OCTOBERASIA BUSINESS OUTLOOK4 Vol 01 · Issue 2 - 1 · October, 2023 Alok ChaturvediPublisherManaging EditorSudhakar SinghAssociate EditorIndranil ChakrabortyAssistant EditorHima P MEditorial TeamP Tejaswini Roshan Akthar Nalini BramhanapalliManager - DesignPrabhu Dutta A.R.N RayEditorial queries editor@asiabusinessoutlook.comSales Team Vinson Raj Vandana M Kommareddy Lahari S Shajilal Akshay Pratap Singh Shubham GroverTo subscribeVisit www.asiabusinessoutlook.com/subscribe/ or send emailto subscription@asiabusinessoutlook.comMagazine Price is $30 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Biz Print Media Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Senior Designer Rajesh R BVisualizer Varun B V. Hari Priya GM Sales & Marketing Nagendra Kumar KCirculation Manager P MagendranAchieving Competitiveness, Efficiency, & SustainabilityIndustrial robotics market in India has witnessed significant growth and transformation in recent years, reflecting the country's evolving industrial landscape. This growth is driven by several key factors that are reshaping the manufacturing sector and automation landscape in India. First and foremost, India's burgeoning manufacturing sector has been a primary driver of the industrial robotics market. Industries such as automotive, electronics, pharmaceuticals, and food processing have expanded rapidly, increasing the demand for automation and robotics solutions. Manufacturers in these sectors are increasingly adopting industrial robots to improve production efficiency, enhance product quality, and reduce operational costs.Furthermore, the need for precision and consistency in manufacturing processes has fueled the adoption of industrial robots in India. These machines excel in tasks that require high precision, such as welding, painting, assembly, and quality control. This has enabled Indian manufacturers to meet international quality standards and compete effectively in global markets. The rising labor costs in India have also played a pivotal role in the growing popularity of industrial robots. As labor costs continue to increase, manufacturers are turning to automation as a cost-effective alternative. Industrial robots not only reduce labor expenses but also operate around the clock without fatigue, thereby boosting production output. Moreover, advancements in robotics technology have made industrial robots more accessible and adaptable to a wider range of industries and applications. Collaborative robots, or cobots, have gained traction in India, enabling humans and robots to work together safely in shared workspaces. These cobots are well-suited for tasks that require human-robot collaboration, such as material handling and small parts assembly.In this issue, weacquaint you with thetop 10 companies in this field and a few other sectors. After studying these industry landscapes in-depth, Industry Outlook has zeroed in on the top10 companies that have excelled in thesefields with their meticulous approach. Having proven their dedication in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.We look forward to receiving your feedback and suggestions. Sudhakar SinghManaging Editoreditor@asiabusinessoutlook.com
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