India's manufacturing landscape, particularly in the automotive and electronics industries, has advanced rapidly over the past decade. This growth is driven by supportive policies and increasing domestic demand. According to a report by India Brand Equity Foundation, the country has the potential to establish itself as a global manufacturing hub, contributing over US$500 billion annually to the global economy by 2030.
A key imperative to achieving this goal is investing in Industry 5.0: building smart factories that rely on connectivity and data-driven decisionmaking. This 'fifth instalment' of industrialisation represents a shift towards smarter, more personalised, and human-centric manufacturing. It is based on collaboration between humans and advanced technologies, including AI, robotics, and IoT, to create more sustainable, efficient, and adaptable production processes. With the industry transformation spurred by generative AI (GenAI), this human-machine partnership is becoming a reality as more manufacturers integrate emerging technologies, such as blockchain, into their operations, driving innovation and productivity forward.
OVERCOMING CHALLENGES IN MANUFACTURING
この記事は The Machinist の November 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Machinist の November 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
WE CONSISTENTLY INVEST IN ADVANCED TECHNOLOGIES LIKE AUTOMATION, ROBOTICS, DIGITALISATION, AND SIMULATION
Nikhil Rao, VP of Operations at Flex India, discusses how Flex is redefining manufacturing through technology, sustainability, and a global workforce. He shares insights into Flex’s vision, investments in automation and digitalisation, the latest industry trends, including its partnership with the Reverse Logistics Association.
INDIA'S $300 BILLION ELECTRONICS GOAL RELIES ON INFRASTRUCTURE, R&D, SKILLS, AND MANUFACTURING
Imran Kagalwala, Co-Founder of UNIX India, discusses strategies and challenges in electronics manufacturing, including public-private partnerships, tariffs, and the Make in India initiative. He also highlights leveraging India's demographic dividend, achieving a 300 billion economy, and UNIX's Umbergaon facility in an interview with Nisha Shukla.
CCMS ENABLES REAL-TIME COLLISION DETECTION, ACTIVATING AIRBAGS AND EMERGENCY BRAKING
Mohan Babu University initiated the Continuous Collision Monitoring System CCMS) project, led by Prof. N. Harathi and students, to enhance safety technologies and provide hands-on experience with piezoelectric sensors, bridging education and industry needs. In an exclusive interaction with Nisha Shukla, Prof. Harathi discusses the project’s motivations, goals, market readiness, and challenges.
UNLOCKING THE POWER OF AI IN RECRUITMENT AND STAFFING FOR THE MANUFACTURING INDUSTRY
The author emphasises AI’s significant role in optimising hiring and workforce management in manufacturing industry; while also cautioning about potential challenges these technologies may bring to the sector.
DRIVING INNOVATION, SUSTAINABILITY, AND THE FUTURE OF MOBILITY
The 8th Global Conference on Plastics in Automotive, held in Pune, concluded on a high note, offering the industry actionable insights and thought-provoking discussions.
ISCAR'S HELIMILL LEGACY AND EVOLUTION TO THE HELI2000 SERIES
The ISCAR HELIMILL introduced a groundbreaking design in milling tools in the 1990s, leveraging helical cutting edges to transform performance. Decades later, advancements like the HELI2000 series continue to push the limits of precision, efficiency, and durability. A look at its evolution...
EPIGRAL LIMITED REPORTS 111 PER CENT RISE IN Q2FY25 PAT TO RS 81 CRORE
Epigral Limited (Epigral), India’s leading integrated chemical manufacturer, recently announced its financial results for the quarter ending September 30, 2024.
INDUSTRY 5.0: PAVING THE WAY FOR INDIA TO BECOME A GLOBAL MANUFACTURING HUB
India's manufacturing sector, particularly automotive and electronics, is rapidly transforming. This article examines how Industry 5.0 will revolutionise manufacturing and distribution by tackling productivity challenges.
Ashok Leyland partners with Madhya Pradesh Gramin Bank to provide vehicle financing solutions
ASHOK LEYLAND, the Indian flagship of the Hinduja Group and a leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Gramin Bank to establish a strategic vehicle financing partnership for its customers. This MoU will enable Ashok Leyland and Madhya Pradesh Gramin Bank to offer tailored financial solutions to customers.
Vedanta Group to invest $500 million in AvanStrate Inc
VEDANTA LIMITED is planning to invest nearly $500 million in its group company, AvanStrate Inc. (ASI), a leading global display glass manufacturer now fully managed by Vedanta Limited.
