TN govt holding discussion with industries to set up 'India Centre for Advanced Manufacturing'

CHENNAI:
Tamil Nadu government is holding discussion with Industries to set up 'India Centre for Advanced Manufacturing' in Chennai by drawing on the global expertise of the World Economic Forum and the insights of Guidance Tamil Nadu.

A discussion in this regard was held wherein 20 business leaders deliberated on the focus areas of the Centre here on Tuesday, which include technology adoption and innovation, industry-academia engagement, and sustainable production.

Industries Minister TRB Rajaa said that the Centre's three-fold objectives include --- supporting high-end innovation, new business models, and digital transformation for manufacturing companies, including SMEs. It also includes promoting industry-academia collaboration to drive innovation, workforce upskilling, and research and development; and facilitating system-wide collaborations to support supply chain decarbonization and circularity.

The State's partnership with the World Economic Forum and other stakeholders is crucial in elevating Tamil Nadu to higher value-add segments of the manufacturing value chain. Amid the Fourth Industrial Revolution's transformative technological advancements and supply chain
disruptions, these efforts are expected to equip industries to adopt new technologies and maintain competitiveness, a release stated.

Earlier this year, then Tamil Nadu  Industries Minister Thangam Thenarasu had announced in the state assembly that Guidance will act as the operational arm of the World Economic Forum's Advanced Manufacturing Value Chain (AMVC) platform. The Centre is likely to be operationalised by January 2024 in line with the Global Investors Meet.

Rajaa said the State's partnership with the World Economic Forum and other stakeholders is crucial in elevating Tamil Nadu to higher value-add segments of the manufacturing value chain. Amid the Fourth Industrial Revolution's transformative technological advancements and supply chain
disruptions, these efforts are expected to equip industries to adopt new technologies and maintain competitiveness, he added.

“Leapfrogging into the future of manufacturing using the principles of ‘Industry 4.0’ is crucial to achieving Chief Minister MK Stalin’s target of a USD 1 trillion economy in Tamil Nadu. We have already started the digital transformation process, and Tamil Nadu becoming the capital of advanced manufacturing will further bolster our efforts,” he added.