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THE PHARMA REVIEW (JANUARY - FEBRUARY 2013)

Machine Vision to Keep India’s Manufacturing Industry Globally Competitive

Didier Lacroix

Introduction: During the past decade, India has emerged as one of the key manufacturing hubs for global manufacturing companies in the automotive, pharmaceutical, packaging, food processing, and textiles industries.
In 2010, Deloitte Touche Tohmatsu ranked India as offering the second best global manufacturing platform in the world, above traditional manufacturing countries such as the U.S., Germany, and Japan. Innovation combined with a talent pool of scientists, researchers and engineers is more critical to manufacturing growth on the global stage rather than low cost energy, labour and regulations, it stated.
Within the country, the domestic manufacturing sector accounts for nearly 17% of India’s total GDP and employs nearly 100 million people (per ASSOCHAM estimates). Frost & Sullivan’s IPC Practice predicts that by 2020, this would generate 25% of the country’s GDP. However, Frost & Sullivan analysts add that this growth will only be realised through adoption of factory automation that enable greater efficiency, productivity, sustainability, global competitiveness and standards compliance.

 

 

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