India’s first advanced manufacturing hub (AMHUB) to be set up in Tamil Nadu.
The Advanced Manufacturing Hub (AMHUB) which is first of its kind in the country will be jointly set up by World Economic Forum and Guidance in Tamil Nadu.
What is AMHUB?
AMHUB is one among the nineteen platforms that has been designed by the World Economic Forum (WEF). Tamil Nadu’s nodal investment promotion agency called as Guidance will also be joining hands with WEF. This manufacturing hub focuses on
- To Address Regional Opportunities.
- To Engage regional production and
- To the Challenges brought by Fourth Industrial Revolution.
Significance
The Hub would help the state Tamil Nadu in sectors of solar energy, electronics, electric mobility and textiles. It would also boost the production sector by identifying regional opportunities brought by Fourth Industrial Revolution in the state. The Fourth Industrial Revolution opportunities include Artificial Intelligence, Internet of Things, Cloud Computing, etc.
India’s Manufacturing sector
India is the fourth largest automobile industry in the world. It is also one among the top three aluminium producing countries of the world. India is moving ahead and become a exporter of the small car manufacturing sector. Japan is one of the important investors in the Indian Automobile industry.
Further, India is the second largest steel producer of the world. The launch of manufacturing initiatives such as “Make In India” initiative has helped India to boost its manufacturing sector on a large scale. In the line, India has become the largest manufacturer of two-wheelers in the world. The trigger factor for high manufacturing are-
- Availability of skilled labour,
- Low cost steel availability,
- Robust research and development (R&D) centres and
- A broader consumer base in rural and urban areas.