India’s consumer electronics industry is on the way to Industry 5.0

NEW DELHI : By 2025, the manufacturing sector will cross the $1 trillion mark, positioning India on the global manufacturing map. Even though the pandemic has exposed the vulnerabilities of economies, it is time to analyze India’s manufacturing playbook and see it move from Industry 4.0 to Industry 5.0, comprising of intelligence-based smart factories artificial.

The latest episode of the Mint Zetwerk Smart Manufacturing Dialogue, titled The Next Frontier in Consumer Electronics—Digital Driven, in partnership with Zetwerk, discussed why digitalization is important for the growth of the consumer electronics industry. He also highlighted how big players can leverage new technologies to bring speed and agility to the ecosystem. Lokesh Payik, Partner, Bain and Co. moderated the session.

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(Left to right) Nikhil Rao, Senior Director of Operations, Flex; Rahul Sharma, co-founder, Zetwerk; and Santhosh Kumar, Managing Director, Texas Instruments India.

As companies roll out smart and connected manufacturing facilities, sustainability and a zero-waste policy are also high on the agenda for a large majority. Companies are moving their products from linear to circular, keeping sustainability goals high.

“I would say that today’s manufacturers and consumers are very much about sustainability, and that’s what every organization is looking for. Even our service offerings have a lot of sustainability for us, our customers and end consumers, who are aware of this. We are also working on the circularity of manufacturing, an essential arm. A lot of work has been done and a lot more is in progress,” said Nikhil Rao, Senior Director of Operations at Flex.

The value of digital is manifested by having complete visibility of the value chain, from planning to sourcing, manufacturing and delivery. Digital is a competitive advantage when you have a decentralized manufacturing ecosystem, which Zetwerk masters. “Covid was a time when we realized a huge need for digitization. A lot of things were happening with the big factories, but there were a lot of suppliers that weren’t working with the big factories, and they really needed to be coached. This is where we came in,” said Rahul Sharma, co-founder of Zetwerk. Today, everyone has visibility into data across the entire value chain. data centers and manufacturing sites and has impactful results in their factories of the future.

“Samsung invested in the whole industry 4.0 or smart manufacturing much earlier than others. Recently we opened the world’s largest manufacturing unit in Noida. Samsung has divided its manufacturing into several geographies across the world. On the software front, India has four software development centers. All of them are making changes in manufacturing happen fast,” said Balaji Hariharan, Senior Director and Chief Product Officer, Samsung India.

After Industry 4.0, the next frontier may be Industry 5.0, which is nothing but AI-enabled factories. Calling them “the factories of today”, Santhosh Kumar, Managing Director of Texas Instruments India, said, “50-60% of our global revenue comes from industrial and automotive.”

“We plan to create factories where people will work with robots. But we need to identify the security issues and see what the creativity, differentiation and value that people bring will add. We analyze whether people can work harmoniously with robots without creating a problem for themselves, or the products they work on, or the robots they work with,” he added.

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About Anne Wurtsbach

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