The Innovation and Startup Committee organised an Industry 4.0 Global Summit in New Delhi on the 6th of December.
Mr. Bharat Mehta, Co-Chairman, Innovation and Startup Committee, explained the nuances of Industry 4.0 which is all about optimization of smart, flexible supply chains, factories and distribution models where machines capture and convey more data via machine-to-machine communications and to human operators. All this aims at enabling businesses to make quicker, smarter decisions, all the while minimizing costs. This, in turn, increases manufacturing productivity, fosters industrial growth and modifies the profile of the workforce.
Mr. Deepak Pahwa, Chairman, Industry Committee, PHD Chamber of Commerce and Industry (PHDCCI), said that smart manufacturing is the need of the hour to boost the manufacturing sector in India. Industry 4.0 which encompasses a promise of a new industrial revolution – one that marries advanced manufacturing techniques with the Internet of Things to create a digital manufacturing enterprise – is no longer a fad but a reality. In many of the large advanced economies, labor productivity rates have stagnated for years. India can’t afford to repeat that experience, and Industry 4.0 may provide the way out.
The importance of re-skilling the workforce and engineers in India was also stressed by the speakers. Digital tools for the future factory and international practices in implementation and policy design for Industry 4.0 were the other areas of deliberations at the Summit.
Prominent among those that addressed the Summit were Prof. Sunil Jha, Head, Dealer Business, SMC Pneumatics, Mr. Brajesh K. Poddar, Sr. Consultant, Solutions & Business Development, Hi-Tech Robotics Systems Ltd., Mr. Kunal Pruthi, Partner – Digitech, Grant Thornton Advisory Pvt. Ltd., Mr. Depender Kumar, Mr. Vipin Goyal, COO, Veative Labs Pvt. Ltd., Mr. Kunal Singhal, MD, EAZY ERP Technologies Pvt. Ltd., Mr. Dayal Nathan, Founder & CEO, Energyly, Mr. Urvesh Goel, Sr Fellow, DYZRUPT, Mr. Amish Lakhani, Project Leader – Industry 4.0, Bosch Rexroth, Mr. Sandeep Aggarwal, CEO, ProBizz Inc., Mr. Navin Kumar, Associate Director, Grant Thornton Advisory Pvt. Ltd., and Mr. Sumit Duggal, Co-Chairman, Innovation & Industry 4.0 Committee, PHDCCI.
On the occasion, a Knowledge Report, jointly prepared by PHDCCI and Grant Thornton on “Industry 4.0: Transforming the Manufacturing Landscape”, was released. Karnataka was the Partner State, and the Department of Science and Technology, gave its logo support. MOTORINDIA was the Media Partner, and the European Business Group and Eazy ERP were the supporters.