Smart Manufacturing is a Key Driver towards a USD 5 Trillion-dollar Indian Economy

A globally competitive Indian manufacturing sector will be a key enabler in achieving the Prime Minister Shri Narendra Modi’s vision of a USD 5 trillion-dollar economy by 2025.

“The conventional ways of doing incremental business will no longer suffice, India needs to push its people to adopt disruptive ways of doing business” said Prof Ashutosh Sharma, Secretary, Department of Science and Technology at the 4th CII Smart Manufacturing Summit, held on 26 October 2018 at New Delhi.

Speaking at the Summit, which was attended by more than 300 participants, Prof Sharma emphasized the need for leveraging technologies to create new jobs in the economy. The 4th edition of the Summit brought forward international and national experts from industry, academia, multi-lateral agencies, Government as well representatives from embassies of multiple countries - Germany, UAE, Sweden.

A globally competitive Indian manufacturing sector will be a key enabler in achieving the Prime Minister Shri Narendra Modi’s vision of a USD 5 trillion-dollar economy by 2025. Known to have the largest multiplier effect on economy, the Indian manufacturing sector’s participation across global value chains needs to scale from its current level of 2-3% of merchandize exports to that of comparable manufacturing superpowers like USA, China, Germany, Korea etc and smart manufacturing will be a critical ingredient in achieving these aspirations.

Addressing the Summit, Dr Martin Ney, Ambassador of Federal Republic of Germany said that digitalization and manufacturing means modelling products with software rather than hardware, manufacturing more variants on the same assembly line, embracing new business models and creation jobs that were unheard of earlier.

Dr Vandana Kumar, Joint Secretary, Department of Industrial Policy and Promotion (DIPP) mentioned that industry must become cognizant of on-going mega trends which are in the form of new technologies, business models and threats. These trends are shaping the manufacturing around the world. She further added that technology will be an integral part of the new industrial policy that DIPP is working on.

Talking about NITI Aayog’s initiatives, Ms Anna Roy, Advisor, NITI Aayog proposed for a sector wise approach for smart manufacturing and mentioned that GoI is looking to develop plug and play infrastructure where companies could benefit from already established facilities, testing labs and access to new technologies.

Dr Nobert Gaus, Executive VP and Head - R&D in Digitalization and Automation, Siemens AG and Representative, Platform Industrie 4.0, Germany showcased how digitalization is changing everything from products to value chains to society. He also mentioned about the importance of prioritizing cybersecurity and putting in place rules to ensure safe data sharing between systems. Also representing Platform Industrie 4.0, Germany, Dr Gaus stressed on the need for Indo-German partnership through an India Industry 4.0 Platform.

Mr Chandrajit Banerjee, Director, General, CII emphasized the need for Government and industry to come together and adopt the P E T formula - People, Enablement and Technology. He further added that up-skilling and re-skilling of labour will be critical in ensuring that smart manufacturing will become a success.

Announcing the launch of the CII portal www.ciismart.in, which brings forward case studies of more than 25 companies from across the country that have experienced an effective increase of ~ 20-30% in their productivity by deploying smart manufacturing, Mr Sunil Mathur, Chairman, CII Smart Manufacturing Council and CEO & MD, Siemens Ltd., India spoke about Industry 4.0 being an enabler for SMEs in broadening their offerings using already available resources.

Source: The Confederation of Indian Industry (CII)

Illustration Photo: Ford Fiesta's Information System for India (credits: Ford Asia Pacific / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))

Comments

No comments to display.

Related posts

Toyota Mobility Foundation announces finalists in $4 million global Mobility Unlimited Challenge

The Challenge invited engineers, innovators, and designers from across the world to submit designs for game-changing technologies, incorporating intelligent systems, to improve the mobility and independence of people with lower-limb paralysis. Central to the Challenge is the importance of collaboration with end-users to develop devices which will integrate seamlessly into users’ lives and environments, while being comfortable and easy to use, enabling greater independence and increased participation in daily life.

PRIMA Call for Proposals: Bridging the gap between potential and actual irrigation performance in the Mediterranean

In the Mediterranean basin, water balances and water used for irrigation including irrigation performance is often lower than potential at the farm and at the water users association level. This gap is evident for average performance, but it is particularly important when the dispersion among farmers and their associations is considered. Attaining Sustainable Mediterranean irrigation requires to assess the real water balances in the area of irrigation, amount of water available for irrigation ensuring that water levels are environmentally safe for ecosystems and other needs. Furthermore, optimising irrigation performance requires to combine technological, managerial and governance innovations taking into account the availability, safety and quality of water resources, existing institutional arrangements, as well as crop agronomy planning.
Application Deadline in a month

PRIMA Call for Proposals: Agro-food Value Chain 2019

Proposals should focus on products with high added value, most exposed to fraud and valorise productions that have been discontinued but hold nutritional value and are important for biodiversity conservation. Proposal should also aim at creating trans-national networks of laboratories, validating and harmonizing protocols, sharing open-data on food products of the Mediterranean tradition, providing a robust support for certification and control bodies, and building capacity in key enabling technologies related to authenticity and traceability.
Application Deadline in a month

African Development Bank Group approves $25 million Equity Investment in Fund for Renewable Energy Projects in Africa

ARPF projects will focus on mature technologies including wind, solar PV, small to medium hydro, geothermal and biomass. These would include grid-connected independent power producers (“IPPs”), and decentralized energy projects (commercial & industrial solar, mini-grids and solar home systems companies). The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects.

European call for proposals: Innovative utilisation of aquatic biomass and Novel aquaculture production systems

The proposals should seek to be complementary with or adding to other projects funded under FP7 and Horizon 2020, ERA-NETs, BBI JU or other funding schemes, both ongoing and recently finished. They should reflect awareness of the objectives of running projects in relevant fields to avoid overlap. Proposed projects must demonstrate industry involvement.
Application Deadline in 2 months

European call for proposals: Sustainable and Resilient agriculture for food and non-food systems

Based on the two previous calls, the FACCE SURPLUS partners decided to further advance their successful funding scheme with a third call of the initiative in order to complete the portfolio of projects and filling remaining research and funding gaps. Having in mind the research already conducted in FACCE SURPLUS projects, this call at the end of the initiative aims at further improving collaboration in the area of food and nonfood biomass production and transformation systems.
Application Deadline in 2 months

A Quick Look At The Latest Happenings In The Cloud Integration Market

As an emerging trend of technology the field of cloud Integration is steadily expanding. The global cloud Integration Market is growing approximately at a CAGR of 8% during 2018-2023 and it is expected to grow at a highest CAGR during the forecast period.

A Close Look At The Latest Research Trends Within The 3D Printing Metals Market

3D printing involves the creation of a 3 dimensional object by adding successive layers of a particular material one on top of each other until the overall object has been formed. Metals constitute one of the main materials used for 3D printing.

Call for Applications: Go Green in the City 2019

The Go Green in the City challenge is now entering its 9th year running and our 2019 edition is going to be even bigger, better and bolder! We are looking for students like you from around the world who are willing to put their skills and ideas to the test.
Application Deadline in 4 months