India leveraging hannover messe for transforming manufacturing; Make in India big hit

India leveraging hannover messe for transforming manufacturing; Make in India big hit As a part of its ambition to integrate itself with the global manufacturing industry, India is participating in the Hannover Messe 2016 with participation of the countrys top firms in the private and public sector along with a high level official delegation , led by Mr Girish Shankar, Secretary in the Department of Heavy Industry and Public Enterprises Among the participants M/s Apex engineering export organisation, EEPC India is the lead agency for ensuring a measurable success for the countrys participation in the worlds leading technology fair. India had participated in the Hannover Messe last year as the Partner Country. Having emerged as the fastest growing economy in the world, India is transforming its manufacturing industry with a clear objective to become an essential part of the global supply chain and is leveraging the renowned Hannover Messe for yet another time for promoting the Make in India programme, being steered by Prime Minister Shri Narendra Modi. Briefing the media at the Hannover Messe last evening, Mr Shankar said India has to take part in the development of a globalised manufacturing environment. The Make in India is a strategic initiative to reform the manufacturing industry in the country ". Reaching out to the global technology majors to invest in India with strategic collaborations with Indian industry, the Secretary , Department of Heavy Industry and Public Enterprises, said the country is working with a clear vision and strategy to be the worlds preferred manufacturing destination by a series of initiatives like improving ease of doing business, liberalising foreign direct policy in most of the industries, including defence production. The country has recently announced new policy initiatives like pricing freedom for hydrocarbons found in the deep waters. He said with a strong domestic demand, India provides an excellent alternative for the global industry with Chinese economy slipping into painful slowdown. A lot of interest is visible at the Hannover Messe for Indias new initiatives in the manufacturing sector. As part of strengthening and deepening relationship with the German technology giants, a new progamme Industry 4.0 has been unveiled . It is a meeting of real and virtual worlds in manufacturing and involves the full integration of manufacturing technologies and systems to make a 'smart factory'. The smart factory is a highly flexible manufacturing set-up that is digitally interlinked with every aspect of the manufacturing ecosystem, from suppliers to customers. Speaking on the occasion, EEPC India Chairman, Mr T S Bhasin said, the Indian engineering industry is taking several steps to move up the value chain and is now getting increasingly into areas like spacecraft components, aero-space, defence production, automobile and railways , among others. There is a realisation that with prices of commodities like steel and iron ore remaining subdued and subject to cyclical fluctuations, Indian engineering has to invest in R and D and forge new tie-ups with global majors from countries such Germany. India attaches a great importance to Hannover Messe as a global platform which was used last year with India being the Partner Country". India will leverage its reputed IT industry to transform manufacturing not only in India but also at the global scale with the new concepts such as smart factory, artificial intelligence and Internet of Things which itself is projected to be USD 15 billion for India by 2020. On this occasion, 2 important MoU were also signed. An MoU was signed between Department of Heavy Industry, Ministry of Industries & Public Enterprises, Government of India & Steinbeis GmbH for desiring to develop cooperation in manufacturing sector. The second MOU was signed between Department of Heavy Industry, Ministry of Industries & Public Enterprises, Government of India, Hannover Milano Fairs India Pvt. Ltd. & FICCI for promoting technology & innovations through WIN India series of events. The Engineering Export Promotion Council (EEPC) India is the premier trade and investment promotion organization in India. It is sponsored by the Ministry of Commerce & Industry, Government of India and caters to the Indian engineering sector. As an advisory body it actively contributes to the policies of Government of India and acts as an interface between the engineering industry and the Government.

India leveraging hannover messe for transforming manufacturing; Make in India big hit

Also Read

HMT units

President Shri Pranab Mukherjee to address CPSES Chief Executives on Public Sector day

Converting Rajasthan Electronics & Instruments Limited, Jaipur into an independent Central Public Sector Enterprise

Paper Mills in Assam

Delay in Supply by BHEL

Explore News

India leveraging hannover messe for transforming manufacturing; Make in India big hit

Also Read

HMT units

President Shri Pranab Mukherjee to address CPSES Chief Executives on Public Sector day

Converting Rajasthan Electronics &amp; Instruments Limited, Jaipur into an independent Central Public Sector Enterprise

Paper Mills in Assam

Delay in Supply by BHEL

Explore News

Converting Rajasthan Electronics & Instruments Limited, Jaipur into an independent Central Public Sector Enterprise