As the lockdown lifts and factories are starting to open, manufacturing sector in India will face mounting pressure to cut costs, increase efficiency in processes, reduce dependence on humans and become more resilient to future exigencies.
This will drive companies to scale up adoption of smarter manufacturing processes powered by Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain, industry experts feel. “Resistance to change is very high in manufacturing sector in India.
However, of late there are tailwinds working in their favour. Many organisations want to divest in China and are looking at India as a potential destination.