Industry 4.0: India and Germany are natural partners
Commissioned by the Bertelsmann Stiftung, a study on ‘Industry 4.0: The Future of Indo-German Industrial Collaboration’ was conducted by the Fraunhofer Institute for Software and Systems Engineering, Germany.
Dr. Martin Ney, German Ambassador to India, along with Additional Secretary, Department of Industrial Policy and Promotion, Government of India Mr. Atul Chaturvedi, and Dr. Bernhard Holtkamp, Senior Scientist from the Fraunhofer Institute released the study in New Delhi on 22nd November in the presence of dignitaries from the Government and high ranking industry representatives.
“I am convinced: Industry 4.0 is another area where Germany and India are natural partners. On the one hand, there is Germany with its strong engineering capacity for hardware solutions. And on the other hand, there is India with its young and dynamic software sector”, Dr. Ney said in his special address.
He also emphasized on how digitization helps develop smart production procedures that lead to higher productivity and stressed that Germany has recognized the strategic significance of Industry 4.0 a long time ago.
The release of the study was followed by a panel discussion on “Mastering the digital future together” with high level representatives from Indian Associations, Industry and the Fraunhofer Society, followed by an interactive Q&A session.