New industrial policy to focus on modernising: Govt

Thursday 15th March, 2018

Article Details
Publication  Telangana Today
Source  PTI
CCM  18.36
Edition  Hyderabad
Supplement   NA
MAV  73,440
Language  English
Page  13
Circulation  149,245

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New industrial policy to focus on modernising: Govt
The new industrial policy, which will be released soon, will focus on modernising existing industries, besides pushing for frontier technologies like robotics and artificial intelligence, Commerce and Industry Minister Suresh Prabhu on Wednesday said. The Ministry has already released the draft industrial policy, seeking views of all stakeholders.
"Because of new industries, what (will) happen to existing industries? Our policy focuses on modernising existing industries as a first step," he said here at the AIMA function. The Minister also asked industries to come forward to respond on the changes which would come up on account of Industrial Revolution 4.0. The term Industrial Revolution 4.0 is synonymous with smart manufacturing and it encompasses cyber-physical systems, IoT, robotics, artificial intelligence, cloud computing and cognitive computing, pti