Smart manufacturing to propel ‘Make in India’ scheme
Manufacturing makes around 16% of the world’s GDP and is also one of the major drivers of the global economy, according to World Bank. With pandemic-induced disruption, economies all across the world have been severely impacted. Stabilising the manufacturing sector will enable economic recovery and redevelopment.
Emerging economies like India are positioned to be the next manufacturing hub of the world. With a large skilled workforce, government policies and smart manufacturing along with Industry 4.0 is going to the next step towards calibrating manufacturing for the future.
According to market research report, the use of autonomous mobile robots (AMR), collaborative robots, digital twins, augmented reality, and asset condition monitoring as part of smart manufacturing will be helpful in enhancing productivity and when all five deployed together can payback the investment made in a span of two years.
There are several issues plaguing the industries such as supply chain disruption, outdated machinery, data security concerns and restricted production adaptability. Nonetheless, rapid update for robotics and overall automation on industry shop floors was projected for long and has been accelerated owing to the weaknesses exposed by the covid-19 pandemic.
Flexible production and enhanced productivity in Indian manufacturing sector can be successfully supported by the increased use of automation and robotics in the future.