Tech's still a strange word for manufacturers in India
A look at why Indian manufacturers are seeking to take their time to adapt to ‘Industry 4.0’
The Economic Times article, "Tech's still a strange word for manufacturers in India," features Russell Reynolds Associates paper, "Manufacturing in the Era of Industry 4.0." The articles is excerted below.
Over 62% of Indian manufacturers, including those in labour-intensive sectors like automotive, industrial goods and heavy manufacturing, are still at the third industrial revolution in terms of technology and want to exhaust low-cost options rather than implementing high-cost technology that automates functions, a study by management consulting firm, Russell Reynolds Associates found. Here’s why Indian manufacturers want to take their time to adapt to ‘Industry 4.0’
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