This trend may indicate India's growing competitiveness in the global manufacturing sector. The focus on digital transformation suggests that Indian firms could be well-positioned for future growth, which could have significant implications for the global supply chain and manufacturing landscape.
Indian Companies Invest Heavily in Digital Transformation
Indian manufacturers are investing heavily in smart manufacturing, with a recent report by Rockwell Automation showing that they spend 1.6 times more than their global peers. The report highlights the importance of digital transformation in staying competitive, with 88% of Indian manufacturers already using artificial intelligence and machine learning technologies in their operations. This was reported by Rediff MoneyWiz.
This trend may indicate India's growing competitiveness in the global manufacturing sector. The focus on digital transformation suggests that Indian firms could be well-positioned for future growth, which could have significant implications for the global supply chain and manufacturing landscape.
Indian Companies Invest Heavily in Digital Transformation
Indian manufacturers are investing heavily in smart manufacturing, with a recent report by Rockwell Automation showing that they spend 1.6 times more than their global peers. The report highlights the importance of digital transformation in staying competitive, with 88% of Indian manufacturers already using artificial intelligence and machine learning technologies in their operations. This was reported by Rediff MoneyWiz.