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Siemens launched one of the largest industry initiatives, the Ingenuity Tour from the iconic Kalwa factory located on the outskirts of Mumbai. The road show is mobilized by an Ingenuity Truck which will cover 23 states and approximately travel more than 30,000 kilometres.
On display is a comprehensive array of latest products covering electrification, automation and digitalization from the fields of industry software, power distribution, drive technology, digital & cloud services, industrial training as well as customized financing solutions. The tour is targeted at various industry verticals and demonstrates the competitive advantage that can be gained by adopting innovative technologies and solutions.
Digital technologies are transforming our world. The Make in India initiative aims to boost the contribution of the manufacturing sector from 15 percent to 25 percent of the GDP by 2022. To support this massive growth, India will need an ecosystem comprising of Tier 1, Tier 2, as well as the Tier 3 suppliers, with an elevated level of manufacturing performance and agility.
The Ingenuity Tour will help the company to engage and address challenges of its customers from various verticals and industry suppliers across the complete value chain. SMEs can utilize digitalization to address growing demands such as mastering increasing product and process complexity, reducing time to market, adapting to changing market requirements, deliver individualized products and secure continuous product improvement.
Digitalization promises lower costs, improved production quality, flexibility and efficiency, shorter response time to customer requests and market demands, and also opens up new and innovative business opportunities. The need of the hour is for SMEs to take the lead in adopting new technologies and make it an integral part of their business strategies. Those that are successful in understanding the power of digitalization and harnessing it across their businesses will lead this new wave of growth.
Keywords: Siemens, Ingenuity Tour, Digital Technologies, Make in India, ARC Advisory Group