MSMEs showcase technological strength to bring its manufacturing closer to ‘Industry 4.0'
New Delhi, Apr 13 (KNN) Large number of Micro, Small and Medium Enterprises (MSMEs) showcased technological strength and motive to bring its manufacturing closer to ‘Industry 4.0 at the high level visit, coinciding with the world renowned Hannover Messe engineering fair.
The fair was organized by the apex engineering export organization Engineering Export Promotion Council (EEPC) India with the support of the Ministry of Commerce and Department of Heavy Industry.
Senior Indian Government officials, scientists, academia and industry leaders visited the manufacturing and research facilities of top German companies including BMW, Airbus and Siemens at Munich, Hamburg and Berlin respectively to see how best the Indian industry can integrate itself with the fast changing technology and the best global manufacturing practices, according to the EEPC India.
The Indian delegation which held several key meetings and interactive sessions with the German investors, was led by the Secretary in the Department of Heavy Industry, Dr. A.R. Sihag and comprised, among others Joint Secretary in the Department Sukriti Likhi.
"India aims to increase the share of manufacturing sector in its economy from 18% at present to 25% in the future. India offers a large market and offers perfect complementarity for advanced markets of the world like Germany,” Dr Sihag said.
Senior scientists from the prestigious Indian Institute of Science were also part of the delegation. Crucial initiatives were taken to reach out to potential and existing German investors briefing them about different aspects of reforms being undertaken by India to improve ease of doing business and scaling up of infrastructure support for facilitating the manufacturing.
German companies like Beckhoff, Siemens and Nord Drive Systems were among those which pre-dominantly participated in the ‘India Investment Meet’, organized at Hannover in the first week of this month.
The Indian team and participation by 60 companies, MSMEs, showcased technological strength and motive to bring its manufacturing closer to ‘Industry 4.0 ‘.
In order to get first hand insight into the various technologies and products processes in the various sphere.