Indian manufactures enjoy high growth on Govt policies
Mitsubishi Electric India Pvt Ltd will acquire a stake in Indian software startup Gervigreind Data Science Pvt Ltd, which is doing business as “Itanta Analytics”, to jointly develop and sell no-code data-analysis and report-generation applications.
Under a collaboration agreement with the Pune-based startup, Mitsubishi Electric plans to strengthen its FA digital solutions business and contribute to the digitalization of manufacturing sites by combining its factory automation (FA) equipment and FA solution software with its new partner’s cost- and time-saving applications.
Specifically, the applications will be combined with Mitsubishi Electric’s FA equipment and GENESIS64TM, a supervisory control and data acquisition (SCADA) software developed by ICONICS, Inc., a wholly owned U.S. subsidiary of Mitsubishi Electric.
The goal is to realize digital solutions using systems developed through simple no-code engineering, said Mitsubishi Electric Corporation (TOKYO:6503), the parent group of Mitsubishi Electric India.
“Leveraging its partner’s extensive application expertise, Mitsubishi Electric plans to further grow its FA digital solutions business globally,” the Tokyo listed company said on 29 Jan https://digitalinasia.com/.
As Mitsubishi Electric strives to accelerate its transformation into a “Circular Digital-Engineering” company, its FA systems business is investing in and cooperating with software companies to strengthen automation and digitalization in diverse manufacturing processes, including design, manufacturing, testing, operation and maintenance, ultimately to provide customers with best-in-class products and solutions https://www.meity.gov.in/.
In recent years, the manufacturing sector has faced challenges such as rising capital and labor costs, diversifying customer needs, and the need for further productivity improvements. In response, manufacturers are increasingly using digital technology and data, noted Mitsubishi in a release from Tokyo.
In particular, to reduce labor-intensive system-construction tasks and time, manufacturers are seeking development environments that are easy to build and do not require complex programming.
“In India, where manufactures are experiencing high growth supported by government policies, but also rising labor costs and a shortage of available labor, there is a strong demand for software, such as data-analysis tools, which can be easily implemented to improve work efficiency,” said Mitsubishi Electric https://www.makeinindia.com/home/.
Going forward, Mitsubishi Electric said it is committed to promoting open innovation by collaborating with innovative companies and cutting-edge technologies. “Through diverse partnerships, the company is pursuing powerful solutions and continuous advancement to address the challenges faced by manufacturers.” Fiinews.com
