With 58-60 million people employed in the Indian manufacturing industry, representing about 12% of the country’s overall working population, the Indian manufacturing landscape needs to undergo a massive revamp in order to remain competitive in terms of investment, infrastructure, and technology. The Indian Government therefore, invented a strategic initiative called ‘Make in India’ to reform the manufacturing industry in the country. With this road map laid out for the industrial sector, the concept of Industry 4.0 could form a key part of the debate surrounding the Make in India initiative.
The impact of Industry 4.0 on the Indian manufacturing industry will be outlined by Frost & Sullivan Global President and Managing Partner, Mr Aroop Zutshi, during his presentation at upcoming SPS IPC Drives exhibition in Nuremberg, Germany. On Wednesday 25th November 2015, he will discuss how Industry 4.0 will become an inevitable necessity for the Indian manufacturing revolution. Mr. Zutshi will deliver his presentation at the VDMA Forum in Hall 3, Stand 3-668 at 9:20am CET.
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“Although German in provenance, the concept of Industry 4.0 is bound to achieve global resonance,” explains Mr. Zutshi. “India will have to take part in the development of a globalised manufacturing environment, and the Make in India initiative is a solid kick-off in this direction.”
India’s manufacturing industry contributes around 16 percent of the country’s Gross Domestic Product (GDP) each year and less than two percent of the overall global manufacturing output. With nearly 250 million people set to enter the workforce in the next 15 years however, the adoption of Industry 4.0 will be an inevitable necessity for the Indian economy in realizing its plans of elevating its manufacturing industry to global levels of excellence.