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Innovation is the central issue in economic prosperity”. And indeed, the ability of Indian Industry to innovate will decide if the GDP growth rate outperforms predictions and takes India closer to fulfilling her destiny of becoming an economic powerhouse.
Make in India program is one of the key initiatives launched by the Government of India to rev manufacturing GDP. This program has been able to dismantle the obsolete and obstructive frameworks of the past, replacing it with a transparent and user-friendly system that is helping drive investments, develop skills and build best-in-class manufacturing infrastructure. However, the program will truly succeed when companies seize the opportunity and shift paradigms and innovate. Organizations will need that recipe to Innovate and work to make Innovation predictable and sustainable.
To
show the power of Innovation in making ‘Make in India’ a
reality, Confederation of Indian Industry along with the
Knowledge Partner is organizing the 10th edition
of the Manufacturing Innovation Conclave on
Friday, 12 June 2020 at New
Delhi.
Transforming the future of manufacturing through technology, talent, and the innovation ecosystem. Robotics, AI, IoT & Automation plays an important role in the success of the “Make in India” programme. India ranks third in the world in implementing robotic automation in its core business processes.
The global market for smart factory is expected to reach $150 Bn by 2022. The next-gen factories powered by immense computing technologies, sophisticated sensors, artificial intelligence, robotics and other emerging technologies will become an inevitable reality for every major manufacturer.
The manufacturing industry has been in a continuous struggle to produce high-quality goods at the rate that consumers demand. The new answer can be found through cybermanufacturing. This new concept takes advantage of the advancements in information technology, applying these ideas to the manufacturing process.
Confederation of Indian Industry
(Northern Region) – Sub-Regional Office
Plot No. 249-F, Sector 18, Udyog Vihar
Phase IV, Gurgaon - 122 015 (Haryana)
T: 91 0124 4014073
F: 91 0124 4014060
M: 91 9810307114