Chennai, Aug 24 (PTI): Noted industrialist and Executive Chairman of diversified business conglomerate the Murugappa Group, M M Murugappan, today said manufacturing companies are digitising operations to achieve efficiency and boost growth. Also Read - Markets Neutralizes Covid Pandemic Impact, Fundraising Increases, Says Centre
Delivering his address at the 12th edition of National Productivity Summit, organised by the Indian Machine Tool Manufacturers’ Association here, he said India is poised to be one of the largest manufacturing economies in the world. Also Read - SA vs PAK Dream11 Team Prediction, Fantasy Cricket Hints South Africa vs Pakistan 3rd T20I: Captain, Vice-captain, Today's Probable XIs For T20I Match at SuperSport Park, Centurion 6 PM IST April 14 Wednesday
“Across India, companies are in the process of digitising their day to day operational functions to achieve efficiency and boost revenue growth and the Industry 4.0 will usher in an era of transformative manufacturing”, he said. Also Read - BREAKING: Uttar Pradesh Chief Minister Yogi Adityanath Tests Positive For COVID-19, in Self Isolation
Echoing similar views, UCAL Fuel Systems, independent director V Sumantran said “manufacturing units need to embrace modern technology including the Industry 4.0 to raise collective input”.
IMTMA President P Ramadas said it was imminent for companies to enhance competitiveness by reducing costs and improving productivity.
This is published unedited from the PTI feed.