Manufacturing Robotic Automation

VDMA India and EAC jointly organised a webinar to highlight the opportunities in manufacturing robotic automation.

- Deven Lad

Globally, economies continue to reel under the Covid-19 infused degrowth. The world over, the supply and demand-side shocks have resulted in disruptions that continue to challenge production plans. Plant closures are known to have caused steep revenue losses for manufacturers. The lower manufacturing index has translated to a loss of jobs, especially for the contract employees. To overcome disruptions and volatility, manufacturers need to restore supply chains to pre-covid levels. Companies need to turn to manufacturing with the use of robotic automation. The focus is to optimise in-house manufacturing resources and cut the dependence on external third-party vendors for such requirements. German Engineering Federation - VDMA India and EAC International Consulting tapped into this domain and set out to address manufacturer concerns around regaining productivity in their webinar.

To develop a high degree of agility and resilience, manufacturing robotic automation was put forth as the need of the hour. Averred Rajesh Nath, Managing Director of VDMA India, “The need of an hour is to take gradual steps to enhance automation and generate a return on investment. Automation without a high capital investment.” “AI, machine learning and robotics will help manufacturers to produce quality products at a better cost,” he opined. Turning a catalyst to help the industry make the transition to automation with a higher degree of resilience, Nath projected the growth of Industrial automation at 10-12 per cent rate by 2022 to touch a market valuation of USD 3.1 billion by 2022.