Forge's Manu'Futuring mantra is aimed at enabling India to realise its future as an economic and industrial superpower by Innovating Manufacturing for Manufacturing Innovations.
This strategy materialises at 2 levels of transformation - Innovation OF Manufacturing [discussed in our previous post : https://lnkd.in/gZ4-AjKk] deals with the MACRO, BIG PICTURE transformation of manufacturing itself, while Innovations IN Manufacturing - the MICRO, MASTER STROKES - deal with transformations at a factory and product level, as discussed below.
These master strokes drive operational, sustainability and business excellence for industrial companies, enabling maximum value creation and capture at optimum costs, sustainability & net zero :
1️⃣ Net Zero Future Factories that are Net Positive for business, humans, and earth - leveraging transformative tech to catalyse industrial transformation toward these outcomes.
2️⃣ Upgrading from low-cost components suppliers to high-value product manufacturers - innovative, recyclable, and world-class - enabling industrial companies to capture a premium segment of the market that commands higher prices, improving their margins and top line - thereby unlocking scale.
3️⃣ Revolutionising materials and machines - futuristic, recyclable, renewable, durable & Indian - making manufacturing energy neutral, resource efficient, avoid waste, prevent emissions, safe for humans, conserve water, and recycle products.
4️⃣ Sustainable manufacturing in the most holistic sense - embracing sustainable practices lends a competitive edge in international markets by complying with international standards.
Through Process Innovation and Product Innovations IN Manufacturing, industrial companies have the option to unleash the power of technology to unlock enormous value by delivering operational, sustainability and business excellence and to drive growth and transformation.
In emerging technology domains that are inherently rich with opportunities for gaining an edge as compared to mature technologies, industrial companies have to leverage both Innovation OF Manufacturing and Innovations IN Manufacturing to deliver technology-powered and innovation-catalysed industrial transformation - a key aspect of cementing India’s status as a manufacturing & economic superpower.
What are your thoughts? Tell us in the comments below.
State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) Vedanta Spark Bosch Global Software Technologies Confederation of Indian Industry Guidance Tamil Nadu StartupTN FaMeTN Hosur Industries Association TIDCO Tamil Nadu Industrial Investment Corporation Limited Vish Sahasranamam Dr. B.L.Lakshmi Meera Dr. Mahesh Veezhinathan Dinesh Subburaj Aritro Ghosh Arun Suresh Ashwini Metri Thanushree Anand Upasana Srinivasan Guruprasad Sharma
#manufacturing #technology #industry #innovation
