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Industry 4.0 Implementation in Indian MSMEs: A Social Perspective

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Proceedings of International Conference on Intelligent Manufacturing and Automation

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

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Abstract

The current status of MSMEs in India suggests that medium-sized businesses have more advanced technology compared to their smaller counterparts. Small and medium-sized enterprises (SMEs) cautiously prefer to take baby steps when investing in emerging technologies. Many SMEs are financially constrained and reluctant to implement the digital technologies of Industry 4.0. The organizations need to showcase return on investment before implementing Industry 4.0 technologies. The effect of Industry 4.0 technology on society is a topic of growing interest among researchers. This study aimed to examine these effects using the triple bottom line approach to sustainable development. A model focused on sustainability is offered to assess the impact of Industry 4.0 technology on social sustainability indicators. This study also extends the technical approach that dominates academic literature on Industry 4.0 by identifying the benefits and challenges of its implementation process, assessing the importance of sustainability in Industry 4.0, and analyzing its potential social impact in a developing country like India. This paper considers how sustainable manufacturing research contributes to Industry 4.0 by summarizing present research efforts, highlighting relevant research issues, and evaluating research gaps and future development opportunities.

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Authors and Affiliations

  1. SVKM’s Dwarkadas J. Sanghvi College of Engineering, Mumbai, 56, India

    Pavan Vilas Rayar & K. N. VijayaKumar

  2. Bharati Vidyapeeth Institute of Management and Information Technology, Mumbai, India

    Suhasini Vijaykumar

Authors
  1. Pavan Vilas Rayar
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  2. K. N. VijayaKumar
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  3. Suhasini Vijaykumar
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Corresponding author

Correspondence to Pavan Vilas Rayar .

Editor information

Editors and Affiliations

  1. Dwarkadas J. Sanghvi College of Engineering, Mumbai, Maharashtra, India

    Hari Vasudevan

  2. Dwarkadas J. Sanghvi College of Engineering, Mumbai, Maharashtra, India

    Vijaya Kumar N. Kottur

  3. Oxford Space Systems, Oxford, UK

    Amool A. Raina

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Rayar, P.V., VijayaKumar, K.N., Vijaykumar, S. (2023). Industry 4.0 Implementation in Indian MSMEs: A Social Perspective. In: Vasudevan, H., Kottur, V.K.N., Raina, A.A. (eds) Proceedings of International Conference on Intelligent Manufacturing and Automation. Lecture Notes in Mechanical Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-19-7971-2_18

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  • DOI: https://doi.org/10.1007/978-981-19-7971-2_18

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  • Print ISBN: 978-981-19-7970-5

  • Online ISBN: 978-981-19-7971-2

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