“Indian authorities are developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China” reports Quint. Other than helping companies with land acquisition, the government also plans to provide access to sources of water, power and roads at ease. With its maritime location, the Southern part of the country is already equipped with Ports and connectivity via sea-routes.
What is Industry 4.0? Nowadays, machines are using the Internet of Things(IoT), Cyber-Physical System(CPS), artificial intelligence, cloud computing, video analytics and other digital technologies to communicate with each other and make informed decisions, independent of humans. This phenomenon was already coined Industry 4.0 in 2011 by the German federal government.