‘Make in India’ grows with smart manufacturing

By OEM Update Editorial January 14, 2021 10:18 am

The use cases are – autonomous mobile robots (AMR), collaborative robots, digital twins, augmented reality, and asset condition monitoring. The report shows that all the use cases can pay for themselves in three to five years, and when all five are deployed together, payback can occur within two years.

According to the World Bank, manufacturing accounts for around 16% of the world’s GDP, and is one of the foundations for the global economy. With a growing concern around falling GDPs across countries, stabilizing the manufacturing sector is critical. The need to do so is more profound in countries like India which are positioned to be the manufacturing hubs for the world. Smart manufacturing together with Industry 4.0 is emerging as the next step towards calibrating manufacturing for the future.

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