Industry 4.0 – An Indian Perspective
Industry 4.0 is all about optimisation of smart supply chains, factories and distribution models where machines capture and transfer data machine-to-machine and also to human operators. The aim is to enable businesses to make quicker, smarter decisions, while minimising costs.
Industry 4.0 is likely to be gradually adopted worldwide and will influence other initiatives and cooperative efforts. In general, there are nine key technological components that progressively make up the foundation of Industry 4.0: Autonomous Robots, Big Data, Augmented Reality (AR), Additive Manufacturing, Cloud Computing, Cyber Security, IoT, System Integration, and Simulation.
According to IBEF, the Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25 percent of Gross Domestic Product (GDP) by 2025.
The IoT industry is a proposed development of the Internet in which everyday objects are likely to have network connectivity, allowing them to send and receive data. IoT, being one of the most important aspects of Industry 4.0 for India, is expected to capture close to 20 percent share in the global IoT market in the next five years. According to IBEF forecast, the IoT market in India is projected to grow at a CAGR of more than 28 percent by 2020.
Major Indian states are taking initiatives to adapt to Industry 4.0. Andhra Pradesh has taken an initiative to capitalise on the IoT potential in the country. The state government has approved a first-of-its-kind IoT policy with an aim to turn the state into an IoT hub by 2020 and tap close to 10 per cent of the market share in the country.
The Government of India has taken initiatives such as Green Corridors and ‘Make in India’. India has committed over US$ 1 billion in this initiative and has started projects in many states, such as Andhra Pradesh, Rajasthan, Tamil Nadu, Gujarat, and Himachal Pradesh.
India’s first smart factory, moving from automation to autonomy, where machine to machine communication will be in use, is being set up in Bengaluru. It is making progress at the Indian Institute of Science’s (IISc) Centre for Product Design and Manufacturing (CPDM) with an investment from the Boeing Company.
A smart factory armed with data exchange in manufacturing and the Internet of Things (IoT) is the future and experts are calling it revolution Industry 4.0. Reports peg the smart factory industry to touch US$ 215 billion by 2025 and expect that all major economies are likely to accept it.
For Indian Manufacturing to win against global competition the “Make in India” initiative has to integrate with the principles of Industry 4.0. India has a unique opportunity to innovatively pave its own road to Smart Manufacturing. Industry 4.0 is expected to transform manufacturing in India by optimising operational efficiencies in manufacturing industries like automotive, electrical and electronics.
The major area of focus shall be the technological advancement across various industries. IIOT (Industrial Internet of Things), 3DP (3-dimensional printing) 3D sensors, social software, augmented reality and location awareness are likely to usher in the next era of smart production. These automation technologies collectively are moving the manufacturing industry towards the next phase of technological advancement.
India has a number of programmes to enable innovation and ensure the talent pipeline for manufacturing. Some are well established, and others are quite new and very innovative. Industry 4.0 presents tremendous opportunities, and this fact highlights the need for a highly trained workforce and production capacity that can answer the needs of tomorrow as well as those of today.
Source: India’s Readiness for Industry 4.0 – A Focus on Automotive Sector (Grant Thornton)