Coimbatore, Aug 24 (KNN) The Tamil Nadu Minister for industries T R B Rajaa on Tuesday said that the principles of 'Industry 4.0' will help the state reach its goal of becoming a USD 1 trillion economy by 2030.

Speaking at the discussion hosted by the Tamil Nadu government and the World Economic Forum, the minister said "Advancing into the future of manufacturing with the principles of 'Industry 4.0' is vital for realising the target set by the chief minister of Tamil Nadu.”

Rajaa expressed the government's dedication to creating the India Centre for Advanced Manufacturing in collaboration with the World Economic Forum. He highlighted Tamil Nadu's pioneering role in driving India's economic growth and positioning itself at the forefront of the Fourth Industrial Revolution.

The event convened more than 20 business leaders to discuss the establishment of the 'India Centre for Advanced Manufacturing' in Chennai.

The India Centre for Advanced Manufacturing aims to assist companies in innovation, sustainability, and research and development efforts. Leveraging the global expertise of the World Economic Forum and the insights of Guidance Tamil Nadu into local priorities, the Tamil Nadu government plans to establish the Centre in Chennai.

As per reports, the three main areas of focus for the Centre include: technology adoption and innovation, engagement between industry and academia, and sustainable production.

The Minister outlined the Centre's three-fold objectives, including: supporting cutting-edge innovation, fresh business models, and digital transformation for manufacturing companies, encompassing SMEs; fostering industry-academia collaboration to spur innovation, workforce skill development, and research and development; and facilitating collaborations across the system to aid supply chain decarbonisation and circularity.

In the past, Tamil Nadu has set up three Centres of Excellence in collaboration with Siemens, GE, and Dassault Systemes, providing essential support to start-ups and MSMEs to boost their competitiveness in both local and international markets. Additionally, Industrial Innovation Centres (IICs) have been established at SIPCOT Parks in Sriperumbudur and Hosur to encourage industrial innovation and speed up technology adoption.

To further boost the State's abilities and attract vital industries such as semiconductor, green hydrogen, and solar PV module manufacturing, the government is actively exploring the establishment of knowledge parks in major cities in collaboration with international research institutes.  (KNN Bureau)