Industry 4.0: A Study of India's Readiness as Preferred Investment Destination in Automotive and Auto Component Industry

Industry4.0 was originated in the Germany who defines major technological changes in manufacturing and laid down certain protocols for worldwide competitiveness of German industry. As the new era of ‘smart’ factory is about to begin, in which computers are connected with robotics remotely and use machine learning programs that can control the automatic machines with ease. In this paper, the basic inspiration of industry4.0 will be shared. The analysis of the effectiveness of Government of India's ‘Make in India’ initiative on manufacturing industry is assceesd. In the end, India's competitiveness in automotive industry and India readiness as preferred investment destination by all major automobiles giants will be discussed. And further some of the Government of India's initiative to boost up Auto Sector is also discussed.