The Indian manufacturing sector has the potential to be a key catalyst boosting our GDP growth. In this context, it is crucial for current-day manufacturers to be extremely competent and prudent to handle fluctuating market demand, and simultaneously ensure profitability. Therefore, they are relentlessly striving to reduce costs and remain competitive. Lack of concerted government efforts, slow pace of reforms, and policy paralysis have hampered growth of manufacturing. Penetration of technology and solutions is restrained due to lack of awareness and cost concerns. India has lost out significantly to China and other low-cost manufacturing locations due to its lack of agility to adapt. Free trade agreements are further reducing the incentive for local manufacturing.
Frost & Sullivan’s Industrial Automation & Process Control (IPC) Practice is proud to host its 2014 Industrial Technologies summit titled, "Enhancing Manufacturing Competitiveness: Reality of Adopting Global Trends and Technologies in the Indian Context”, highlighting the Mega Trends expected to impact Indian industry and the evolving imperatives that could enable companies capitalize on short term growth opportunities. The summit will focus on sharing best practices and ideas on how to leverage innovative technologies and best-in-class solutions as a resource to address the evolving challenges and better prepare us for tomorrow. It is scheduled to be held on 8th October 2014 at Hyatt Regency, Mumbai.
The summit will address the questions that need answering in order for India to truly be a global manufacturing powerhouse. It will examine the reality of adopting global technologies and following international trends in the unique context of India. Success stories will be showcased and key challenges will be examined with respect to implementing state-of-the-art technologies and solutions. It will bring together solution providers and solution adopters in a true meeting of minds, to collectively deliberate on the key steps to be taken to catapult the process, discrete, and batch industries into a new growth era.
“Having tracked the manufacturing sector in India for more than a decade, Frost & Sullivan is confident that, “The current slowdown in Indian manufacturing sector is a temporary phenomenon. India has the potential to be a manufacturing powerhouse of the World” says Niju V, Director, Automation & Electronics, Frost & Sullivan. He adds further, “Advanced automation and control solutions are expected to play an important part in this transition.”
Some of the other key takeaways at the summit would be, Manufacturing Scenario and Vision for Future, Reality of Adopting Technology in India, Energy Management in an Energy Deficient Country, Advent of Remote Monitoring and Diagnostics/ Asset Management Virtualization, and Cloud Computing, Integrated Enterprise and Real-Time Performance Management, Digital Manufacturing and Product Lifecycle Management (PLM), Robotics as an Enabler of Increased Process Efficiency and Productivity, Next Generation Technologies, and much more.
Apart from knowledge gathering on future prospects for the market and evolving dynamics, the event is poised to facilitate business interactions that can evolve into long-term rewarding relationships. Participants would benefit from insightful and strategic discussions involving industry experts and the opportunity to meet and network with peers and potential customers. This event is a must-attend for all companies/ individuals with interests in the process and discrete manufacturing market in India. It promises to provide the platform for networking and engaging interactive sessions by bringing together the who’s–who of the Indian automation sector.
The event will have an awards evening and witness the coronation of the industry's best in class companies at the Excellence in Industrial Technologies Awards, India banquet.
The knowledge partner supporting the event is Yaskawa. The media partners supporting the event are A&D India, Automation Excellence, Manufacturing Today, MMI India, and Process India,
If you are interested in attending the event, then send an e-mail to Ravinder Kaur / Priya George at ravinder.kaur@frost.com / priyag@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state, and country. For more information on the summit, please log on to www.frost.com/IPC-Summit2014
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