INOVANCE IS BETTING ON STRONG GROWTH IN INDIAN MANUFACTURING

Industrial automation companies cannot stand still; it is important for them to continuously update their technology to provide better solutions to their customers so they can keep up with the latest trends and remain competitive, feels Anil Kumar, Managing Director, Inovance Technology India

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Industrial automation received a huge global boost during the pandemic. While the underlying benefits of automation – such as increased efficiency, reduced costs, and improved accuracy and repeatability – have not changed, the Covid lockdowns meant that automation offered manufacturers an additional benefit: the ability to keep operating under conditions of social distancing. In India specifically, the imperative to automate has always been a little behind other parts of the world because of our comparatively lower labour costs. But that is changing fast and it’s changing for two reasons.

Firstly, manufacturers are realising that saving labour costs is not usually the prime reason to automate. The prime reason to automate is, arguably, the improved accuracy and repeatability that automation can offer. Secondly, as India moves up the value chain of the global economy, wages are increasing and Indian manufacturers are also attempting to make more complex products (witness the recent stories about Apple looking to increasingly have India as a major manufacturing base for its products).