Manufacturing sector in India contributes only 16% of country's GDP, of which nearly 45% contribution is from the automotive industry alone. Hence, the economic development of the country will require encouraging and accelerating country's automotive industry to the next level.
The fourth industrial revolution - Industry 4.0 is slowly making its way into the factories. The production processes are increasingly getting automated and integration of digital technology to enhance efficiency is being adopted. Data driven decision making is finding its way into, both the manufacturing process, as well as the on-road vehicle operation and penetration of connected vehicle is slowly increasing.
This report, prepared jointly by CII and Roland Berger, assesses the impact of Industry 4.0 on the manufacturing sector. The salient features of this report include:
- Industry 4.0 – An overview –
1. What does it mean and what is its impact?
2. Why are companies (and countries) interested?
3. Key elements and select case examples – focus: automotive
- Opportunities, challenges and way forward for Indian companies
It was unveiled at the Automotive Industry 4.0 Summit held on 27 September 2017 at Gurugram, Haryana.