Siemens India, the local arm of German engineering and manufacturing conglomerate Siemens AG, has just launched its first digitalised factory in India- a switchgear manufacturing unit near Mumbai. Digitalisation will drive the next wave of technological change required for Make in India, and Siem…
Tag: digitalisation
UN cites Indian start-up fund for govt policies on developing digital sector
The World Investment Report 2017: Investment and the Digital Economy, released by the UN Conference on Trade and Development (UNCTAD) cited the ‘India Aspiration Fund’ to say that government policies can actively support investment in local content and services and in the development …
Machine tools industry: ‘SMEs need to harness the power of digitalisation’
Small and medium enterprises (SMEs) form the backbone of the Indian manufacturing industry. They contribute 38 per cent to the nation’s GDP, 37 per cent to its manufacturing output and 40 per cent to its exports. Moreover, the segment is always buzzing with innovations. Companies are constantly t…
KVIC gives big boost to PM’s ‘Digital India’ dream
Mobile and broadband connectivity has the power to change the lives of poor and backward communities, and give them a brighter future. This can be seen from the initiative taken by Khadi and Village Industries Commission — one of the biggest job providers in the country — in bringing to life PM N…
GST not just a tax reform, it will drive efficiency: Martin Lundstedt, President & CEO, Volvo Group
Martin Lundstedt, President & CEO of the Volvo Group, was recently in Bengaluru with his senior board members. Volvo is in India for the past 20 years, and Lundstedt said the company is “gradually increasing” its presence. In an interview, Lundstedt said the next big thing in India is …
Why Indian SMEs need to partner with IoT platforms
The Make in India initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of GDP, by 2022. While the market is buoyant and some changes are visible, it seems we will take much longer than anticipated to get the desired results. If and when this growth happens, there …
Gems & jewellery industry readies GST software
Bhopal: The gems and jewellery trade is in the advanced stage of development of the software needed for GST implementation slated to put into effect from July one this year. “The software development for GST implementation in the gems and jewellery trade is almost complete. Now the jeweller…
Digitalisation of SMEs is key to success of Indian Machine Tool Industry: Siemens
Bangalore: Technology major Siemen’s EVP Digital factory division, Ashish Bhat, said digitisation in machine tool manufacturing will make the Indian SME environment vibrant and buoyant. In the manufacturing industry, machine tools – similar to lathe machines – are used for shaping oth…
वित्त मंत्रालय ने 120 गांवो के डिजिटलीकरण के लिए 423.26 करोड़ रुपये किये मंजूर
वित्त मंत्रालय ने 423.26 करोड़ रुपये की लागत के साथ 120 गांवो के डिजिटलीकरण के लिए पायलट परियोजनाओं को मंजूरी दे दी है। “डिजिटल विलेज” योजना को देशभर के 120 गांवो के लिए संचालित किया गया है। धनराशि को आने वाले तीन सालों में योजना के ऊपर खर्च किया जाएगा जिसमें 2.5 साल तक योजना [&hellip…
Digital Transformation enabling credit facilitation for the small borrower| Sameer Segal, Co-Founder & CEO, Artoo
Micro, Small and Medium Enterprises (MSMEs) is a heterogeneous segment, where 96% lack access to formal finance. They operate entirely in cash, resulting in an almost non-existent digital footprint. Most borrowers in this segment are first-time loan applicants with limited financial literacy. Lac…