This month marks the beginning of triple celebrations in Bangladesh, including the 50th anniversary of its independence, for which Prime Minister Modi will be traveling to Dhaka as the guest of honour. There is much to celebrate: A country that began as a case study for development is now on top of the global GDP charts. The springboard was achieved through a thriving textiles industry, women's workforce participation, micro finance, liberal investment policies. There is much to learn from this neighbour.
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The Mumbai-headquartered Dawoodi Bohra community has a rich legacy of business, overseas maritime trade, and, today, a strong global community network that connects its 1 million faithful, wherever they are, in real time. The community's strength is its network, even 1,000 years ago, even without technology.
With an increasing human and robotic footprint in the solar system, there is a need to develop robust regulatory mechanisms to prevent the “forward” and “backward” biochemical contamination of these unexplored celestial bodies.
Big Tech wields considerable influence over commerce, speech, media, and politics. Mergers and acquisitions have been key to their burgeoning growth. Now it is clear that their power is buttressed by anti-competitive and predatory practices. Governments across the world are moving to redress this through regulation, but the task is complex.
The growth of digital interconnectedness between the factory floor and the internet has led to a corresponding growth of potential risks with both humans and machinery susceptible to manipulation. This has deep implications for the safety of personnel, plants and machinery, and profits.
The first-ever Quad Leaders' Summit on March 12, 2021 was a defining moment in Asian geopolitics, with the promise of a strong political commitment in the future. A joint op-ed by the Quad leaders stated a number of priorities for the grouping, ranging from security in the Indo-Pacific to climate change to vaccine partnerships. This is a crucial partnership for India, as this grouping of democracies will reinforce Indian diplomatic initiatives, launching the country into global relevance.
In its recent itineration, the Quad (or the Quadrilateral Security Dialogue) has been toiling since 2017, through deliberations among mid-level and senior officials, to develop a common vision for the challenges facing the Indo-Pacific region, challenges caused by China's menacing rise and aggressive behaviour.
Digital manufacturing is the next wave of business globalisation, which, post-pandemic is not just blind automation to save costs but the smart use of digital tools to modernise industry and create good quality jobs. Digital manufacturing is the next leap for India’s tech leadership - the first being the software outsourcing movement in the 1990s. This time around, government incentives are aligning with industry interests. It offers India a chance to reposition itself globally, and play a leadership role.
Tata Steel is one of the few global companies on the prestigious Global Lighthouse Network for its advanced digital manufacturing systems - and the only Indian company on the list. The vision of a digitally integrated manufacturing facility was introduced when the Tata Steel Kalinganagar plant (TSK) was conceptualized in 2006. The subsequent implementation and continuous upgrade of the facility has made it a global benchmark. This case study on TSK's journey can guide other companies to overcome challenges in upgrading systems, using artificial intelligence and big data analytics to increase efficiency and drive innovation.
COVID-19 has forced India and its manufacturers to quickly step up their adoption of digital manufacturing processes. There are four elements of this ecosystem already in place – the digital infrastructure, government schemes, academic learning, and a burst of start-ups. This, supported by key policy decisions by the Indian government, will propel Indian manufacturing to higher levels of efficiency, productivity, and competitiveness.