Digital technologies can play a pivotal role in reaching $1-trillion manufacturing GVA
With the government’s push towards self-reliance, India is planning to turn into a manufacturing hub. India’s self-reliance is based on five levers of Economy, Infrastructure, Technology, Demography and Demand. Influence of manufacturing on all these 5 factors and its role as the backbone of any economy, self-reliance will drive growth in the GDP, job opportunities and long term growth.
In view of the same, Industry 4.0 along with digital technologies will play a critical role for boosting domestic manufacturing and creating an Atmanirbhar India. Flexibility in manufacturing will also be very important and will require intelligence in everything from product design to production.
Presently, adoption of IIoT to connect the legacy manufacturing assets and cloud-based data analytics applications to acquire shop-floor insights are increasingly providing the basis for fast and accurate day-to-day decision making. Increased use of simulation tools offering entrepreneurs the power of experimenting with alternatives and select what is most beneficial, both for product design as well as for manufacturing processes.
COVID-19 exposed many underlying weakness across sectors, and use of robotics and additive manufacturing are enabling the industry to be responsive to the dynamic market demands. In addition, integrated manufacturing set-ups are increasingly more efficient and productive, helping India’s manufacturing sector, especially SMEs, to be globally competitive.
Adoption of digital technologies will help India in turning self-reliant. Further, it would help improving the key parameters of flexibility, efficiency, productivity and quality while establishing the critical need of safety and security in the digital era. India is at a very interesting cusp in its manufacturing evolution. Rapidly increasing adoption of automation in production with an inherent prowess in software are going to be decisive for the future of manufacturing in India.
The ability to respond flexibly and efficiently to rapidly changing demand and new challenges with the integration of automation and digitalisation is the opportunity for Indian manufacturers —automotive industry. With a large pool of skilled labour and use of digital technologies, India can transform its industries and make manufacturing more, flexible, efficient, productive and competitive globally.