‘Make in India’ will help automation grow further

By admin August 12, 2016 4:58 pm

The industrial automation market in India is expected to have a CAGR of 10-12 per cent over a period during 2015-2020.
The industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality improvement, etc. This is further supplemented by certain macroeconomic factors which are poised to bring a positive effect on manufacturing (the key target area for industrial automation) such as the rising disposable incomes of the populace, expanding middle-class, rise in rural demand, urbanisation, and structured and focused initiatives like ‘Make in India’. Efforts are being enhanced to achieve the ambitious target of making manufacturing contribute 25 per cent of GDP and create 100 million jobs by 2022. All these would surely help automation to grow further in India, says Sameer Gandhi, Managing Director, Omron Automation, India. As of now, the industrial automation market in India is expected to have a CAGR of 10-12 per cent over a period during 2015-2020.

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