Udyam 4.0 highlights the importance of Industry 4.0 technologies for MSMEs

NASSCOM Centre of Excellence (CoE) hosted the second edition of Udyam 4.0 Nayi DISHA (Digital Innovative Solutions for Helping Atmanirbharta) on Wednesday to highlight the importance of technology based solutions in the MSMEs.

The conference brought industry leaders from MSMEs, start-ups and policymakers and with the support of the Ministry of Electronics and Information Technology (MeitY), the department of Science & Technology of the Government of Gujarat and MSME department of Government of Gujarat.

Gujarat’s MSME Commissioner Ranjeeth Kumar J, the chief guest at the virtual conference, said, “The Gujarat government has been playing the role of an enabler in all aspects for helping the MSME ecosystem move towards Industry 4.0. The government has implemented interventions at policy, infrastructure, and institutional level to help MSMEs adopt the latest technologies and become globally competitive. The collaborative ecosystem developed by NASSCOM CoE is an excellent opportunity for MSMEs in the manufacturing sector to embark on their digital journey.”

(L-R) Amit Saluja, Senior Director & Head of Manufacturing Vertical, NASSCOM-CoE and Gujarat’s MSME Commissioner, Ranjeeth Kumar J

MSMEs are slowly realising the benefits of technology adoption. Udyam 4.0 platform addresses the digital adoption challenges for MSMEs. The conference also emphasised on the co-creation of evolving business models for MSMEs to digitize in the new normal.

The conference was hosted at the virtual Smart Manufacturing Experience Center (SMCC) designed to enable manufacturing leaders to virtually experience the solutions applied to multiple manufacturing challenges, also stressed on resource optimization through tech up-gradation and demonstration of low-cost and easy-to-deploy tech solutions from start-ups that can set the base for commencing MSMEs’ digital journey.

The event also saw participation from six deep tech start-ups associated with CoE’s GrowX program viz. Eugenie Technologies, Plutomen Technologies, ATAI LABS, Pixuate, AirV Labs and Gyandata presented their innovative solutions.

“Udyam 4.0 platform will help the MSME sector adopt AR/VR, Computer Vision, IoT, AI & Analytics based digital solutions such as 360-degree view of plants, predictive maintenance, remote operations tracking, quality inspection, energy optimization, worker safety, and inventory management. Through its Centre of Excellence, NASSCOM aims to create an ecosystem of co-creation where industries and Deep tech startups can work together on bringing new and innovative solutions for the manufacturing sector,” said Amit Saluja, Senior Director & Head of Manufacturing Vertical, NASSCOM-CoE.