• Skip to content
  • Skip to navigation

Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Nigeria
  • Namibia
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • United States
  • Uruguay
  • Venezuela
  • Turks & Caicos
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
  • Lebanon
Grant Thorton Logo

Grant Thornton Logo Grant Thornton logo

Contact us
  • Insights
  • Industries
  • Services
  • Events
  • Budget 2021
  • Careers
  • L&D Academy
  • Media
  • Country corridors
  • Consumer, Retail & E-commerce
  • Healthcare and Life Sciences
  • Automotive and Manufacturing
  • Media, Technology and Entertainment
  • Not for profit
  • Real Estate and Construction
Healthcare and Life Sciences Home
Our publications BillionFit: Technology redesigning healthcare
Our report, BillionFit: Technology redesigning healthcare, navigates through key trends in disruptive technologies in healthcare, with a focus on India. This paper captures India’s Healthcare and Fitness scenario from a technology perspective, while providing some insight into the recent developments globally.
Automotive and Manufacturing Home
Thought Leadership Auto Bytes January 2020
This edition of Auto Bytes focuses on what will shape the future of the sector.
Media, Technology and Entertainment Home
Publication The Digital Accelerate – New regulatory framework implementation guide
The publication summarises the transition process mandated by TRAI for digital television services, and how consumers can select their subscriptions.
Real Estate and Construction Home
Report Improving transparency in secondary real estate market
Holistic pan-India assessment on various parameters in the secondary market & direct impact of a regularised secondary market on stakeholders.
  1. Grant Thornton Bharat
  2. Press releases
  3. 2019
  4. The education sector in India must be re-aligned to create a talent pool to embrace Industry 4.0, says Grant Thornton-PHDCCI report

The education sector in India must be re-aligned to create a talent pool to embrace Industry 4.0, says Grant Thornton-PHDCCI report

06 Dec 2018
  • The education sector in India must be re-aligned to create a talent pool to embrace Industry 4.0, says Grant Thornton-PHDCCI report

While India holds a competitive advantage in leveraging Industry 4.0 to disrupt the manufacturing sector, the country needs to revisit the standard of education at school and college levels and re-align it to the growing needs of today’s technology-driven times, suggests a Grant Thornton-PHD Chamber of Commerce and Industry report titled Industry 4.0: Transforming the manufacturing landscape released at the Industry 4.0 Global Summit organised by PHD Chamber of Commerce and Industry today.

The report emphasises that while India appears to be relatively well positioned to take advantage of the Industry 4.0 disruption by virtue of its advanced IT sector and large youth demographic potential to establish itself as the future hub for technology-related activities, given the poor availability of qualified faculty and researchers, this advantage could fast transform into a liability without urgent government interventions towards promoting access to such skills.

“The manufacturing sector in India, given its potential contribution to GDP and employment, presents a significant opportunity to be one of the biggest growth drivers for our economy. We need to emerge as a ‘world-class manufacturing hub’. For this, there is a concerted effort from the government and the industry to create an enabling ecosystem. The education sector also has to redesign its curriculum to provide the education of the future. It needs to focus on nurturing specialists with Industry 4.0-ready skills in areas like AI and machine learning, big data, process automation, information security, user experience and human-machine interaction, robotics and blockchain,” said Depender Kumar, Partner, Grant Thornton Advisory Private Limited.

The report recommends increased collaboration between industry and academia in higher education institutions through the creation of channels of communication between faculty and industry to promote the exchange of ideas and expertise. Various avenues of collaboration need to be explored, including workshops, incentives for guest lectures by professionals and institutional arrangements for regular re-design of courses in collaboration with the private sector.

The report also highlights that start-up investments, specifically in the manufacturing sector and manufacturing use cases focusing on Industry 4.0 themes, are a minority. The major deterrents for start-ups in the manufacturing sector seem to be the capital and skilled man power intensive nature of the business.

In order to encourage more start-ups in the manufacturing sector, the report recommends that incubation hubs, specifically for start-ups in collaboration with state governments and private sector stakeholders, need to be set up. These hubs can provide space and other infrastructure facilities for new start-ups to incubate along with interacting with other start-ups at various levels of maturity. The report also advocates the establishment of a fund to provide grant funding to start-ups to facilitate their operation and business.

  • Follow us on Facebook
  • Follow us on LinkedIn
  • Follow us on Twitter
  • Follow us on YouTube
CONNECTclose
  • Locations
  • Contact us
  • Global reach
ABOUTclose
  • About us
  • Careers
  • Press
  • Corporate Social Responsibility
LEGALclose
  • Privacy
  • Disclaimer
  • Site map

© 2021 Grant Thornton Bharat LLP – All rights reserved.

    • EN
    • Sign in
    • Contact us
    Sign in with LinkedIn Close
    Sign in with LinkedIn to save articles to your bookmarks.
    Privacy policy