Wednesday, July 30, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Economy

India talks: innovation in manufacturing R&D

Fiinews by Fiinews
June 26, 2018
in Economy, Industry Sectors, Investment, Manufacturing, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Industry leaders call for innovative manufacturing

CII Logo

 

Innovation in manufacturing Research & Development is must to achieve ‘New India’, Dr H Purushotham, CMD, National Research Development Corporation (NRDC), has stressed.

“The manufacturing sector needs to increase its investment in Research and Development (R&D) to achieve ‘New India’, he told the Manufacturing Innovation Conclave 2018 (MIC2018) which was organised by the Confederation of Indian Industry in New Delhi 22 June 2018.

Dr Purushotham pointed out that the Indian government was leading the R&D work with more than 70% financial contribution compared to 30% contribution made by governments of development countries, supporting 70% forked out by the private sector.

While detailing NRDC’s forte and core expertise, Dr Purushotham highlighted the government’s focus on encouraging innovation for ideas that are fresh and have competitive advantages.

In his Keynote Address, Dr Raghupati Singhania, CMD, JK Tyre & Industries Ltd underlined that technology advancement, adequate education and training remain vital for continuation of innovation and growth.

“Through manufacturing innovation, we can accelerate our efforts in advancing expertise among the incumbent workforce, creating countless growth opportunities in the industry,” he said.

Dr Singhania elaborated, “Though the fundamental of manufacturing will remain constant, the time has arrived where we need to innovate the way we execute those fundamentals. We must incorporate the 4 M’s of manufacturing i.e. Material, Manpower, Machine and Method with innovative technologies.”

The manufacturing sector will experience more technology driven advances with breakthrough work in spheres such as nanotechnology, ‘connected’ assets with IoT, AI, machine learning, advanced analytics and additive manufacturing, according to Dr Rishi Bhatnagar, Conclave Co-Chairman & President, Aeris Communications India.

“Indian Companies with an innovation edge will have a strong competitive advantage,” he added.

A CII-Deloitte report titled ‘Building Manufacturing, Building India’ was also released during the Manufacturing Innovation Conclave 2018.

The conclave was attended by over 250 delegates from the manufacturing sector including industrialists, technology companies, consultants, academia and other stakeholders. fiinews.com

Tags: Confederation of Indian IndustryNational Research Development Corporation
ShareTweetShare

Related Posts

BP
Projects

Project: RIL-ONGC-BP explore GS-OSHP-2022/2

by Fiinews
July 30, 2025
0
13

Minister updates Rajya Sabha on exploration surge Reliance Industries Limited (RIL) has entered into a Joint Operating Agreement with Oil...

Mcga Mccerts
Projects

Project: Rs.16,300cr allocated to Critical Mineral Mission

by Fiinews
July 30, 2025
0
12

PSUs to invest Rs.18,000cr on critical minerals The Cabinet has approved the launch of the National Critical Mineral Mission (NCMM)...

Buildbharat

Manufacturing: DPIIT-Ather collaborate for EV growth

July 30, 2025
16
LTTS

Project: LTTS wins $60m telecom contract

July 29, 2025
18
PHDCCI

Project: India needs financially aware society

July 29, 2025
12
PIB

Project: Minister assures 100% FDI in shipping

July 28, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: RIL-ONGC-BP explore GS-OSHP-2022/2
  • Project: Rs.16,300cr allocated to Critical Mineral Mission
  • Manufacturing: DPIIT-Ather collaborate for EV growth
  • Market: Nedia-Birla to work across Americas
  • Project: LTTS wins $60m telecom contract

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.