IN ITS TOTAL PROCUREMENTS OF $500 BL, GOVT. ROUGHLY SAVES $25 BL THROUGH E-TENDERING: DR. AJAY KUMAR

Additional Secretary, Ministry of Electronics and Information Technology, Dr. Ajay Kumar on Wednesday asked SMEs to judiciously adopt Industry 4.0 systems to increase their productivity and efficiency in emerging world of technologies, highlighting that when government can embrace digital technologies in its traditional tendering processes and save roughly $25 billion per annum of its total procurements of $500 billion, why can’t the SMEs espouse the cutting edge phenomena to save their cost.

Inaugurating Industry 4.0: Opportunities and Challenges for the Indian Workforce under aegis of PHD Chamber of Commerce and International Computer Driving licence(ICDL), Dr. Kumar felt that large sized companies and corporations adopt new technologies through consultancies ways to save on their costs and increase production processes, the medium sized and small scale companies should make sincere attempts for adoption of Industry 4.0 technologies.

After mechanization (Industry 1.0), mass production (Industry 2.0) and automation (Industry 3.0), now the internet of things, artificial intelligence and robotics are becoming an integral part of manufacturing. Industry 4.0 technologies have the potential to create extraordinary growth opportunities and competitive advantages for Germany as a business location. Experts forecast that businesses will be able to increase their productivity by about 30 percent using Industry 4.0 technologies.

He also informed that six new working group has been set up in the ministry to establish solutions so that efficiencies are inserted in the production processes in sectors such as manufacturing, power and host of such others.  He invited PHD Chamber to be the part of consultative process.

In his welcome address Co-Chairman, Innovation Committee, PHD Chamber, Dr. Harish Ahuja felt that start-ups and emerging entrepreneurs are quick and agile in adopting and adapting emerging technologies so that they do better and with increasing robotics and artificial intelligence, it has become much more imperative for industry to go in for automation with human face.

Among others, who also spoke on the occasion comprised Mr. Damien O’ Sullivan (Ireland), CEO, ICDL Foundation and Dr. Jatinder Singh, Sr. Secretary, PHD Chamber.