INDUSTRY 4.0: INDIA INC. EMBRACES LEVERAGING ADVANCED TECH FOR ENABLING SMART MANUFACTURING

Delhi and Chennai, December, 2022: The advent of digitization has encompassed practically every traditional sector and led to a technology-backed transformation that has ensued into a 360-degree overhaul.

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The adoption of intelligent technologies, the use of digital strategies, the shift from a linear economy to a circular economy, and the evolution of post-pandemic government industrial strategies are key drivers that will accelerate the creation of new industrial hubs, redefining the future of manufacturing and our understanding of global supply chains. Deliberating and exploring the way forward in the digital evolution of the Indian manufacturing landscape, ET Edge, an initiative of The Economic Times organized the 2nd Edition of The Economic Times Industry 4.0 Summit 2022: `Smart Factories for a Smart Future` on 1st December 2022 at Holiday Inn, New Delhi and on 14th December 2022 at Hilton, Chennai, respectively.

The summit witnessed an impressive gathering of industry leaders, decision-makers, and innovators coming together at one common platform to discuss and underlined the advantages and importance of using technology to make products for the global markets at competitive rates and to embrace 4.0 technology with the latest technological advancements.

Opening the dialogue, Vinit Goenka, Governing Council Member, Centre for Railway Information System (CRIS), Ministry of Railways, Govt. of India stressed on balancing the simplicity of innovations to solve major problems. He said, “The simplest technology innovation can solve some of the major problems in the world.”

Accentuating the need for upskilling for rightscaling, Kundan Kumar, Adviser, NITI Aayog said “We need to be skillful in terms of size, pace, and standard in addition to our other skills”