System Insights CTO Responds to Need for India to Achieve 10 Percent Growth in Manufacturing
Berkeley, CA, June 16, 2014 --(PR.com
)-- India would need an employment generating robust manufacturing sector to achieve an annual growth of 10%, a top government official said, "If India has to grow at 9-10% per annum and if India has to create jobs for its very large population then to my mind we have to drive our manufacturing.”
Athulan Vijayaraghavan, System Insights’ Chief Technology Officer, noted, “VIMANA's analytics can find ways of increasing manufacturing capacity without cap-ex costs, which can help deliver the robust growth that the Indian manufacturing sector needs. System Insight's also has a very experienced team in Chennai that can work with manufacturers in developing innovative strategies to improve shopfloor productivity.”
Secretary of Department of Industrial Policy and Promotion (DIPP), Amitabh Kant commented, "Manufacturing cannot be driven unless and until India becomes innovation led economy and therefore innovation has to be the backbone of India's growth. Manufacturing, which constitutes over 75% of the index of industrial production (IIP), declined 3.7% in February as against growth of 2.1% in the same month a year ago.”
System Insights will exhibit VIMANA at the International Manufacturing Technology Show (IMTS) at Booth: E-4736 Pavilion: IANA. The show will be September 8-13 at McCormick Place, Chicago IL.
System Insights (www.systeminsights.com), based in Berkeley, California, with offices in Chennai, India, is a leading global supplier of manufacturing software in both machining based, discrete and process industries. VIMANA delivers predictive analytics solutions to improve clients’ efficiency, productivity, and profitability. VIMANA is the only software product that combines a comprehensive real-time data solution, based on the MTConnect data standard, with multi-dimensional, complex reasoning and machine learning technologies. VIMANA provides these data while enabling customers to realize sustainable manufacturing objectives. The VIMANA software platform delivers a unique combination of Cloud Computing and Big Data capabilities that sets out to revolutionize the economics of manufacturing. System Insights is a proud member of both AMT (Association for Manufacturing Technology) and NTMA (National Tooling and Machining Association). Follow System Insights on Twitter @systeminsights.
William Sobel, CEO