"The government has said they want to increase the share of manufacturing from 15% to 25% of the GDP. GDP today is around $2 trillion, 15% of that is $300 billion. Growing at 7-8%, very quickly for argument sake we get to $4 trillion. Now, 25% of $4 trillion is a trillion. You are looking at adding $700 billion of contribution to GDP from manufacturing. The capex requirement for that $700 billion is at least two times of that . So, you are looking at $1.5 trillion of capex that this country is going to be putting in in the next couple of years. Now there are not too many countries around the world that are doing this kind of thing. So it is an imperative for Indian companies to be able to get that technology to become globally competitive"
https://economictimes.indiatimes.com/markets/expert-view/we-cut-manufacturing-time-for-a-product-to-9-seconds-with-industry-4-0-sunil-mathur-siemens/articleshow/71276330.cms
By: via @AlliesFin Serve T.ME/ALLiESFiN
