SME Times News Bureau | 13 Mar, 2019
Atul Chaturvedi, Additional Secretary, Department
for Promotion of Industry and Internal Trade (DPIIT), said
that the debate around embracing Industry 4.0 and the job losses that it could
entail had settled in favour of new and more jobs that the new industry
paradigm would create.
had emboldened the government to give a fillip to adopt and assimilate the best
standards from the expertise available from within and outside the country and
march ahead to impart competitiveness to manufacturing and services, he said.
Speaking at an event, Chaturvedi said that India is
going to be $5 trillion economy in the next five years and the aim is to
achieve it faster by increasing competitiveness of industry and adopting
new technologies like Industry 4.0.
time now was to skill and re-skill the workforce to grasp and align their
expertise with the requirements of Industry 4.0, he said.
He said India had emerged as the most
preferred destination for R&D activities of top companies of Europe and the
U.S. and much of the rest of the developed world because of the environment
that protects IP and facilitates innovation and R&D.
government, on its part, was doing its utmost to ensure that expertise from
within and outside the country flows in to give manufacturing a fillip.
government is partnering with other countries like Germany with its Mittelstand
companies to tap their technologies for the benefit of India's MSME sector, he
Amita Prasad, Director
General, National Productivity Council, emphasised
the need to adopt manufacturing standards that are commonly agreed to and not
just copy the global standards unilaterally.
and safety of data was another area that had to be carefully monitored and
ensured, she added.