Indian manufacturers aim to boost tech spending to 11-15% to adopt IoT, robotics, and Big Data, facing cost and integration challenges.

Indian manufacturers see technology as key to profitability but currently spend less than 10% of budgets on tech. This is set to rise to 11-15% within two years, focusing on IoT, robotics, and Big Data. Challenges include high costs and integrating old systems, especially for small and medium businesses. The Confederation of Indian Industry study stresses the need for workforce training and recommends public-private partnerships, increased tech budgets, and supportive policies to boost smart manufacturing adoption.

3 months ago
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