FRANKFURT, Germany, Nov. 18, 2015 /PRNewswire/ -- With 58-60 million people employed in the Indian manufacturing industry, representing about 12 percent of the country's overall working population, the Indian manufacturing landscape needs to undergo a massive revamp in order to remain competitive in terms of investment, infrastructure, and technology. The Indian Government therefore, invented a strategic initiative called 'Make in India' to reform the manufacturing industry in the country. With this roadmap laid out for the industrial sector, the concept of Industry 4.0 could form a key part of the debate surrounding the Make in India initiative.
The impact of Industry 4.0 on the Indian manufacturing industry will be outlined by Frost & Sullivan Global President and Managing Partner, Mr. Aroop Zutshi, during his presentation at upcoming SPS IPC Drives exhibition in Nuremberg, Germany. On Wednesday, 25 November 2015, he will discuss how Industry 4.0 will become an inevitable necessity for the Indian manufacturing revolution. Mr. Zutshi will deliver his presentation at the VDMA Forum in Hall 3, Stand 3-668 at 9:20 am CET.
For complimentary access to more information on the Industry 4.0 Ecosystem as outlined in a new Frost & Sullivan report, please visit: http://ow.ly/TTbgP
"Although German in provenance, the concept of Industry 4.0 is bound to achieve global resonance," explains Mr. Zutshi. "India will have to take part in the development of a globalised manufacturing environment, and the Make in India initiative is a solid kick-off in this direction."
India's manufacturing industry contributes around 16 percent of the country's Gross Domestic Product (GDP) each year and less than two percent of the overall global manufacturing output. With nearly 250 million people set to enter the workforce in the next 15 years however, the adoption of Industry 4.0 will be an inevitable necessity for the Indian economy in realizing its plans of elevating its manufacturing industry to global levels of excellence.
If you would like to receive the slide deck after the presentation, please contact Katja Feick, Corporate Communications, at katja.feick@frost.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Contact:
Katja Feick
Corporate Communications – Europe
P: +49 (0) 69 / 77 0 33 43
E: katja.feick@frost.com
Twitter: @Frost_Sullivan
Facebook: FrostandSullivan
