C Shivakumar @ CHENNAI:
Tamil Nadu will be showcased as advanced manufacturing hub during the four-day World Economic Forum to be held in Davos in Switzerland from May 22, according to official sources.
Official sources told TNIE that a high level delegation will be visiting Davos and it is likely that the delegation could be headed by either Chief Minister M K Stalin or Industries Minister Thangam Thennarasu.
Tamil Nadu Guidance, a nodal investment promotion and facilitation agency of the state of Tamil Nadu, has partnered with the World Economic Forum (WEF) to establish India’s first advanced manufacturing hub (AMHUB) in Tamil Nadu.
"We are chairing the AMHUB, which has around 10 members, including the United States, Denmark, Brazil and Spain. Tamil Nadu is the only state from South Asia to have signed such MoU with WEF," a official told TNIE.
"We have a dedicated lounge and own pavilion in Davos where in we will showcase the state industrial eco-system and host meetings. "The lounge will have interactive screens and posters. The focus will be on renewable energy, where the state is ranked first, besides on the highest number of factories the state has. It would also focus on the advanced factories like the Nokia which runs on 5G among others."
The event will showcase production ecosystem in Tamil Nadu and the regional opportunities brought by the Fourth Industrial Revolution, highlighting and amplifying regional success stories globally and engaging directly with other AMHUBs through WEF’s network of AMHUBs to share best practices globally.
While the event is about Industrial Revolution 4.0, the focus of the state will be to woo investments. "There will be roundtable discussions with chief executive officers and CXOs on the sidelines of the event to woo investments into the state," the official said.
The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
The Advanced Manufacturing HUB or AMHUB is one of the 19 platforms designed by the World Economic Forum (WEF). This platform focuses on engaging entire regional production ecosystems to identify and address regional opportunities and challenges brought by the Fourth Industrial Revolution. To attract high-tech organizations, Tamil Nadu needs an ecosystem for advanced manufacturing and needs to provide a fillip to the development of industrial corridors and clusters and smart cities.
Tamil Nadu will be showcased as advanced manufacturing hub during the four-day World Economic Forum to be held in Davos in Switzerland from May 22, according to official sources.
Official sources told TNIE that a high level delegation will be visiting Davos and it is likely that the delegation could be headed by either Chief Minister M K Stalin or Industries Minister Thangam Thennarasu.
Tamil Nadu Guidance, a nodal investment promotion and facilitation agency of the state of Tamil Nadu, has partnered with the World Economic Forum (WEF) to establish India’s first advanced manufacturing hub (AMHUB) in Tamil Nadu.
"We are chairing the AMHUB, which has around 10 members, including the United States, Denmark, Brazil and Spain. Tamil Nadu is the only state from South Asia to have signed such MoU with WEF," a official told TNIE.
"We have a dedicated lounge and own pavilion in Davos where in we will showcase the state industrial eco-system and host meetings. "The lounge will have interactive screens and posters. The focus will be on renewable energy, where the state is ranked first, besides on the highest number of factories the state has. It would also focus on the advanced factories like the Nokia which runs on 5G among others."
The event will showcase production ecosystem in Tamil Nadu and the regional opportunities brought by the Fourth Industrial Revolution, highlighting and amplifying regional success stories globally and engaging directly with other AMHUBs through WEF’s network of AMHUBs to share best practices globally.
While the event is about Industrial Revolution 4.0, the focus of the state will be to woo investments. "There will be roundtable discussions with chief executive officers and CXOs on the sidelines of the event to woo investments into the state," the official said.
The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
The Advanced Manufacturing HUB or AMHUB is one of the 19 platforms designed by the World Economic Forum (WEF). This platform focuses on engaging entire regional production ecosystems to identify and address regional opportunities and challenges brought by the Fourth Industrial Revolution. To attract high-tech organizations, Tamil Nadu needs an ecosystem for advanced manufacturing and needs to provide a fillip to the development of industrial corridors and clusters and smart cities.
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