Tech’s still a strange word for manufacturers here

Over 62% of Indian manufacturers, including those in labour-intensive sectors like automotive, industrial goods and heavy manufacturing, are still at the third industrial revolution in terms of technology and want to exhaust low-cost options rather than implementing high-cost technology that automates functions, a study by management consulting firm, Russell Reynolds Associates found. Here’s why Indian manufacturers want to take their time to adapt to ‘Industry 4.0’.