AMHUB: India’s first advanced manufacturing hub

October 8, 2020

The World Economic Forum and Guidance will jointly establish AMHUB in the state of Tamil Nadu. AMHUB is Advanced Manufacturing hub and is first of its kind in the country. Guidance is the nodal investment promotion agency of the state of Tamil Nadu.

Highlights

AMHUB will help the state in the sectors of solar energy, electronics, electric mobility and textiles. It will help boost production sector of Tamil Nadu by identifying regional opportunities brought by Fourth Industrial Revolution. The 4^th Industrial Revolution opportunities are Artificial Intelligence, Internet of Things, Cloud Computing, etc.

About AMHUB

AMHUB is one of the 19 platforms designed by the World Economic Forum. It focuses on the following

Addressing Regional Opportunities
Engaging regional production
Challenges brought by Fourth Industrial Revolution

Manufacturing Sector in India

India is the fourth largest automobile industry in the world, second largest in manufacturing cement, and is also one of the top three aluminium producing country in the world. The small car manufacturing sector in India is emerging as a major exporter. The assembly in electronics sector has also taken major leap. India is the second largest steel producer in the world.

Success in Two-Wheeler Production

India has become the largest manufacturer of two-wheelers in the world. This is mainly because of availability of skilled labour, low cost steel availability and robust R&D centres. Also, India has a broad two-wheeler consumer base in rural and urban regions. Japan is one of the major investors of Indian Automobile industry.

Way forward

In order to boost the manufacturing capacity, India has to take the following critical steps

To create mega industrial clusters near the ports
India should work on policy matters such as costs, logistics, loading-unloading, etc.
The market access should be increased.