Smart Manufacturing reacts to and front runs a dramatic business transformation to demand dynamic economics keyed on customers, partners and the public.
IT-enabled Smart factories and supply networks can respond better to national interests and strategic imperatives and can regenerate the industrial sector by facilitating global competitiveness and exports, providing sustainable jobs, and facilitating manufacturing innovation.
Smart Manufacturing will make India an attractive leader
The Indian manufacturing sector is on the brink of scripting a new era for itself and become the fundamental enabler for the country to take up its role as the global manufacturing hub. A paradigm change is expected to be ushered in while the growth of manufacturing sector takes place.
The plant is only one piece - currently, India is at a lower level compared to other countries in terms of plant sophistication. It is many times at pure mechanical manufacturing level. The looked-for level, or top of the pyramid, is a situation where Industry 4.0 is adopted completely. India is now going global with ‘Make in India.'
Manufacturing gives millions of people a share in producing products and this is very important for India's future. If India wants to be successful in Make in India, it needs to become the hub for smart manufacturing. This requires a focus on exports. We need to now adapt Industry 4.0 concepts for India. Only this optimisation will give us the triumph in India.
The country needs to take the bull by the horns so that the world market is not driven elsewhere like China or Indonesia. Having said that, in Industry 4.0 not everything can be done by suppliers or OEM by themselves. The partners are essential. There is also a potential for us to be successful in being the right partner for the industry worldwide.
For the success in Industry 4.0 beside a full ecosystem is required, users, enterprises, connected things and partners. In Industry 4.0, not everything can be done by suppliers or OEM by themselves. The partners are key. Here is also a potential for India to be successful in being the right partner for the industry worldwide. India's manufacturing sector could touch US$ 1 trillion by 2025, according to a report by Mckinsey and Company. There is potential for the sector to account for 25-30 per cent of the country's GDP and create up to 90 million domestic jobs by 2025.
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