Why Digital Means Transformation – Setting Up Manufacturing SMEs for Growth

India’s manufacturing industry is all set to make its mark on the global manufacturing landscape in the coming years. Make in India imperative, FDI inflows, and proliferation of digital technologies have helped the industry improve the level of competitiveness. However, not all organisations in this industry have transformed by equal magnitudes.

The gap between large scale and small and medium scale manufacturers continues to widen. Most manufacturing SMEs are yet to overcome some of the key challenges affecting the industry owing to the dependency on human labour and low levels of productivity. The pandemic contributed to this list of challenges and manufacturing SMEs absorbed a severe blow due to labour unavailability, lockdowns, and reduced demand.