Study: Digitalization Could Boost India’s GDP by USD1.04 Trillion by 2025

Hyderabad, May 23, 2024……A full-day Leadership Summit on Navigating Digital Transformation in Engineering and Manufacturing will be held in the city at HICC on Friday.


Titled DXEM 24, it will be hosted by Plural Technology, a Hyderabad-based company specialized in Product Lifecycle Management (PLM) and Enterprise Software services. The summit aims to delve into the transformative potential of digital technologies in the fields of engineering and manufacturing and explore how embracing these advancements can drive growth, innovation, and sustainability.

Mr. Deepak Sapra, CEO of Dr. Reddy’s Laboratories will deliver the opening address. Mr Peter Bilello, CEO, and President, CIM Data will deliver a Keynote address on Digital Transformation. Both the speakers are prominent leaders from the industry.

A panel discussion will be moderated by Dr Ramgopal NC, Technology & Innovation Director, Spantech Engineers, ex-Program Director of Emirates ID and led large-scale digital transformation projects for the Government. The panellists of the same include Mr Sudhakar Rao, APAC Head, Ui Path; Dr Rajaram Iyer, VP, Lauras Labs; Mr Siva Kumar Rachakonda, President, Zetatek Group; Mr Dhanraj Tirumala, Founder & CEO, CGI Simulations Pvt Ltd

Other important sessions include talks on ESG (Environment, Social & Governance), technical sessions focused on Digital technologies deployment, challenges, and case studies.

Digital transformation in engineering and manufacturing holds immense promise not only for individual businesses but also for the broader socioeconomic landscape of Telangana and India as a whole. By harnessing the power of digital technologies such as artificial intelligence, Internet of Things (IoT), robotics, and data analytics, companies can streamline operations, enhance productivity, reduce costs, and accelerate time-to-market for their products said Mr Sunil Savaram, Founder & CEO, Plural Technology, in a press note issued in the city today.

Moreover, embracing digital transformation can position Telangana and India as global leaders in the engineering and manufacturing sectors. According to recent studies, embracing digitalization in manufacturing could potentially add USD 1.04 trillion to India’s GDP by 2025, representing a significant boost to the economy.

Furthermore, digital transformation in engineering and manufacturing can also play a pivotal role in addressing critical challenges such as sustainability and environmental conservation. By optimizing processes, reducing waste, and adopting green manufacturing practices enabled by digital technologies, companies can minimize their carbon footprint and contribute to building a more sustainable future for generations to come, the news release from Plural Technology added.

Many leaders and representatives from the Lauras Labs, Dr Reddy’s Laboratories, Granules, World Health Organization, IKP, Qualcomm, Carrier Technologies, etc together with 150 delegates will participate in the summit.