Indian Manufacturers Embrace Industry 5.0 for Sustainable Growth

A significant portion of Indian manufacturers are integrating technologies like AI and robotics to enhance sustainable practices and boost revenues, as highlighted by PwC's report on Industry 5.0. Over 93% are investing in digital solutions and lifelong learning, seeking sustainability and higher profits.

According to a report by PwC, a substantial number of Indian manufacturers are adopting advanced technologies such as Artificial Intelligence and robotics to bolster sustainable operations and increase revenues. The report surveys various industries to highlight the strategic shift towards Industry 5.0.

Conducted from May to July 2024, the research involved 180 leading executives in sectors like automotive, cement, and textiles, revealing that over 50% are channeling investments into sustainable practices. Digital technologies are being leveraged to harness renewable energy and improve energy efficiency.

Sudipta Ghosh, PwC India's Industrial Products Leader, emphasizes the crucial role of Industry 5.0 in the manufacturing sector's future. Significant investments are expected to yield up to a 6.42% revenue increase, with chemicals and textile sectors poised for the highest gains.

(With inputs from agencies.)