Chethan Kumar for The Times of India:  India's first smart factory — moving from automation to autonomy — where machines speak with each other, is being set up in Bengaluru.
A smart factory, armed with data exchange in manufacturing and the Internet of Things (IoT) is the future and experts are calling it revolution Industry 4.0. Reports peg the smart factory industry to touch $215 billion by by 2025 and there has been no major economy in the world that is not embracing it.
And, India's very own smart factory, the first one, is making progress at the Indian Institute of Science's (IISc) Centre for Product Design and Manufacturing (CPDM) with a seed funding from The Boeing Company.
CPDM Chairman Amaresh Chakrabarti, who spoke exclusively to TOI about the project, said: "Yes, it will actually be manufacturing things here. But it will be a scaled down version, we won't have the numbers of an actual factory." As for the funding, he said: "I can only say Boeing is giving us enough to implement the project. I cannot discuss details. But the project is revolutionary. Indian factories now have automation, we've made some progress there, but here, we are talking about a facility that is autonomous, thinking and working on its own."  Cont'd...