India has potential to lead fourth industrial revolution: PM Modi
Kevadia (Gujarat) (PTI): Prime Minister Narendra Modi on Friday said India has the potential to lead the fourth industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world.
He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking.
"Due to various factors, India may have missed being a part of earlier industrial revolutions. But India has the potential to lead Industry 4.0, because, for the first time in recent history, we have many different factors like demography, demand and decisive governance coming together," he said through a message.
The Prime Minister's message was read by a Joint secretary of the Ministry of Heavy Industries here at the conference on Industry 4.0.
Modi added that the industry and entrepreneurs play a key role in making India a vital link in global value chains.
"We have worked on reforms and incentives to make India a tech-powered manufacturing hub of the world," he added.
Speaking at the event, Heavy Industries Minister Mahendra Nath Pandey said that the government is taking a series of steps to boost manufacturing through industrial revolution 4.0.
"India is moving towards becoming a hub of global manufacturing... 3D printing, machine learning, data analytics and IoT are key to promoting industrial growth," Pandey said.
He added that the production-linked incentive scheme for advanced chemistry cell (ACC) battery storage will help India in cutting down its imports and become an exporter in the coming years.
Companies selected under the scheme will receive incentives under the Rs 18,100-crore programme to boost local battery cell production.
The government has approved the Production-Linked Incentive (PLI) Scheme for the 'National Programme on ACC Battery Storage' for achieving a manufacturing capacity of 50 Giga Watt Hour (GWh).
The minister also flagged off 175 EV buses for Gujarat (75) and Karnataka (100).
He also inaugurated a Centre for Industry 4.0 (C4i4) Lab in Pune.
In 2019, Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' for the promotion of Electric Mobility in the country was approved. Through the scheme, it is planned to support 10 Lakhs e-two wheelers, 5 lakh e-3 wheelers, 55,000 4-wheelers and 7,000 e-buses.
With the advent of Industry 4.0, the new digital industrial technology, businesses are poised to benefit from the next generation of technological breakthroughs to improve quality, efficiency and productivity.
The Ministry of Heavy Industries has been making concerted efforts to generate awareness and to take forward Smart Manufacturing and Industry 4.0.
Participating virtually, Gujarat Chief Minister Bhupendra Patel said that the auto sector will hugely benefit from industrial revolution 4.0.
He further added that the production and promotion of EVs will help reducing carbon footprint also.
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Former minister C M Ibrahim announces to launch new regional party for Karnataka
Kalaburagi: Two years after being expelled from the Janata Dal (Secular), former minister C.M. Ibrahim has announced that he will launch a new regional political party in Karnataka on January 24, reported Deccan Herald.
Speaking at a meeting organised by the Nava Karnataka Nirmana Andolana in Kalaburagi on Sunday, Ibrahim confirmed the birth of the new party.
The 77-year-old politician stated he would soon be meeting with other like-minded individuals to choose a symbol for the party.
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Ibrahim emphasised that the organisation would be guided by the principles of 12th-century social reformer Basavanna and the architect of the Indian Constitution, Dr. B. R. Ambedkar.
A veteran politician, Ibrahim served as Union Civil Aviation Minister during the tenure of H.D. Deve Gowda as Prime Minister and later headed the Karnataka unit of the Janata Dal (Secular). He was expelled from the JD(S) in 2023 on charges of anti-party activities.
His exit from the party followed sharp differences over the JD(S) decision to ally with the Bharatiya Janata Party (BJP). As the then state president of the JD(S), Ibrahim had publicly criticised the alliance, claiming it was finalised without his knowledge. He had also reportedly convened meetings of his supporters and expressed support for the INDIA bloc.
