Visions in Manufacturing: How India Could Become the Next manufacturing Hub

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Automation and robotics

Although artificial intelligence (AI) has already begun to play a bigger role in the manufacturing industry, statistics show that apart from the big players only a very minute number of MSMEs and SMEs have been adopting the technology in India.

CEO, Micromatic Machine Tools Pvt Ltd, TK Ramesh expounds, “Smart machines or equipment also known as intelligent machines will be playing a bigger role in the industry. The coming years will first include machines with self-diagnostics capabilities — machines capable of telling of informing potential failure, real failure, greasing requirements, etc. The next phase will include self-healing or mending machines that could be programmed for a routine maintenance procedure.”

Promoting ‘Brand India’

The government is making efforts to give manufacturing a boost. Director – Automation and Electronics Practice, South Asia & Middle East, Frost & Sullivan, Niju, too admits that with the campaigns ‘Make in India’ and ‘Made in India’, the sector has seen a positive growth: “The current government is focused on creating the right image for the country among the investors. Besides friendly policies, the government is trying its best to steer clear of any controversial moves which will create doubts in the mind of potential investors. Many of the archaic laws are being repealed so that the justice systems move fast and efficiently. Investment zones are being promoted along with easing of land and environment regulations.”

Additionally, foreign investments add a great deal to India’s economy. Global Delivery Head – Blue Star Info Tech, Ramesh Subramanian discloses, “FDI inflows to India increased 17 per cent in 2013 to reach $28 billion, as per a United Nations (UN) report, which clearly shows the faith that overseas investors have in the country's economy. Reforms in policies of Foreign Investment Promotion Board (FIPB) has promoted the government to approve 19 proposals of FDI amounting to about ₹2,326.72 crore ($380.25 million).”

Conclusion

It is true that India’s manufacturing industry is not at its full potential. However, saying that it is also true that the country is not idling away. New reforms and industry enthusiasm will not only pave the way for showcasing technology prowess but also create a number of jobs.

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