Abu Dhabi, UAE, November 28, 2016: The Global Manufacturing and Industrialisation Summit (GMIS) will be a springboard for the adoption of Industry 4.0 technologies to fuel global partnerships that will take the manufacturing sector into the next generation, said H.E. Abdullah Al Saleh, Undersecretary for Foreign Trade & Industry, UAE Ministry of Economy, speaking at a GMIS roadshow event in New Delhi, India. Delegates from India’s Government and leaders in commerce and industry attended the roadshow, which was co-hosted by the Confederation of Indian Industry (CII) and attended by H.E. Dr. Ahmed Al Banna, UAE Ambassador to India.
During the event, a Memorandum of Understanding (MoU) was signed between Chandrajit Banerjee, the Director General of Confederation of Indian Industry, and Badr Al-Olama, on behalf of the Global Manufacturing and Industrialisation Summit. The MoU cements the working partnership between CII and the Global Manufacturing and Industrialisation Summit, facilitating cooperation within the global manufacturing sector, particularly with regards to the application of Industry 4.0 processes.
The Global Manufacturing and Industrialisation Summit is the world’s inaugural global gathering for the manufacturing community, bringing together leaders in business, government and civil society to shape a vision for the sector’s future. The Summit is being held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in Abu Dhabi in March 2017.
H.E. Abdullah Al Saleh said: “As the digital and physical worlds becoming increasingly intertwined, a new era is emerging – one that key economic contributors, such as the manufacturing sector, must capitalise upon. Collaboration, knowledge-sharing, and global value chains represent the core components of a sustainable path forward into what is known as Industry 4.0, so that all aspects of society, including communities, economies, and companies alike, can fully benefit from the advantages of digitisation.”
Ramesh Abhishek, the Secretary to the Indian Department of Industrial Policy and Promotion, said: “There is a huge opportunity for industries to invest in India. Companies can benefit from cooperation and collaboration in areas such as the services sector, start-ups, research and development, and design. We welcome all industries to explore the potential in India, and we encourage companies in India to look at the growth opportunities offered in places such as the UAE and elsewhere around the world. Participating in the Global Manufacturing and Industrialisation Summit will enable Indian companies to promote themselves to global opportunities, while providing a great opportunity for Indian companies to also explore investment opportunities in the global manufacturing sector.”
H.E. Abdullah Al Saleh stated that high-tech manufacturing is becoming increasingly essential to company- and country-level cooperation. “The opportunities presented by Industry 4.0 cannot be ignored; manufacturers must adapt their business processes to incorporate connected, next-generation technologies.”
Chandrajit Banerjee, Director General, CII, said: “The Indian government is working to increase the share of manufacturing in the GDP of the country and to create smart sustainable cities where manufacturing will be the key economic driver. Sectors of focus include general manufacturing; IT/ITES; electronics including high-tech industries; automobiles and auto ancillary; agro and food processing; heavy engineering; metals and metallurgical products; pharmaceuticals and biotech; and services sector.”
By participating in the Global Manufacturing and Industrialisation Summit – the first of its kind in the world to target the specific needs of this dynamic sector – manufacturers from around the world will have access to invaluable industry and policymaking knowledge, data, and peer experience. Understanding how to capitalise upon Industry 4.0, by working in partnership with the 1,200 industry, government, and civil society summit delegates, will be critical to sustainable economic growth, both in developed and emerging economies around the world.
Badr Al-Olama, CEO of Strata and member of the GMIS Organising Committee, said: “Given India’s manufacturing heritage and world-renowned entrepreneurial spirit, the opportunities provided by GMIS are both timely and potentially highly lucrative. With the ongoing expansion of global value chains, we believe that countries, and not companies, will seek to collaborate on product value chains using new processes, new technologies, new partnership models and new policies. Competition will increase between old and new geographical value chains and, as a result, we can expect to see new industries creating new jobs in one part of the world, offsetting the loss of these industries in less competitive parts of the world.”
In March 2017, the Global Manufacturing and Industrialisation Summit will set an outcomes-driven agenda for the manufacturing sector, which will address pressing global challenges – such as driving sustainable economic growth, creating skilled employment opportunities, and tackling global resourcing and production challenges. Global value chains fuelled by Industry 4.0 technologies will become a key component of achieving these goals. The Global Manufacturing and Industrialisation Summit aims to develop and set new international standards for fast-evolving manufacturing industries to promote the growth of Industry 4.0 which would, directly, lead to further globalisation of industries and jobs.
India is ranked amongst the world’s 10 largest manufacturing countries, with the potential for the country’s manufacturing sector to reach US$1 trillion by 2025. This would represent up to 30 per cent of India’s GDP, and could create up to 90 million jobs in the coming nine years. The Indian Government is currently taking several steps to improve the ease of doing business and relaxing foreign direct investment policies.
It was recently announced that the UAE Government aims to boost the contribution of manufacturing to GDP to 25 per cent over the next decade, creating a US$70 billion opportunity for new jobs and enterprises.
Co-hosted by the United Nations Industrial Development Organisation and the UAE Government, with partners such asMubadala, Siemens, Tawazun Holding, GE and PwC, the Global Manufacturing and Industrialisation Summit will be the definitive knowledge-sharing platform for the manufacturing sector, gathering the world’s foremost experts to discuss the issues that are affecting manufacturing today, as well as in the future. The summit is being held from 27-30 March, 2017 in Abu Dhabi.