What is meant by the term Industry 4.0? Discuss the measures that India need to take advantage of Industry 4.0 to bring wide ranging impacts in society. (150 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
Industry 4.0
The term Industry 4.0 encompasses a promise of a new industrial revolution, one that marries advanced manufacturing techniques with the Internet of Things to create manufacturing systems that are not only interconnected, but communicates, analyze, and use the information to drive further intelligent action back in the physical world.
How India can take advantage of Industry 4.0
· India needs to identify the nature of work, living and communication with other people, and the design of infrastructure; consideration of increasing the productivity of our people and adapt to ever-changing skill requirements.
· Greenfield smart cities present a huge opportunity because they are starting from scratch, and have the ability to start afresh everything, including modern facilities with public transportation, ICT-enabled infrastructure and impart the right kind of skills to its people. This can be further fillip by integrating through the SMART cities initiative.
· By exporting customised products(3D printing, automation) to consumers the world over, especially to high-end customers., India can become the biggest employment generator and forex earner.
· The distinction between research institutes and production units to be transparent and clear; and there will be a constant exchange between industries and educational/research institutes.
· This will require close interaction between academia and industry. High-end educational/research institutions need to be co-located with industries in these greenfield cities so that they can interact with each other seamlessly and bring new customised products as per changing requirements.
India needs to create centres of excellence, which act as models for the future growth of cities in India.
