IN­DUS­TRIAL REV­O­LU­TION

Auto components India - - EDITORIAL - Bhar­gav TS Ex­ec­u­tive Edi­tor s.bhar­gav@nextgen­pub­lish­ing.net

In­dus­trial man­u­fac­tur­ing com­pa­nies are fac­ing strong de­mand to in­crease their pro­duc­tiv­ity by cre­at­ing smart fac­to­ries and smart man­u­fac­tur­ing sites. The old method of man­u­fac­tur­ing is gone and we are in the new era of man­u­fac­tur­ing com­po­nents. The fac­to­ries of the near fu­ture are evolv­ing into “smart fac­to­ries”, in which net­worked machines con­stantly talk to each other. Th­ese de­vel­op­ments are en­abling man­u­fac­tur­ers to re­spond to sud­den changes in de­mand ever more rapidly – and even man­u­fac­ture mi­cro-batches of tai­lor-made prod­ucts cost-ef­fi­ciently.

To ad­dress th­ese chal­lenges, ‘In­dus­try 4.0’ is the buzz­word used to de­scribe the next in­dus­trial rev­o­lu­tion. We are cur­rently liv­ing through the most ex­cit­ing, densely packed pe­riod in the his­tory of busi­ness and tech­nol­ogy. The growth of au­to­mo­tive in­dus­try in In­dia is the pri­mary growth driver for the ma­chin­ery in­dus­try. The au­to­mo­tive and auto com­po­nents in­dus­try has ac­counted for about 40% of ma­chine tools con­sump­tion in In­dia. There is a pos­i­tive sen­ti­ment in al­most all man­u­fac­tur­ing seg­ments. This en­thuses peo­ple to invest more and gives an op­por­tu­nity for In­dia to be­come a global man­u­fac­tur­ing hub. In­dia is al­ready the au­to­mo­tive ex­port hub in the South Asian re­gion for some of the ma­jor auto OEMs like Hyundai, Ford, Isuzu, Suzuki, Honda, BMW, Mercedes-Benz, and Fiat.

The ma­chine tools in­dus­try in In­dia is highly frag­mented with the pres­ence of nu­mer­ous small, medium, and large sup­pli­ers, which in­cludes in­ter­na­tional and re­gional play­ers. The providers in this mar­ket com­pete on the ba­sis of prod­uct dif­fer­en­ti­a­tion, ser­vice port­fo­lio, and pric­ing. The in­tense com­pe­ti­tion among the ven­dors has re­sulted in in­creased in­vest­ment in R&D and im­ple­men­ta­tion of high tech­nol­ogy so­lu­tions in ma­chine tools. The ma­chine tool in­dus­try is key to the govern­ment’s flag­ship ‘Make in In­dia’ and ‘Skill In­dia’ ini­tia­tives.

The machining and ma­chin­ery in­dus­try is closely tied to eco­nomic con­di­tions. An eco­nomic down­turn usu­ally trans­lates into slow­down in this in­dus­try, and as the econ­omy im­proves there typ­i­cally are de­lays be­fore ma­chine tool ship­ments and em­ploy­ment trends reflect the im­prove­ment. How will this next wave of in­dus­trial evo­lu­tion play out? Will it cre­ate or de­stroy jobs? How will job pro­files evolve? And what types of skills will be in de­mand? The an­swers to th­ese ques­tions are crit­i­cal as they seek to take full ad­van­tage of the op­por­tu­ni­ties aris­ing from In­dus­try 4.0 by en­sur­ing that an ap­pro­pri­ately skilled work­force is in place to cap­ture them.

Hope you find this is­sue in­ter­est­ing. Look­ing for­ward to your feed­back.

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