To make clear the transformative journey of the Indian manufacturing sector and emphasize sensible, sustainable practices, Rockwell Automation in collaboration with The Financial Occasions organized the fifth version of ‘India Inc On The Transfer 2024’ (IIOTM) in Chennai.
The day-long occasion introduced collectively policymakers, technologists, area consultants and stakeholders from throughout the sectors within the manufacturing business to share their ideas and concepts on factories of the long run, enhancing effectivity, round financial system and the roadmap to satisfy the manufacturing sector’s trillion-dollar contribution to the nation’s GDP.
In a particular handle, S Krishnan, Secretary, Ministry of Electronics and Info Expertise (MEITY), Authorities of India, emphasised the significance of electronics manufacturing within the nation. He famous that electronics manufacturing is especially vital as it’s set to be, if not already, the one largest sector in manufacturing.
“India’s digital manufacturing is price USD 100 billion a 12 months. About USD 200 billion to USD 250 billion is software program manufacturing. We wish this section to develop to USD 1 trillion in 5 years,” the highest official mentioned.
Dilip Sawhney, MD, Rockwell Automation, shared how India is solidifying its area because the fastest-growing financial system on this planet. He additionally outlined how technology-enabling manufacturing has an enormous function to play on this.
Matthew Fordenwalt, SVP, Lifecycle Providers, Rockwell Automation, mentioned, “Firms in India are placing up about 35% investments in manufacturing, in comparison with 23% in different markets.”
In keeping with Daisy Chittilapilly, President, CISCO India & SAARC, Business 4.0 adoption can assist the manufacturing sector contribute to 25% of the GDP by FY2026.
In the meantime, with the business’s transfer in the direction of newer applied sciences, Rahul Mammen, MD, MRF Tyres, expressed warning saying, “Return on funding (RoI) ought to be checked out earlier than investing in digitization and automation. Don’t be pressured simply because another person is doing it.”
Vinod Kumar Pathak, MD & Lead- Business X, Accenture India, famous how sustainability is vital for enterprise survival and never simply an choice anymore.
System considering is important for sustainability. Science, engineering, and administration are all equally vital in enterprise, identified Dr. N Ramesh Babu, Secy., Superior Manufacturing Expertise Improvement Centre, IIT Madras.
Shedding mild on the automotive sector, Ganesh Mani, COO, Ashok Leyland mentioned the business car maker plans to attain carbon neutrality by 2047 when the corporate turns 100. “After CNG, LNG is arising in an enormous manner as a gas for the business car section.”
On the occasion, Rockwell Automation, working within the industrial automation and digital transformation area, unveiled FactoryTalk DataMosaix, an revolutionary industrial knowledge operations product line. This resolution claims to facilitate the environment friendly harnessing of commercial knowledge in a scalable method, aligning with the business’s shift towards sensible and sustainable manufacturing.
Nandini Raisinghani, Director- Software program Engineering, Rockwell Automation, mentioned, “FactoryTalk Knowledge Mosaix exposes industrial knowledge in an Industrial Information Graph to appreciate worth by means of apps and analytics.”
Amol Deshpande, Group Chief Digital Officer & Head Innovation, RPG Group, shared how India is warming as much as the concept of IT-OT. The IT business has established itself over the previous 3 many years, and the OT sector has a possibility to adapt to it.
In keeping with Inba Rathinam, Regional VP, Lifecycle Providers, Asia Pacific, Rockwell Automation, there are 153 licensed lighthouse factories globally and over 80 of them are within the Asia-Pacific area.
Constructive on the India development story, Sujoy Ghosh, VP & MD, First Photo voltaic, mentioned India’s readiness to get into automation is much more than the West.
“The important thing factor which is lacking in India, is threat capital availability in deep tech,” Ganapathi Ramachandran, Chairman, Trigyn Applied sciences famous.
Matthew Kennedy, VP, Lifecycle Providers | International Capabilities & Innovation, Rockwell Automation added, “For adopting revolutionary know-how, we have to take the strategy of failing quick and failing low cost, and experiment on a smaller scale.”
A variety of interactive plenary periods and case research on the IIOTM occasion superior discussions on key methods to attain sustainable development within the sector. Attendees bought an opportunity to community with the subject-matter consultants fostering connections and collaborations. The occasion additionally showcased interactive demos and expo areas providing a glimpse into the way forward for manufacturing know-how.
You may entry on-demand video recordings of the periods right here –
