Industry 4.0 is at an inflection point in Indian manufacturing. Government of India has a target of increasing contribution of manufacturing sector from 16 percent to 25 percent by 2025.

Government of India has taken initiatives to upgrade infrastructure through Digital India, Make in India, PLI Scheme, Industrial Zones and encourage MSME sector to for technology transformation. This coupled with corporate investment will push Industry 4.0 adoption.

Indian Government has created 5 experiential and demonstration centers for Industry 4.0  to promote digital automation in Indian manufacturing sector.

India manufacturing technology investments of about $5.5-$6.5 Bn is spent on IoT platforms, Cloud, Cybersecurity, Data Analytics, AI/ML, AR/VR IoT platforms, Cloud, and Cybersecurity.

Discrete manufacturers, led by the Auto, Electricals, and Electronics sectors, are leading the Industry 4.0 spending, while process manufacturers are investing more in process automation.

Leading sectors in adopting Industry 4.0 technologies are automotive, electrical, electronics, pharmaceuticals, and chemicals.

The opportunity is huge for Israeli Industry4.0 companies to enter the Indian market and offer their solutions to Indian industry.

Israel has more than 200 listed startups offering Industry 4.0 solutions in Robotics & Automation, Artificial Intelligence, Cyber Security, Energy, AR/VR, IIOT, Additive Manufacturing and Sensors.

For more information please contact kamal.rabha@israeltrade.gov.il

 

Ref: https://www.expresscomputer.in/industries/manufacturing/industry-4-0-is-at-an-inflection-point-in-indian-manufacturing-ananth-chandramouli-managing-director-india-business-unit-capgemini/87742/