Davos: India has a huge opportunity in the form of Industry 4.0 or the fourth industrial revolution but the country needs to adopt new technologies and provide a facilitative policy framework on a fast-track basis, a senior government official said on Tuesday.
Speaking here at a session on the sidelines of the World Economic Forum annual meeting, Department of Industrial Policy and Promotion (DIPP)Secretary Ramesh Abhishek said efforts are being made at the central and state government level to provide necessary policy enablers.
He said the small and medium-sized enterprises (SMEs) have the biggest opportunity to leapfrog to the next technology and benefits can be huge for them.
Abhishek was speaking at a breakfast session on 'Shaping India's future with Industry 4.0', jointly organised by global consultancy giant Deloitte and industry body CII.
At the same session, Deloitte global CEO Punit Renjen said India has great potential and its businesses are all geared for the Industry 4.0.
He also said Deloitte is committed to work towards contributing to society and India would be a major part of this initiative with an estimated one crore people expected to benefit. Renjen said he would be travelling to India next month.
To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.
To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.
Updated Date: Jan 22, 2019 15:53:39 IST