- Alton an indigenously developed humanoid robot requests Nirmala Sitharaman for a #futureready budget
- Robotics, Artificial Intelligence, Machine Learning, and other emerging technologies will help India grow faster
INVC NEWS
Mumbai,
Inker Robotics, a technology based start-up and an industry expert in the field of Automation are developers of ALTON, an indigenously developed Humanoid Robot. Alton has put forward a request for Finance Minister Smt. Nirmala Sitharaman ahead of the Union Budget 2021. ALTON, developed at INKER’s R&D center, is a modular training Robot of its kind, designed to enable an experiential learning experience in Robotics.
In an interaction with his CEO, Mr. Rahul P Balachandran, ALTON shared his view and expectations from the upcoming Union Budget, he said, “Globally Automation is currently a $168 Billion industry with an immense growth opportunity. As we move along this path, the nature of jobs and the skills required will be different from what we have currently. With progress also comes the need to innovate, reskill and upskill. Now is the time to drive adequate skilling initiatives and designing the strategic education roadmap by academia and industry leaders in the field.
To meet India’s vision of a $5 Trillion economy, incentivization of educational road map development with industry participation is required. Additionally, incentivization of relevant sectors to adopt the Industry 4.0 technologies should be provided to accelerate the demand for robotics and automation.
The expectation from the Finance Ministry during the Union Budget Announcement on February 1 is to support automation players in diving deeper into this mission, empower the student community to drive India’s Automation future, and help stakeholders across industries to drive this vision.”
Rahul Balachandran, Founder, and CEO, Inker Robotics as an industry specialist in the world of machines and robots, Rahul foresees to open a whole new dimension of practical knowledge to the industry stakeholders about the opportunities that lie with Automation basis hands-on experience with their hi-end robotics equipment.
Sharing his views on the Budget and expectations, he said “India has been projected as the only economy that will grow in double-digit i.e. 11.5 percent in 2021. As we have seen, the challenging 2020-21 has made us realize the importance of adapting and adopting the latest technologies to drive the economy forward. To enable us to be future-ready it is important to expand on policies and programs like National Program on Artificial Intelligence.
There should be more focus in the budget on various constituents of Industry 4.0 like Robotics and automation, Digital manufacturing, AI among others where India is lagging behind many of its global peers when it comes to both innovations in the areas as well as their adoption across sectors.
The need of the hour is well-thought-out Policy formulation to support and nurture Unified support systems and comprehensive eco-systems that will bring together stakeholders across academia, research and development and industries. This will accelerate the translation of investment and innovation to value generation and impact creation. The expectation from the Finance Ministry during the Union Budget Announcement on February 1 is to support various stakeholders who are driving the mission – “Futuristic technologies to enable the Atmanirbhar Bharat vision by framing favorable policies, providing grants and strategic investments.”
