Rai says FDI to support India’s vision of global manufacturing powerhouse hub
Manufacturing is critical for India’s future economic growth, and it is imperative for industries to adopt automation to drive growth and develop industry 4.0 solutions, which is a crucial part of the fast-evolving electronics and semiconductor ecosystem in India.
Highlighting this, Nivruti Rai, CEO and managing director, Invest India https://www.investindia.gov.in/ , said, “This will attract substantial FDI, create high-skilled jobs, and support India’s vision to become a global manufacturing powerhouse.
“At Invest India, we are committed to driving this acceleration in smart manufacturing, ensuring it fuels our nation’s economic growth while securing its position on the global stage,” he said at the Smart Manufacturing Summit 2024 held in New Delhi by Rockwell Automation, Inc. (NYSE: ROK) https://www.rockwellautomation.com/en-sg.html , the world’s largest company dedicated to industrial automation and digital transformation.
The Summit served as a dynamic forum for thought leaders, innovators, and industry executives to exchange ideas, strategies and gain invaluable insights into the latest trends and technologies shaping the future of automotive, electric vehicle, food & beverage, and household & personal care manufacturing sectors https://www.makeinindia.com/home/ .
Addressing the 250+ delegates at the summit, Shirish Yadav, executive vice president – Manufacturing & Technology, ITC Ltd, emphasized, “Digitalization is essential, not optional, in today’s FMCG manufacturing industry landscape. Emerging trends in distributed manufacturing and hyper-localization stress the importance of cost-effective automation to stay competitive https://ficci.in/api/home .
“It’s crucial for businesses to adapt swiftly to market demands, optimize production processes, and enhance operational efficiency; ultimately driving growth and sustainability in the FMCG manufacturing sector https://www.phdcci.in/ .”
Veena Lakkundi, senior vice president of strategy & corporate development, Rockwell Automation, elaborated, “Manufacturers, globally, are increasingly using cutting-edge technologies for more intelligent automation, improve business outcomes, and achieve sustainability. Indian manufacturing sector is shifting towards adoption of smart manufacturing technologies https://www.cii.in/ .
“We see huge potential in the Indian market and look forward to playing our part in its future growth and development https://attentionindia.com/ .”
Speaking on the occasion, Dilip Sawhney, managing director, Rockwell Automation India, said, “Embracing smart manufacturing and digital transformation is critical for staying ahead in today’s competitive market https://www.ibef.org/ .
“By harnessing the power of advanced technologies such as artificial intelligence and the Internet of Things, we can unlock new levels of productivity and agility. At Rockwell Automation, we are committed towards enabling our customers to achieve superior business outcomes by leveraging these technologies, and thriving in this digital age https://digitalinasia.com/ .”
The Automotive session of the Summit delved deep into manufacturing operations, quality control and technical innovation, equipping attendees with actionable strategies for navigating the evolving automotive landscape. The FMCG session highlighted the importance of agile and sustainable manufacturing practices that enable attendees to effectively respond to dynamic market demands https://www.conexpoconagg.com/ .
The event was designed for a diverse audience from the Automotive and FMCG sectors https://www.sidm.in/ . The panel sessions organized provided a platform to deepen understanding of effective stakeholder value creation. In addition, participants uncovered useful insights aimed at promoting more effective business growth and taking advantage of emerging opportunities, Rockwell Automation said in a release on 3 Jun.
Rockwell Automation, Inc. (NYSE: ROK), visit www.rockwellautomation.com is a global leader in industrial automation and digital transformation. Fiinews.com
