India’s Manufacturing Sector Embraces Industry 5.0 for Enhanced Efficiency and Sustainability

Date:

November 7, 2024

India’s manufacturing sector has been increasingly adapting to Industry 5.0, a shift towards a more human-centric approach that integrates advanced technologies like AI, robotics, and IoT with human skills. According to a PwC report, nearly 93% of Indian manufacturers are leveraging Industry 5.0 to increase operational efficiency and sustainability, with an expectation to see a 2-3x profit growth within the next 3 to 5 years. The focus is shifting towards renewable energy, energy efficiency, and supply chain resilience. Manufacturers are particularly investing in real-time inventory tracking to optimize stock and reduce excess inventory.

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