12 Oct 2022 , 08:44 AM
The World Economic Forum has acknowledged Dr. Reddy’s Bachupally formulation facility in Hyderabad and Cipla’s Oral Solid Dosage (OSD) factory as members of its Global Lighthouse Network.
Lighthouses are manufacturing facilities that are setting the pace for Industry 4.0 or 4IR technologies to improve supply chain resilience, labour engagement, and productivity.
The deployment of automation is being driven by Dr. Reddy’s and Cipla in all of their plants.
Four years ago, Dr. Reddy began implementing Industry 4.0 technology by digitizing his infrastructure and business procedures.
Dr. Reddy’s claimed to have experienced considerable business results, including a 43% improvement in manufacturing costs, a 30% decrease in production lead time, a 41% decrease in energy use, and a notable decline in quality deviations.
To increase end-to-end costs, productivity, and quality leadership, Cipla has started installing “Digital Automation Analytics” (DAA) across a network of 22 Indian facilities in simultaneously.
With over 30 4IR use cases covering the industrial internet of things, digital, advanced analytics, natural language processing (NLP), robotic process automation, etc., Cipla’s Indore Oral Solid Dosage (OSD) plant took the lead on this journey. This ground-breaking technology led to lower manufacturing costs and increased speed and agility.
Cipla reported a 23% increase in production, a 28% drop in specific greenhouse gas (GHG) emissions, and quality improvements at its Indore Oral Solid Dosage (OSD) facility.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.