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"Mftg companies digitising operations to boost growth"

Press Trust of India  |  Chennai 

: Noted industrialist and Executive Chairman of diversified business the Group, M M Murugappan, today said companies are digitising operations to achieve efficiency and boost growth.

Delivering his address at the 12th edition of National Productivity Summit, organised by the Indian Machine Tool Manufacturers' Association here, he said is poised to be one of the largest economies in the world.

"Across India, companies are in the process of digitising their day to day operational functions to achieve efficiency and boost revenue growth and the Industry 4.0 will usher in an era of transformative manufacturing", he said.

Echoing similar views, UCAL Fuel Systems, independent said "units need to embrace modern technology including the Industry 4.0 to raise collective input".

P Ramadas said it was imminent for companies to enhance competitiveness by reducing costs and improving productivity.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 24 2018. 18:50 IST