Mfg Cos will become digital ones in a decade: Official

Top Stories

»	Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns
»	Forced labour import curbs: US proposes up to 12.5 pc tariff on 60 countries, including India
»	GST collections clock nearly Rs 2 lakh crore in May after robust April
»	Centre clears first Strategic Investment Plan under PM-SETU scheme
»	Gold dips 1.36 pc this week over stable dollar, Fed rate hike expectation

SME Times News Bureau | 06 Nov, 2015
Calling for turning India into a hub for design, manufacture and innovation, a top official on Thursday projected that manufacturing companies would become digital ones in ten years time.

"Manufacturing companies will become digital companies in 10 years," Industrial Policy and Promotion Secretary Amitabh Kant said while inaugurating the Bosch Smart Manufacturing Conclave in Mumbai.

"We must equip our schools and colleges with 3D machines and robots. Manufacturing will be driven by them," he said.

Bosch Engineering and Business Solutions president Vijay Ratnaparkhe said: "We believe that the use of intelligent and connected solutions in manufacturing will play an increasing role in India."

Meanwhile, Bosch India, a leading supplier of technology and services, has signed a pact with the Indian Institute of Science (IISc) for local research and innovations.

The memorandum of understanding (MoU) was signed in the presence of President Pranab Mukherjee at the Rashtrapati Bhavan on Thursday, the company said in a statement.

"This partnership between industry and academia further enforces our ties with IISc and underlines our commitment towards local innovations, according to our slogan 'Invented for life'.

"We expect to see positive results as we collaborate in research on areas of strategic interest, such as mobility, healthcare, energy and water," Bosch Group India president Steffen Berns said in the statement.

"With the MoU sign off, we look to engage in deeper research that will improve the quality of life in totality," said IISc director Anurag Kumar.