iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

WEF recognizes Dr Reddy's Lab and Cipla facilities in Global Lighthouse Network

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

  • Cipla
  • dr reddy
  • Lighthouse network
  • WEF
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

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)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.