Last year, NITI Aayog and ABB signed a Statement of Intent for supporting the government to realise Make in India initiative through advanced technologies
NITI Aayog and ABB came together to work collectively and to make major sectors in India ready for a digitalised future and understand the full potential of artificial intelligence (AI), big data and digital connectivity.
The two organisations conducted a workshop at the ABB Ability Innovation Center (AIC) in Bengaluru. The event featured entrepreneurs from micro, small and medium enterprises (MSME) from certain sectors of textiles, pharmaceuticals, electrical and electronics, manufacturing and food processing.
Speaking at the event, Anna Roy, Senior Adviser, NITI Aayog, said, “At NITI Aayog, we are no longer working on one-way policy plans, we have wide and deep interactions with those for whom the policies are intended to focus on.”
Technology to reshape manufacturing
She further said, “At ABB Ability Innovation Center, we have brought all stakeholders of MSME value chain to identify the roadblocks they face in growth, be it in business models, financing or skilled labour, and together find ways in which we can address the same using tools ranging from policy to technology.”
“As India gets recognised as a global hub for AI technologies and Industry 4.0 reshapes global manufacturing in the coming decades, we look at companies like ABB with a legacy of global technology leadership to lead this revolution by enabling our vibrant MSME base,” she added.
Add significant value
Sanjeev Sharma, Managing Director, ABB India, said, “India can leapfrog and show the way when it comes to innovative AI applications. Working with MSMEs and the eco-system is critical for the industrial and manufacturing adoption of such technologies. With its established history of working with them for several decades and driving the change with new digital solutions, ABB would be the perfect catalyst.”
“Just as we have embraced AI in different formats for our regular lives from maps to voice search and its integration with other applications, we believe with the right enablement and innovative business models, it could add significant value to the MSME manufacturing sector and help them navigate a continuously evolving landscape of regulatory frameworks, quality imperatives, climate change, global commodity and business uncertainties,” he added.
Last year, the two organisations signed a Statement of Intent (SoI) for supporting the Government of India (GoI) to realise its ambitious initiative of Make in India through advanced manufacturing technologies that integrate the recent developments in AI and robotics.