VDMA Symposium on Industry 4.0
World over, the new concept - ‘Industry 4.0’ is fast gaining momentum. This new, disruptive technology based on digital innovations has recently found its curve of progression and has transformed and reshaped the way things are viewed in the manufacturing segment.
According to International Yearbook of Industrial Statistics 2016- published by UNIDO with its ranking going up by three places, India has now been ranked sixth among the world’s 10 largest manufacturing countries. India is no exception to this global trend and is steadily increasing its share of Global Manufacturing GDP.
According to IBEF, the Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25 percent of Gross Domestic Product (GDP) by 2025, from 16 percent currently. IoT, being one of the most important aspects of Industry 4.0 for India, is expected to capture close to 20 percent share in global IoT market in the next five years. According to IBEF forecast, the IoT market in India is projected to grow at a CAGR of more than 28 percent during 2015-2020. Government of India has taken initiatives such as Green Corridor and ‘Make in India’.
India has a unique opportunity to innovatively pave its own road to Smart Manufacturing. Industry 4.0 is expected to transform manufacturing in India by bringing operational efficiencies to manufacturing industries like automotive, electrical and electronics, Aerospace. The major area of focus shall be the technological advancement across various industries. IIOT (Industrial Internet of Things), 3D printing, 3Dsensors, social software, augmented reality, location awareness are considered to usher in the next era of smart production. These automation technologies collectively are moving the manufacturing industry towards the next phase of technological advancement.
Against this backdrop and to create more awareness among the manufacturing industry we are organising symposium on Industry 4.0 on 6th and 8th June 2018 in Bangalore and Pune respectively.
The event would be a confluence of industry veterans, policy makers, academia, and research institutions. Decision makers of VDMA members, Indo German companies, Indian companies from engineering industry from both the cities are expected to participate.
Notable speakers from companies from Germany and India would enlighten the audience on various facades of Industry 4.0 - Smart Factory, Digitization, predictive maintenance, Business model/ Strategy, Data security.
Participation by invitation only.
For details, please contact: firstname.lastname@example.org / Ph: 033- 4060 2364
Source of the image : VDMA