Frost & Sullivan recently conducted 'India Manufacturing Excellence Awards (IMEA) 2018’ in Mumbai. The event commemorated years of best in class innovation, success stories and stellar performances exhibited in the manufacturing industry. This year’s Manufacturing Excellence awards were presented to 28 companies across 4 major categories: ‘Indian Manufacturer of the Year Award’, ‘Future Ready Factory of the Year Award’, ‘Gold Award’, and a new, fourth category – ‘Smart Factory Award’. During the awards banquet, Frost & Sullivan’s GIL Index for Manufacturing Competitiveness in India ranked Maharashtra as the number one State demonstrating highest potential for manufacturing investment. Hon Shri Subhash Desai, Minister for Industries and Mining, Government of Maharashtra, accepted the award.
The event also celebrated the contribution of leaders who have made an impact by their contribution to the manufacturing sector. Pradeep Banerjee, Executive Director - Supply Chain, Hindustan Unilever; K R Srivasatava, Chief Executive Officer, UPL; and P Kaniappan, Managing Director, Wabco India were conferred the Lifetime Achievement Awards. Mahindra & Mahindra, Igatpuri, was recognised as the “Indian Manufacturer of the Year”, and also won the “Smart Factory Award”. “Future Ready Factory of the Year” was awarded to ITC, Saharnpur; Mahindra Vehicle Manufacturer Limited - Automotive Division, Chakan; Mahindra & Mahindra - Automotive Division, Zaheerabad; Schneider Electric India, Hyderabad; SKF India, Pune; Abbott Healthcare, Jhagadia; Bosch Automotive Electronics India, Bengaluru; Philips Lighting India, Vadodara; Schneider Electric IT Business India, Jigani; ITC - Food Division, Haridwar for various sectors.
Being an integral part of the IMEA journey, Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan said, “Adoption of Industry 4.0 principles will be critical for the competitiveness of Indian industries in future. A few of the futuristic Indian companies are already reaping the benefits of IIoT adoption. With advances in technology, need for advanced manufacturing practices in the country, and their improved affordability, IIoT will be the next driver of manufacturing competitiveness.”