MSMES: GAINING A COMPETITIVE EDGE
Manufacturing Today|January 2022
HOW DIGITAL TRANSFORMATION IN MANUFACTURING BOOSTS THE AATMANIRBHAR BHARAT MISSION, WRITES SENTHIL KUMAR V
SENTHIL KUMAR V
MSMES: GAINING A COMPETITIVE EDGE

IT NEEDS NO REITERATION THAT DATA IS THE new oil. Big or small, all enterprises must capture the value that data offers to promote more sustainable operations while ensuring greater market share and viability. Also, the recent unprecedented challenges have further spurred the adoption of digitisation technology across sectors. For many players, particularly MSMEs in manufacturing, this has been a blessing in disguise because those reluctant to embrace digitalisation due to cost constraints or other reasons soon realised the benefits of doing so.

ATMA NIRBHARTA AND 'MAKE IN INDIA'

In essence, the digitalisation of manufacturing, especially for MSMEs, can help boost the Atmanirbhar Bharat mission under the aegis of the 'Make in India' programme. With approximately 63 million MSMEs in India, the segment's contribution towards GDP is around 29% via national and international trade. Therefore, adopting digital is crucial. Whether it is access to R&D facilities or the ability to sell their products across wider markets, digital is vital in facilitating multiple new opportunities.

Some elaboration is required to understand how this happens. It is well known that Atmanirbhar Bharat is meant to make India a global manufacturing and services hub. As the Centre has clarified, an Atmanirbhar Bharat or self-reliant India doesn't denote closing the economy. Rather, it's about connecting the country to global supply chains so India emerges as a universal hub of manufacturing and services. Therefore, the vision will not only be 'vocal for local' but 'vocal for global too. This will assist in creating a virtuous cycle of domestic manufacturing for national and international markets.

Denne historien er fra January 2022-utgaven av Manufacturing Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra January 2022-utgaven av Manufacturing Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MANUFACTURING TODAYSe alt
The path to excellence
Manufacturing Today

The path to excellence

Tata AutoComp’s Double Deming triumph is testament to quality and innovation

time-read
5 mins  |
Decemeber 2024
Boosting India's energy efficiency with advanced low voltage motors
Manufacturing Today

Boosting India's energy efficiency with advanced low voltage motors

Stefan Floeck, Division President of IEC Low Voltage Motors at ABB Motion, discusses the role of low voltage motors in India’s industrial future.

time-read
5 mins  |
Decemeber 2024
The evolution of machining technologies
Manufacturing Today

The evolution of machining technologies

The evolution of machining technologies is reshaping the manufacturing landscape, offering unprecedented opportunities for efficiency, precision, and sustainability.

time-read
5 mins  |
Decemeber 2024
Transforming the future of manufacturing technology
Manufacturing Today

Transforming the future of manufacturing technology

A pre-event report on IMTEX 2025: The premier manufacturing and metal cutting technologies event for

time-read
9 mins  |
Decemeber 2024
THE MAKE IN INDIA JOURNEY
Manufacturing Today

THE MAKE IN INDIA JOURNEY

An analysis of the initiative's impact on the manufacturing sector.

time-read
9 mins  |
Decemeber 2024
After Apple, Google Pixel set to be manufactured in India
Manufacturing Today

After Apple, Google Pixel set to be manufactured in India

Dixon Technologies' alliance with Compal Electronics is poised to further accelerate India's push to become a global hub for smartphone manufacturing.

time-read
2 mins  |
Decemeber 2024
Forging growth and innovation
Manufacturing Today

Forging growth and innovation

Kirloskar Ferrous Industries (KFIL) is driving growth in alloy steel and casting by advancing India's foundry and manufacturing capabilities, aiming to reach $2 billion by 2030. Sujatha Vishnuraj, Editor, Manufacturing Today in conversation with Ravindranath Gumaste, MD, KFIL, to know more about the company's commitment to sustainability and growth.

time-read
9 mins  |
November 2024
From Locksto Liftoff
Manufacturing Today

From Locksto Liftoff

A journey that began with a modest lock manufacturing unit has now evolved into one of India's premier multinational conglomerates.

time-read
10+ mins  |
November 2024
ITL-CFC 50: Revolutionising metalworking with high-precision cutting, facing, and chamfering
Manufacturing Today

ITL-CFC 50: Revolutionising metalworking with high-precision cutting, facing, and chamfering

The ITL-CFC 50 Cutting Facing Chamfering Machine stands out as a highly efficient solution for metalworking industries, offering cutting-edge technology for precision operations.

time-read
1 min  |
November 2024
MRF opens new Tyredrome service centre in Mumbai
Manufacturing Today

MRF opens new Tyredrome service centre in Mumbai

The Tyredrome of MRF is manned and run by engineers and technicians trained at MRF.

time-read
1 min  |
November 2024