The Indian Manufacturing industry has gained momentum ever since the Government’s ‘Make in India’ initiative in 2014, thus enabling the country’s manufacturing agenda and global competitiveness. Currently, India is the sixth largest manufacturing nation and the biggest recipient of foreign direct investments (FDIs), with inflows touching $60 billion in 2016-17. Today, India needs new policy to incentivize adoption of digital technologies, develop the requisite digital ecosystem, augment competitiveness, while meeting the requisite skill gaps. The government has announced the roll-out of a new manufacturing policy to push its share to 25% of GDP by consolidating Make in India and embracing Industrial Revolution 4.0.
Industrial 4.0 also termed as ‘Smart Factory’ means higher productivity, efficiency and self-managing production processes where people, machines, equipment work-in-process components to communicate and work with each other directly. Traditionally, the work of a maintenance professional would have a combination of qualitative and quantitative techniques, which would help in identifying failure modes and mitigate the downtime. However, with Industry 4.0 the maintenance professional benefits new solutions by adapting new technologies that is enabling their work schedules to be more targeted and effective, projecting machine downtimes and decrease in repair times with continuous flow in production. Managing a plant today is fetched with myriad of challenges right from developing and implementing strategies to successfully maintaining production equipment. An unplanned downtime leads to an additional cost for industrial manufacturers and thus it is important for the machines to be ready to run when production needs them. A lot has been tried and tested in order to combat these challenges like hiring a new maintenance manager, provision of training for the maintenance crew, adopting the Computerized Maintenance Management System (CMMS), developing a preventive maintenance program, or one of many other approaches aimed at getting more productivity from the maintenance organization. With Industry 4.0 and technology being the prime enabler IoT or IIot will help manufacturers to track the status and life of the machines and can remotely monitor the condition of equipment and look for indicators of imminent failure – for example vibration, temperature or pressure outside normal limits without going to the manufacturing facility by making fewer visits, reducing costs.
With the government’s aim to make India the next manufacturing hub by 2020, it is imperative for us implement world class maintenance within the organization so that we can excel in production output and serve on time operational excellence. The Economic Times World Class Maintenance Summit 2017 aims to bring forth the members of the industry to talk and deliberate on the challenges that the sector faces with new and innovative ideas that will enable and boost plant performance and reduce maintenance and operations costs. This gathering shall not just address the challenges and issues but also offer practical thesis and workshops that will help you take back some learnings that could be applied in your day to day activities.
The Economic Times World Class Maintenance Summit | 5th - 6th December 2017 | Mumbai
At The World Class Maintenance Summit you will decode new strategies that will aid cost-effective production and maintenance procedures, increase business agility, effectively mitigate plant risk, manage unplanned downtime, and much more!