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Industry 4.0 presents huge opportunities for India: DIPP Secretary

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

Press Trust of India  |  Davos 

DIPP Secretary, Ramesh Abhishek
DIPP Secretary, Ramesh Abhishek

India has a huge opportunity in the form of Industry 4.0 or the fourth but the country needs to adopt new technologies and provide a facilitative policy framework on a fast-track basis, a senior government official said 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, CEO Punit Renjen said India has a great potential and its businesses are all geared for the 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.

First Published: Tue, January 22 2019. 13:15 IST
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