Smart Manufacturing is forming the basis of the next Industrial Revolution. Paradigm shifts in the global manufacturing space are increasingly threatening India’s manufacturing growth story. Re-shoring has become an active trend as manufacturing superpowers diligently build an enabling eco-system to help companies reduce operating costs, yet at the same time improve their value proposition to the customer by employing smart manufacturing solutions.
Companies using Smart Manufacturing solutions are witnessing return on investments within 2 years with an average increase in annual revenues of 2.9% and reduction of costs by an average of 3.6% per annum, as per a global survey done on 2000 companies across 9 sectors (including aerospace, defence and security, industrial manufacturing, engineering and construction, chemicals, electronics, transportation and logistics, automotive, metals and forest and paper and packaging) and 26 countries by a leading global consulting firm.
Department of Heavy Industry (DHI) are working on driving adoption of Industry 4.0 in tandem. DIPP and DHI are also in the process of creating a policy for advanced manufacturing for India and your inputs and suggestions will be valuable in framing this policy.
With this background CII in partnership with DHI is organizing the ‘CII – DHI workshop on Advanced Manufacturing’ on Monday, 23 March 2017 which will give your organization an opportunity to learn from industry leaders on global best practices that are being implemented across the globe towards building smart factories for the future. It will also be a good opportunity to provide inputs and guidance for the design of the smart manufacturing policy framework while it is under development.