“Make in India” Initiative Reveals Mammoth Opportunities for Transformation and Growth in the Automation Sector for Manufacturing, Finds Frost & Sullivan

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Mumbai, Maharashtra, India
Frost & Sullivan, the exclusive Knowledge Partner at the SPS Automation India, held from April 07-09, 2016 at Ahmedabad, launched a Whitepaper at the event titled “Make in India Initiative for Smart Manufacturing with Automation”.

The global manufacturing market is at the crossroads as the burgeoning competition, huge influx of technology, and volatile global economy has pushed the need for transformation across the manufacturing value chain. A reflection of this growing need is witnessed in the new programs and initiatives that are mushrooming across the world. Concepts like Industrial Internet of Things (IIoT), Industry 4.0, and smart or advanced manufacturing resonate the fundamental challenges pervading the global manufacturing landscape. At the supplier level, this has given way to the emergence of new applications with a heavy influx of commercial Information and communications technology (ICT).

The Indian Government has been quick to realize the importance of becoming a manufacturing powerhouse to sustain in this competitive global industrial environment. Initiatives such as Make in India have paved an easy path for global manufacturing companies to set up large-scale manufacturing plants in India. This will ensure the implementation of best practices in manufacturing in India.

With this background, the whitepaper talks about Internet of Industrial Things and the Four Functional Facets that will form the main backdrop, namely, Industrial Convergence, Services 2.0, Supply Chain Evolution, and Business Ecosystem. It can be defined as a new manufacturing framework that will be a confluence of technologies, collaborative exercises, and process innovations. Apart from this, the Whitepaper covers the following:

Internet of Industrial Things (IIoT): The Four Functional Facets
IIoT-based Technology Trends
Manufacturing Sector in India
Role of Automation in the Manufacturing Sector
End Users’ Expectations from IIoT
Challenges to IIoT Implementation
Future of IIoT in India

Mr. Niju V, Director, Frost & Sullivan said, “The country has already started its journey into the realms of the Industrial Internet of Things to reach global standards of manufacturing. With significant support from the Government and FDI inflows, new strategic partnerships are emerging and technology-based manufacturing is being implemented on the plant floor. Technology-driven manufacturing is poised to grow the confidence and faith of global customers bringing-in large-scale investments for development of manufacturing sourcing and knowledge center in India.”

“For successful IOT implementation, existing and upcoming manufacturers have to embrace new technologies and the older generation has to invest their vast experience to ensure higher returns on investment. The culminations of all the aforementioned technological forces will help transform India into a manufacturing capital of the world,” he added.

This year, SPS Automation India focuses on driving manufacturing processes of the future and will provide a platform for information on products, innovations, and current trends within the automation industry. It will witness participation from various industries such as Automotive, Pharmaceutical, Oil & Gas, Factory Automation, Electric Drives & measurement, Process machinery & equipment manufacturing, and many others.

On the occasion, Kamal Shah, Senior Fellow, Vice President Business Development — Europe, China, & India, Frost & Sullivan said, “Frost & Sullivan is glad to be a part of SPS Automation India as the Knowledge Partner for the consecutive year. These platforms help Industries to capitalize and learn from the rapidly changing environment that influence companies take informed decisions and stay ahead of the competition.”

To know more about the Whitepaper, titled “Make in India Initiative for Smart Manufacturing with Automation”, please email to Priya George, Corporate Communications, at priayg@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state, and country.

Frost & Sullivan’s Automation & Electronics Practice specializes in leveraging global industry-specific expertise to help organizations develop strategies for their growth in this market. In an era where knowledge is the key differentiator, we help companies take informed decisions and stay ahead of the competition and the growth curve. Frost & Sullivan brings together the expertise required for strategy consulting, market / industry research and geographical reach to maximize strategic value for the clients. Our pedigree of 55 years in delivering top-notch advice and intelligence to clients, globally, is an asset that ensures tangible benefit for every client engaged with us.

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