Manufacturing companies going digital to boost productivity and growth

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

Delivering his address at the 12th edition of National Productivity Summit, organized 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 digitizing 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 Devdiscourse staff and is auto-generated from a syndicated feed.)