Business Today

India Needs Lighthouse Manufacturing

As early adopters of 4IR technologies, lighthouse factories can create value added tasks and reap great benefits.

Since 2014, India has sought to boost manufacturing and increase its contribution to national GDP from 15 to 25 per cent. But in spite of strong government support, the number has barely moved. A recent report by the World Economic Forum in collaboration with McKinsey suggests why.

In Fourth Industrial Revolution (4IR): Beacons of Technology and Innovation in Manufacturing, researchers studied over 1,000 manufacturers across the globe and found only 16 'lighthouse'

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