Confederation of Indian Industry (CII) Jharkhand organised its Fifth Edition of Manufacturing Conclave on Tuesday on the theme of ‘The Future of Manufacturing’.
The conclave deliberated on the best practices in Manufacturing and discuss on the latest trends that are available in the industry to enable manufacturing excellence and covered important topics of discussion including “Driving the Future of Manufacturing with Industrial Internet of Things (IIoT)”, “Robots & Cobots: Human-Machine Partnerships and Work of the Future” & “Advances in 3D Printing & Additive Manufacturing Technology”.
JUVNL Tapas Sahu, chairman, CII Jharkhand State Council & MD & CEO, Highco Engineers Pvt said that India being at the forefront of the next technology revolution through a thriving startup ecosystem is likely to further spur growth and innovation. Industry 4.0 in its various forms is making its way into the ‘Indian way’ of doing business. Digital technology, Augmented Reality, Use of robots, Artificial Intelligence, Machine learning etc. are areas of great intrigue and significant investment that are being made by companies across sectors. Manufacturing will be transformed from single automated cells to fully integrated, automated facilities that communicate with one another and boost flexibility, speed, productivity and quality.
JUVNL Ram Phal Nehra, Convenor, CII Jharkhand Manufacturing & engineering panel & plant manager – director, Tata Cummins Pvt Ltd said that in order to remain globally competitive, the Indian manufacturing sector will have to strategize and plan how to take advantage of automation to leapfrog over the present labour intensive and uncertain manufacturing paradigms to a “smart” set up. Manufacturing companies will have to earmark additional investments and skills to take this leap and be a part of the “smart” world.
JUVNL Ranjot Singh, chairman, CII Jamshedpur Zonal Council & Managing Director, Emdet Jamshedpur Pvt Ltd said that MSME manufacturing firms have been imperative to the growth of the Indian economy. These small to medium-sized ventures have always contributed largely to the country’s GDP, and to different aspects of its development. The Indian MSME sector contributes about 29 percent towards the GDP through national and international trade. As per MSME Ministry data, as of May 16, 2021, India has approximately 6.3 crore MSMEs (including both service and manufacturing firms). It must be noted that this sector still has a lot of unexplored territories for growth.
JUVNL Ujjal Chakraborti, managing director, JCAPCPL in his address on Manufacturing industry perspective said that deliberating on the future of Manufacturing in our country, we feel that the future trends rest in faster adoption of technologies that would reduce the turnaround time, with improved quality standards. Access to Technology and increase in Automation in the sector would help boost the growth and enhance the contribution to the global economy as well. The major pillars which will lead to a transformation in Manufacturing are 4S viz a viz Scale; Skill; Sustainability; Science & Technology.