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ings, delivering to 50 percent of tegic investment interventions,
total pin codes pan India. to meet increasing customer re-
quirement for improved produc-
The Manufacturing industry, tivity, reduced cycle time and
having learned lessons from greater efficiency.
the first wave of the pandem-
ic, was better equipped to deal The COVID-19 pandemic has ac-
with the crisis in the second celerated the longstanding trend
wave. We are keen to know SKF toward manufacturing automa-
India’s learnings from it and the tion. Is the Machine Tool industry
most important of all. in India Industry 4.0 ready? Currently,
The Manufacturing sector is the India’s Machine Tools indus- India’s Ma-
backbone of any nation’s GDP try is a strategic pillar of the chine Tools
and over the years, the sector has Manufacturing industry and industry is
created an endless number of op- is expected to play a key role at a nascent
portunities for all stakeholders. in accelerating Industry 4.0 stage of
However, the sector was hit hard adoption. This will also help in adopting
by the outbreak and the unex- Source: SKF India Ltd achieving the ambitious target manufactur-
pected lockdowns. One of the of making India a global hub for ing automa-
key learnings is that to overcome manufacturing, design, and in- tion. As the
such occurrences, industries “The Indian Machine Tool industry, novation, and augmenting the demand for
in general, needs to adopt digita-
must invest in digital factories lization and Industry 4.0 as well as share of manufacturing in the high-tech
and efficient
and automation. The pandemic focus on better resource allocati- country’s GDP. machines in
also exposed the Manufacturing on, redefined work processes, and Currently, India’s Machine Tools the industry
strategic investment interven-
sector’s fragility brought in by tions, to meet increasing custo- industry is at a nascent stage of rises, the
over-dependence on select ge- mer requirement for improved adopting manufacturing auto- industry
ographies for the supply chain. productivity, reduced cycle time mation. As the demand for high- will have
and greater efficiency.”
It is imperative for industries to tech and efficient machines in the to make
reconfigure their sourcing and Manish Bhatnagar industry rises, the industry will digitaliza-
Managing Director
manufacturing footprints and SKF India Ltd have to make digitalization of the tion of the
further capitalize on India’s ad- production process an indispens- production
vantages in raw materials, skills, able part of business. process an
and entrepreneurship to build an growing at a steady pace with SKF has taken a lead in digital indispens-
able part of
ecosystem that supports a multi- its continuous support. As In- development, driving Industry business.
tiered industry ready to take on dustry 4.0 continues to impact 4.0 under the term ‘smartifying
global manufacturing. the Manufacturing sector, it is industry’. The fastest-growing
imperative for the manufac- connectivity is in manufactur-
Do you think that our Indian ma- turers to constantly transform ing, which represents almost
chine tool manufacturers have themselves and reinvent busi- one-third of the total value of In-
the bandwidth to match the effi- ness models to stay one step dustry 4.0. SKF is smartifying the
ciency of international machines? ahead. The industry, in general, industry to utilize these opportu-
The Indian Machine Tool indus- needs to adopt digitalization and nities. The gradual smartifying
try is key to the Government's Industry 4.0 as well as focus on has brought an entirely new way
flagship 'Make in India' and better resource allocation, rede- of working that has a big effect on
'Skill India' initiatives and is fined work processes, and stra- customer relations.

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