacturing at its 15 centres in India by 2018.3 General Electric has invested USD 200 million in the facility in its only multi-modal factory in India where digitally interlinked supply chains, distribution networks, and servicing units form part of this intelligent ecosystem.
With rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution.4 The concept of ‘Industry 4.0’ is going to change the way India manufactures, designs and refurbishes the products. Driven by the power of big data, high computing capacity, artificial intelligence and analytics, Industry 4.0 aims to completely digitise the manufacturing sector. 5
At the ‘Partnership Summit 2017’ in Visakhapatnam, Ramesh Abhishek, Secretary, Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry will moderate a session on the subject.
A plenary session titled “Industry 4.0: Leveraging for Efficiency, Adaptability, Productivity (LEAP) – What is in it for India?” will explore how this new trend will contribute to making India a global manufacturing hub.6
3 http://www.financialexpress.com/industry/bosch-to- introduce-smart- manufacturing-at- india-plants- by-2018/146922/