Keys to sustaining momentum in Indian manufacturing
EM - Efficient Manufacturing|February 2023
This column explains the requisites to enhance the Indian manufacturing capacity
Prasanth Sakhamuri
Keys to sustaining momentum in Indian manufacturing

Manufacturing has long been a foundational part of the global economy and a leader in technological innovation. In a world dominated by a focus on the fourth Industrial Revolution, and what has been called Industry 4.0, manufacturers have increasingly adopted Robotics, Artificial Intelligence, Machine Learning, and Advanced Analytics.

Developing manufacturing capacity in India

After being announced in October 2020, the ‘Make in India’ program has started to see immediate success in the fields of electronics, defence sub-assemblies, and the manufacturing of intermediaries for pharmaceutical verticals. To sustain this initial success, these sectors have been prioritised as they are responsible for the largest number of imports into the country. The ‘Make in India’ initiative is the start of a whole new programme to develop significant manufacturing capability within the country. The holistic goal is to increase the contribution of the manufacturing sector from 16–17% of GDP to 30–35%.

Policies have been modified to ensure import tariff hikes, like in the case of the solar industry, and in some cases, under a defined PLI scheme, subsidies are being provided to induce manufacturers into the country and make them competitive. Growth of these sectors, with the support of the government, along with the appropriate policy and infrastructure, is required in large doses. Indian manufacturing competitiveness will further improve with trained manpower and with strong policies that will enhance the productivity of the existing workforce.

Diese Geschichte stammt aus der February 2023-Ausgabe von EM - Efficient Manufacturing.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 2023-Ausgabe von EM - Efficient Manufacturing.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS EM - EFFICIENT MANUFACTURINGAlle anzeigen
Evolving for Decades: Transformative Journey of Lead-Acid Batteries Continues
EM - Efficient Manufacturing

Evolving for Decades: Transformative Journey of Lead-Acid Batteries Continues

From ancient electrochemical experiments to modern energy storage innovations, the Lead-Acid Battery's enduring evolution powers the world's progress with unmatched versatility and sustainability.

time-read
5 Minuten  |
Efficient Manufacturing - Nov 24 Issue
India's Alternative Fuel Landscape
EM - Efficient Manufacturing

India's Alternative Fuel Landscape

This article unfolds the structure of alternative fuel development in India with a crucial phase towards sustainable industrial growth. Alternatives such as biofuel, hydrogen, LNG, and electricity are transforming industries as well as shaping the future of the nation.

time-read
4 Minuten  |
Efficient Manufacturing - Nov 24 Issue
Accelerating India's Automotive Manufacturing [with ERP Solutions]
EM - Efficient Manufacturing

Accelerating India's Automotive Manufacturing [with ERP Solutions]

Rapid technical breakthroughs are revolutionising customer happiness and manufacturing in the dynamic automobile industry. Agile ERP solutions are essential to enable simpler operations and faster expansion in light of the growing demand for electric vehicles.

time-read
4 Minuten  |
Efficient Manufacturing - Nov 24 Issue
Evolving Fire Safety Regulations: Challenges in Compliance
EM - Efficient Manufacturing

Evolving Fire Safety Regulations: Challenges in Compliance

Adapting to evolving fire safety regulations is crucial for ensuring building integrity and occupant safety. Modern compliance strategies must balance stringent safety standards with the growing demand for sustainable construction materials.

time-read
3 Minuten  |
Efficient Manufacturing - Nov 24 Issue
PLC and SCADA in Industrial Automation: Driving Efficiency and Precision
EM - Efficient Manufacturing

PLC and SCADA in Industrial Automation: Driving Efficiency and Precision

PLCs and SCADA systems are vital technologies in industrial automation, enabling precise control, monitoring, and optimisation of processes across various industries. As these systems evolve with advancements like lloT and Al, they are driving smarter, more efficient operations in the age of Industry 4.0.

time-read
3 Minuten  |
Efficient Manufacturing - Nov 24 Issue
ISCAR'S HELIMILL and HELI2000: Driving Progress in Modern Milling Solutions.
EM - Efficient Manufacturing

ISCAR'S HELIMILL and HELI2000: Driving Progress in Modern Milling Solutions.

ISCAR'S HELIMILL revolutionised the milling industry with its innovative design, using helical cutting edges to enhance performance, accuracy, and durability. The latest advancements, including the HELI2000 platform, integrate highpressure cooling and advanced carbide grades, pushing the boundaries of modern milling technology.

time-read
4 Minuten  |
Efficient Manufacturing - Nov 24 Issue
Fortifying Supply Chain resilience with Predictive Analytics
EM - Efficient Manufacturing

Fortifying Supply Chain resilience with Predictive Analytics

The article emphasises the critical importance of resilient supply chains in the face of various disruptive events. It highlights the significant challenges many companies face in achieving supply chain resilience and discusses how emerging technologies like Al, ML, and lot offer promising solutions.

time-read
3 Minuten  |
Efficient Manufacturing - Nov 24 Issue
Battery as a Service and the EV Ecosystem
EM - Efficient Manufacturing

Battery as a Service and the EV Ecosystem

This article emphasizes the transformative potential of Battery-as-a-Service (BaaS) in the Electric Vehicle (EV) ecosystem, highlighting its cost-efficiency, flexibility, and role in accelerating EV adoption. It explores how BaaS can revolutionise EV ownership in India, making sustainable transportation more accessible and scalable.

time-read
7 Minuten  |
Efficient Manufacturing - Nov 24 Issue
"Industry 4.0 is essential for sustainable manufacturing"
EM - Efficient Manufacturing

"Industry 4.0 is essential for sustainable manufacturing"

..says Shailendra Goswami, Chairman & Managing Director at Pushkaraj Group in conversation with Arun Bhardwaj. He shared insights on how Industry 4.0 technologies, sustainability, and innovation are transforming the manufacturing landscape.

time-read
4 Minuten  |
Efficient Manufacturing - Nov 24 Issue
In the memory of Ratan Naval Tata: A Tribute from the Efficient Manufacturing Team
EM - Efficient Manufacturing

In the memory of Ratan Naval Tata: A Tribute from the Efficient Manufacturing Team

Ratan Naval Tata, born on 28th December 1938 in Mumbai, was one of India’s most revered Industrialist and Philanthropist.

time-read
2 Minuten  |
Efficient Manufacturing - Nov 24 Issue