Indian Manufacturing Sector Needs To Buck Up On Technology Adoption

India has become a growth destination for several global companies. Organisations are becoming increasingly competitive on the efficiency and flexibility of their supply chains and not merely on their product features and quality. They have realised that being technology driven and updated is the key to compete in the global market. Currently, manufacturing as a sector in India is warming up to this idea of technology but the adoption is slow in comparison to its counterparts in developed economies. Lack of awareness of global technologies, and trends in Manufacturing IT has also contributed to this low adoption.

According to Frost & Sullivan, enterprise, plant automation systems and supply chains can be seamlessly integrated using IT applications such as Advanced Process Control, MES, PLM, Energy Management and SCM, enabling greater operational visibility to the management and becoming a key differentiator amongst competitors. Large investments in both the process and discrete manufacturing industries will provide strong growth opportunities for the Manufacturing IT market in India.

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Adoption of Manufacturing IT solutions in India has hitherto been concentrated in the Oil & Gas and Automotive sectors. However, Pharmaceuticals, Chemicals, Food & Beverage and Consumer Packaged Goods are expected to significantly increase IT adoption, thereby facilitating the Manufacturing IT market in India to grow in excess of 15 percent till 2015.

Niju V, Deputy Director, IPC Practice, Frost & Sullivan, South Asia and Middle East, sais, “The Indian manufacturing sector is at an inflection point; this decade will define the country’s surge to be an industrial and economic powerhouse. The manufacturing sector’s contribution to India’s GDP is expected to grow to 25 percent by 2020, thereby offering immense opportunities. IT- enabled technologies will lead the transformation towards manufacturing that will be built on the pillars of efficiency, high productivity, competitiveness and sustainability. India’s Manufacturing IT growth presents opportunities and challenges for the industry.”