Unilever, ReNew get WEF support for Industry 4.0
Financial Express Mumbai|March 26, 2024
GLOBAL LIGHTHOUSE NETWORK, an initiative by the World Economic Forum (WEF) aimed at fostering the adoption of fourth-industrial revolution technologies within production networks, has successfully guided 15 manufacturing sites in India to transition to cutting-edge global technologies.
MUKESH JAGOTA

"Globally there are 153 Lighthouse locations of which 15 are in India and they include names in the cutting edge of manufacturing like ReNew Energy and Unilever," head of the WEF's Center for Advanced Manufacturing and Supply Chain Kiva Allgood told FE.

The Fourth Industrial Revolution, also known as Industry 4.0, encompasses increased automation, enhanced production processes, and the emergence of new products and services. It revolves around four disruptive technology pillars: connectivity, data, computation power, and analytics and intelligence.

The 153 global lighthouse locations-which have adapted to Industry 4.0-are across 17 sectors and all of them have shown performance improvement across multiple parameters, Allgood, who is also a member of WEF executive committee, said.

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