Digitalization And MSMEs: Pillars Of Sustainable And Resilient Economy
Manufacturing Today|August 2022
Digitalisation can improve the small and medium units’ energy efficiency, reduce resource use and waste
Senthil Kumar V
Digitalization And MSMEs: Pillars Of Sustainable And Resilient Economy

India's conducive business environment, path-breaking visions and initiatives like Atmanirbhar Bharat and Make in India have accelerated growth in the MSME sector. These developments have further opened new roads for businesses to reimagine their operations. With transformation happening at a rapid pace, businesses have realised they must become efficient and future-ready with digitalisation. In efforts toward making India a global manufacturing hub, it is also important to build an economy that is sustainable and resilient, and digitalisation has a major role to play in this.

The country is also leading the fight against climate change. India has pledged to achieve netzero emissions by 2070, ramp up the expansion of renewable energy capacity and focus more on energy efficiency. With depleting resources across the globe, it is important for industries to cut emissions, adopt sustainable practices and accelerate digitalisation to put the economy on a sustainable footing.

This story is from the August 2022 edition of Manufacturing Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the August 2022 edition of Manufacturing Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MANUFACTURING TODAYView All
Precision Revolution
Manufacturing Today

Precision Revolution

Exploring the fusion of Machine Learning and CAD/CAM Technologies, Shriyal Sethumadhavan delves into the transformative impact of AI integration in manufacturing.

time-read
6 mins  |
April 2024
Empowering MSMEs
Manufacturing Today

Empowering MSMEs

In conversation with Amit Mande, Chief Revenue Officer, U GRO Capital

time-read
3 mins  |
April 2024
Fornnax unveils SR-200 HD recycling innovation
Manufacturing Today

Fornnax unveils SR-200 HD recycling innovation

Fornnax Technology continues to expand its portfolio of high capacity lines and debuted an upgraded variant of primary shredder.

time-read
1 min  |
April 2024
Transforming manufacturing and product development
Manufacturing Today

Transforming manufacturing and product development

India's manufacturing sector, currently contributing 17% to the GDP, is expected to be one of the key drivers of growth for the country.

time-read
5 mins  |
April 2024
Transforming E-commerce: How LLMs are changing visual content
Manufacturing Today

Transforming E-commerce: How LLMs are changing visual content

LLMs reshape e-commerce with captivating visuals, balancing benefits and drawbacks of authentic content in the digital retail arena

time-read
3 mins  |
April 2024
An intelligent move
Manufacturing Today

An intelligent move

Dive deep into the future of manufacturing as we explore the transformative power of intelligent technologies revolutionising the industry.

time-read
5 mins  |
April 2024
Meeting India's data centre cooling demands
Manufacturing Today

Meeting India's data centre cooling demands

Schneider Electric inaugurates state-of-the-art cooling factory in Bengaluru

time-read
2 mins  |
April 2024
The gender matters of manufacturing
Manufacturing Today

The gender matters of manufacturing

Does the manufacturing industry suffer from a gender gap?

time-read
10+ mins  |
April 2024
Navigating India's manufacturing landscape
Manufacturing Today

Navigating India's manufacturing landscape

Jibak Dasgupta, Director General and CEO, Indian Machine Tool Manufacturers' Association's view on the influx of investments and the manufacturing landscape

time-read
5 mins  |
February 2024
A decade of 'Make in India': The foundation for building a manufacturing powerhouse
Manufacturing Today

A decade of 'Make in India': The foundation for building a manufacturing powerhouse

As India experiences profound economic growth, it has emerged as the second most sought-after manufacturing destination in the world, contributing 13.9%1 to the economy.

time-read
5 mins  |
February 2024