They say the day is not far when most of India’s manufacturing industry would be run through so-called ‘dark factories’ where manual labour is minimally used, if at all. Machines manufacture, monitor, assemble and quality-test and even fix other machines. We call them machines for the sake of simplicity, but effectively these are robots. And this is perhaps why we can argue that India’s manufacturing and logistics sectors are at an inflection point. Robotics is the answer to rising labour shortages, increasing pressure to improve productivity, the skill gap when it comes to advanced manufacturing and a push towards Industry 4.0. New and even legacy factories, warehouses, and industrial units are turning to companies like Addverb, GreyOrange, Unbox Robotics, CynLr, Sastra (also founded in 2016 like Addverb) and others to take them to the age of robotics. The robotics and industrial automation market in India is currently estimated at around $2 Bn and is expected to grow at a CAGR of 15–16% over the next decade, supported by government initiatives such as Make in India and PLI schemes and greater adoption of Industry 4.0 technologies. Noida-based Addverb’s latest launch is a humanoid robot. The robotics and automation company claims this… Read MoreInc42 Media
