BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Pilot project to introduce Industry 4.0 launched by railways
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Industry > Pilot project to introduce Industry 4.0 launched by railways
Industry

Pilot project to introduce Industry 4.0 launched by railways

Loknath Das
Last updated: 2019/09/30 at 6:50 AM
Loknath Das Published September 30, 2019
Share
2 Min Read
SHARE

Untitled-1

A pilot project for ushering in Industry 4.0 in the country has been launched at the Modern Coach Factory in Uttar Pradesh’s Raebareli district, the railways said on Saturday.

Industry 4.0, commonly referred to as the fourth industrial revolution, is a name given to the current trend of automation, inter-connectivity and data exchange in manufacturing technologies to increase productivity.

Industry 4.0 is a complex cyber-physical system which synergies production with digital technologies, Artificial Intelligence, Big Data, Analytics, Machine Learning and Cloud Computing.

The Ministry of Railways and the Department of Science and Technology have joined hands in partnership with IIT Kanpur for taking up a unique project on ‘Industry 4.0’. They launched the pilot project on Friday for implementation at the Modern Coach Factory, an official statement said.

Speaking on the occasion, Secretary Department of Science & Technology Ashutosh Sharma said that his department has recently launched a new programme ‘Interdisciplinary Cyber Physical Systems (ICPS)’ to foster and promote R&D in this emerging field of research.

He said about Rs 4,000 crore is expected to be spent in years to come in this area. Railway Board, Member Rolling Stock, Rajesh Agrawal said that the initiative is expected to make India an advanced Industrial economy with exponential growth in jobs.

Prime Minister Narendra Modi in his address in Houston on September 22 had highlighted the importance of ‘Industry 4.0’ in global economy and India’s advantage.

[“source=economictimes”]

You Might Also Like

Volvo to locally assemble the XC40 Recharge

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

Jio Continues to Lead on 4G Download Speed, Vi Competes With Highest Upload Speed: TRAI

5 Retail Automation Trends that Can Turn Your Business to Gold

T-Mobile Adds Mexico, Canada to Simple Choice Plan

TAGGED: 4.0, by, industry, Introduce, launched, Pilot, Project, Railways, to
Loknath Das September 30, 2019
Share this Article
Facebook Twitter Email Print
Share
Previous Article Samsung sets up captive finance arm for smartphone sales
Next Article This is the business that Vijay Shekhar Sharma ran before building Paytm into a giant

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Recent Posts

  • Quotes About Betrayal on Life
  • How Can A Sign Advertising Boost Your Brand’s Visibility

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?