National Productivity Day observed on 12 February 2018

  • The National Productivity Council observed ‘National Productivity Day‘ on 12 February. It is also observing National Productivity Week till 18th February. 
  • It is the 60th Anniversary of the National Productivity Council and is being celebrated as Diamond Jubilee Year. 
  • The theme for the National Productivity Week -2018 is, ‘Industry 4.0 Leapfrog Opportunity for India.’

 What is Industry 4.0?

  •  Industry 4.0 refers to the fourth industrial revolution, which is emerging globally as a powerful force and is being called as the next industrial revolution, is characterized by the increasing digitization and interconnection of products, value chains and business models. 
  • Industry 4.0 would mean the convergence of real and virtual worlds-the next phase in bringing together conventional and modern technologies in manufacturing. This will result in the ‘Smart Factory’, which is characterized by versatility, resource efficiency, ergonomic design and direct integration with business partners.
  • This fourth revolution is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human.
  • The first industrial revolution was triggered by water and steam power to move from human labour to mechanical manufacturing. The second industrial revolution built on electric power to create mass production. The third used electronic and information technology to automate manufacturing. The fourth is the current trend of automation and data exchange in manufacturing technologies.
  • Manufacturing in India: India banks heavily on its Service Sector for growth, the Manufacturing Sector needs to fuel the high growth in India. Prime Minister of India, Shri Narendra Modi, launched the ‘Make in India’ program in September 2014, to place India on the world map as a manufacturing hub. 
  • The Manufacturing Sector especially MSMEs play a pivotal role in the Indian economy and provide the largest share of employment after agriculture. 
  • In order to converge the aims of growth with employment it is important to increase the share of manufacturing in the country’s Gross Domestic Product from 16% to 25% by 2022 and to create 100 million additional jobs by 2022.   

About National Productivity Council (NPC)

    • National Productivity Council a is national level organization to promote productivity culture in India. Established by the Ministry of Industry, Government of India in 1958.
    •  It is an autonomous, multipartite, non-profit organization with equal representation from employers’ & workers’ organizations and Government, apart from technical & professional institutions and other interests. 
    • It is a constituent of an Inter Governmental Body named ‘Tokyo-based Asian Productivity Organisation (APO)‘, of which the Government of India is a founder member.

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