Industrial Automation Magazine India

Vivek Tyagi – Managing Director, Field Sales at Analog Devices India.

July 22, 2024 – "The upcoming Union Budget offers an opportunity to position India as a global manufacturing powerhouse. India is the third most sought-after manufacturing destination in the world and has the potential to export goods worth US$ 1 trillion by 2030. To be among technology pioneers and global manufacturing hubs, India should strategically invest in the manufacturing, semiconductor, and electric vehicles space. Developing a domestic semiconductor ecosystem, together with a thriving EV industry, is much needed to reduce import dependency and create high-skilled jobs,” says Vivek Tyagi – Managing Director, Field Sales at Analog Devices India.

According to Mr Tyagi, a focus on sustainable manufacturing practices, from chip design to the end of the process, is paramount. The budget must incentivise research in green technologies, circular economy models, and faster adoption of renewable energy in manufacturing processes. Prioritising investments to foster innovation and promote manufacturing across industries will result in reduced import reliance and therefore strengthen India's position as the southern manufacturing hub.

“By nurturing a trained workforce through schemes like Skill India and enabling a conducive environment for innovation, India can emerge as a global manufacturing hub that balances economic growth with environmental responsibility," Mr Tyagi concludes.

Analog Devices Inc., operates at the center of the modern digital economy, converting real-world phenomena into actionable insight with its comprehensive suite of analog and mixed signal, power management, radio frequency (RF), and digital and sensor technologies. ADI serves 125,000 customers worldwide with more than 75,000 products in the industrial, communications, automotive, and consumer markets. ADI is headquartered in Wilmington, MA. 

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