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Global manufacturing growth to slow down, CAGR of 3% to 2027

A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more

51% of Indian manufacturers plans to adopt smart manufacturing by the next year

A recent study by industrial automation company, Rockwell Automation titled ‘8th Annual State of Smart Manufacturing Report’ reveals the impact of technology on the profitable growth of the global manufacturing sector. The report has intakes from 1,350 manufacturers across 13 leading manufacturing countries. Arvind Kakru, Director of Sales, Rockwell Automation India, in this interview tells how Indian manufactures, OEMs, SMEs/MSMEs etc can benefit from smart manufacturing in the coming future. Read more

Factories of the Future

According to the recently released “State of Smart Manufacturing” report by Rockwell Automation, India has the highest number of manufacturing organisations investing in technology. The study surveyed more than 1,350 manufacturers across 13 leading manufacturing countries including India, China, Germany, Japan, the US, and the UK.Read more

The Indian tooling industry is in a high growth phase

In this interview, Devaraya Sheregar, President, Tool & Gauge Manufacturers Association of India (TAGMA India) & MD, Devu Tools Pvt Ltd, highlights new opportunities for Indian toolmakers in automotive industry along with emerging sectors and future prospects.Read more

8.56 bn cubic meters of wastewater needs to be treated yearly to meet UN goals, says ABB report

To reach UN water targets by 2030, global wastewater treatment capacity needs to increase by 8.56 billion cubic meters each year with additional investment in 469 wastewater treatment facilities, reveals ABB’s Energy Transition Equation for Wastewater.Read more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Schneider Electric urges companies to invest in sustainable technologies

Most companies planning to spend less than 2 per cent of their revenues on sustainable initiatives and decarbonisation, revealed a report by Schneider Electric. The issue also formed a backdrop for discussion at Word Economic Forum’s annual meeting.Read more

Sona Comstar unveils its first sustainability report

As a technology leader, the company is enabling a reduction in GHG emissions through low-carbon mobility. Sona Comstar has increased its revenue share from Battery Electric Vehicles (BEVs) from 1.3 per cent in FY19 to 25 per cent in FY22. In absolute terms, it has grown 28 times to Rs 5 billion.Read more

Making it smartly in India

India’s manufacturing has been taking a steady stride towards Industry 4.0 in the last few years. As per NASSCOM study report, Industry 4.0 is at an inflection point in Indian manufacturing, with more than two-thirds of Indian manufacturers embracing the digital transformation by 2025Read more

Scaling up MSME exports

With all the policy stimulus and rapidly changing geo-political scenario, the share of MSMEs in India's export kitty is expected to scale up manifold in the coming years.Read more

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