Wednesday, August 26, 2026
  • 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
  • UP InternationalTrade Show
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
Fiinews
No Result
View All Result
Home Economy

Industry 4.0 would create more jobs, assures Chaturvedi

Fiinews by Fiinews
March 17, 2019
in Economy, Industry Sectors, Investment, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
12
VIEWS
LinkedinShare on Twitter

Govt’s fillip for Industry 4.0

 

NPC.

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.

This has clarified by Atul Chaturvedi, Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), on 13 Mar 2019.

This 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 was speaking at the symposium on ‘Productivity Growth with Industry 4.0 Standardisation’, organised by FICCI, jointly with the National Productivity Council (NPC) and Asian Productivity Organization (APO).

Chaturvedi said that India is going to be US$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. The time now was to skill and re-skill the workforce to grasp and align their expertise with the requirements of Industry 4.0.

He pointed out that India had emerged as the most preferred destination for R&D activities of top companies of Europe and the US and much of the rest of the developed world because of the environment that protects IP and facilitates innovation and R&D.

The 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.

The 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 added.

Dr. Amita Prasad, Director General of NPC, emphasised the need to adopt manufacturing standards that are commonly agreed to and not just copy the global standards unilaterally. Security and safety of data was another area that had to be carefully monitored and ensured, she added.

Hikaru Horiguchi, Director, Asian Productivity Organization, said that the organisation was focussed on raising the technological capacity of SMEs and environment friendly growth. The accent was on developing awareness and capability in adopting Industry 4.0 standards.

Dr. R. K. Bajaj, Scientist G – Deputy Director General (Standardisation), Bureau of Indian Standards, said that Industry 4.0 entailed bringing cutting edge technologies in all processes to automate and optimise the performance of industrial enterprises.

He sought the active involvement of all stakeholders in the development and updating of industrial standards.

Rajeev Singh, Co-Chairman FICCI Industry 4.0 Committee & Partner Management Consulting, Deloitte Touche Tohmatsu India LLP, said that in the pursuit of Industry 4.0, standards and policy were critical.

He added that the priority for industry was to address the issue of data security and standards and protocols. fiinews.com

Tags: Asian Productivity OrganizationFederation of Indian Chamber of Commerce and IndustryNational Productivity Council
ShareTweetShare

Related Posts

PIB
Investment

Invest: Japanese updated on prospects in India

by Fiinews
August 26, 2026
0
14

Financial institutions shared their growing engagement with India at Tokyo talks Minister of Commerce and Industry Piyush Goyal have discussed...

RBI
Investment

Invest: RBI’s USD-INR Swap Facility collects $73bn

by Fiinews
August 26, 2026
0
17

Indian diaspora reposed faith in banking system, says Ministry The Reserve Bank of India's special USD-INR forex swap facility for...

SATS Ltd

Invest: SATS committed to developments in India

August 24, 2026
26
PIB

Tech: BRICS adopts Chennai Declaration

August 24, 2026
20
Skyroot

Tech: PM interacts with Space startups

August 23, 2026
16
Shell

Tech: TDB-Shell to promote innovation in economy

August 22, 2026
20
SBI YONO
Upits 2026 brochure 062026 pdf

POPULAR NEWS

  • Cristina Dnv

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

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

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

    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

  • Market: Businesses must set up digital identity
  • Manufacture: Tokyo given Semicons-AI highlights
  • Invest: Japanese updated on prospects in India
  • Tender: India to build 10 ships; 4X port capacity
  • Tender: MoRTH to review highway subcontractors

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
  • UP International

© 2024 FIINEWS - Design and developed by 7clicksmedia.