AMHUB: India’s first advanced manufacturing hub
The World Economic Forum and Guidance will jointly establish AMHUB in the state of Tamil Nadu. AMHUB is Advanced Manufacturing hub and is first of its kind in the country. Guidance is the nodal investment promotion agency of the state of Tamil Nadu.
AMHUB will help the state in the sectors of solar energy, electronics, electric mobility and textiles. It will help boost production sector of Tamil Nadu by identifying regional opportunities brought by Fourth Industrial Revolution. The 4th Industrial Revolution opportunities are Artificial Intelligence, Internet of Things, Cloud Computing, etc.
AMHUB is one of the 19 platforms designed by the World Economic Forum. It focuses on the following
- Addressing Regional Opportunities
- Engaging regional production
- Challenges brought by Fourth Industrial Revolution
Manufacturing Sector in India
India is the fourth largest automobile industry in the world, second largest in manufacturing cement, and is also one of the top three aluminium producing country in the world. The small car manufacturing sector in India is emerging as a major exporter. The assembly in electronics sector has also taken major leap. India is the second largest steel producer in the world.
Success in Two-Wheeler Production
India has become the largest manufacturer of two-wheelers in the world. This is mainly because of availability of skilled labour, low cost steel availability and robust R&D centres. Also, India has a broad two-wheeler consumer base in rural and urban regions. Japan is one of the major investors of Indian Automobile industry.
In order to boost the manufacturing capacity, India has to take the following critical steps
- To create mega industrial clusters near the ports
- India should work on policy matters such as costs, logistics, loading-unloading, etc.
- The market access should be increased.
National Manufacturing Policy
It was launched in 2011 with an aim of enhancing the share of manufacturing sector in GDP to 25% creating 100 million jobs.
Category: International Current Affairs