You are here: Home » PTI Stories » National » News
Business Standard

"Mftg companies digitising operations to boost growth"

Business Finance

Press Trust of India  |  Chennai 

: Noted industrialist and Executive Chairman of diversified business conglomerate the Murugappa Group, M M Murugappan, today said manufacturing 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 India is poised to be one of the largest manufacturing 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 director V Sumantran said "manufacturing units need to embrace modern technology including the Industry 4.0 to raise collective input".

IMTMA President 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.)

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

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