Government is not the generator of economic growth; working people are.
-Phil Gramm.
Gramm’s words ring true on more levels than one. It is the people of a nation who contribute to its true economic growth and development. It is the people who bring their talents, ideas, effort, and skill into the equation to carry a country forward.
The government’s role is to create a conducive environment in the country that provides its people the freedom and resources they need to innovate. Thanks to that, India has experienced consistent growth over the past decade – the fastest-growing economy amongst the major ones in the world. India’s growth is projected to be 6.5% over FY25- 26.
Manufacturing is a major contributor to India’s growth, constituting about 17% of the nation’s GDP and employing 27.3 million workers. Furthermore, the digital economy of India is estimated to account for 20% of the national income by 2029-30, surpassing manufacturing and agriculture.
However, where does employment stand amidst these figures? According to ORF, India saw a 36% rise in employment rates between 2016 and 2023, creating 170 million new jobs. Now, as Industry 4.0 sets in, there is potential for additional job creation in new roles, for which India would need a skilled workforce that is ready to join the bandwagon.
It is here that NAMTECH steps in to take the responsibility of creating a future-ready workforce for the nation’s benefit.
Industry 4.0 and Its Implications for India
Industry 4.0, more popularly known as the Fourth Industrial Revolution, revolutionizes the manufacturing industry by integrating digital and smart technologies into its processes. The resulting “smart factories” are automated, highly efficient, more productive, and flexible with manufacturing based on demand.
The shift from traditional manufacturing to Industry 4.0 is reshaping the job roles and skills required on the floor. While traditional manufacturing focused on mechanical skills and manual dexterity, smart factories require proficiency in digital technologies like AI, IoT, machine learning, and data analysis.
Therefore, reskilling and upskilling are necessary to secure a future in India’s MET sector.
The recent growth in manufacturing industries underscores the urgency for equipping the modern workforce with relevant knowledge. According to The Economic Times, there was a 7.5% growth in the number of persons employed in manufacturing industries in 2022-23, from 1.72 crore to 1.85 crore.
Furthermore, the concept of “Conscious Technologists” is gaining traction for promoting individuals with technical skills, an understanding of ethics, and a focus on sustainability in manufacturing.
With this multifaceted growth story that Industry 4.0 is bringing to India, how do you plan to prepare? NAMTECH can guide your way – let’s see how.
NAMTECH: A Vision for Human Capital Solutions
NAMTECH (New Age Makers’ Institute of Technology) is on a mission to redefine education from rote and conceptual learning to practical mastery. Focusing on Industry 4.0, NAMTECH’s approach to education is to look past textbooks and learn from experience.
NAMTECH aims to establish a learning ecosystem that exists at the confluence of knowledge and application. It envisions learning by doing, experiencing, and seeing for yourself. With that at the core of the institute, NAMTECH defines its clear vision for the future:
To inspire human capital solutions for a digitally connected, sustainable, interdependent world.
The institute focuses on educating, reskilling, and upskilling a workforce of the future with people-centric development strategies. Emphasizing proficiency specifically in the Industry 4.0 ecosystem, NAMTECH aims to incorporate environmental responsibility and green economy principles into the very fabric of manufacturing while fostering global collaboration and adaptability.
This vision perfectly aligns with India’s growth trajectories, with the Make in India initiative and the Viksit Bharat @2047 drive. NAMTECH envisions playing a critical role in creating competent professionals who contribute to the nation’s growth and development under these two initiatives, as well as others.
NAMTECH helps create world-class talent in manufacturing, engineering, and technology.
NAMTECH Mission: Creating Impact with Continuous Learning
NAMTECH is on a mission to augment India’s development and growth with a modernized, skilled workforce familiar with the ways of technology. In NAMTECH’s own words, the mission is quantified and outlined as:
Create impact through industry-aligned, continuous- learning enablement of 3 million smart engineering professionals by 2035.
Three major pillars steer NAMTECH forward on this mission:
1. Aligned with Industry 4.0
NAMTECH ensures that its curriculum and programs are designed to be directly relevant to the needs of the modern industry.
The institute employs professors of practice, incorporates real-world problems to solve in class, encourages industry projects, and facilitates internships in industries. This ensures that candidates learn from real-world experiences and issues rather than reading from textbooks about another industrial revolution.
This enhances the efficacy of the programs and helps candidates learn applicable skills faster and join the workforce to make meaningful contributions.
2. Enabling Continuous Learning
Learning is a continuous process – you can learn anything at any time in life. NAMTECH fosters a culture of lifelong learning and adaptability to help candidates come to terms with a rapidly changing technological landscape.
The 1-year Master’s programs at NAMTECH cover several Industry 4.0 niches, like smart manufacturing, semiconductor manufacturing, advanced robotics technology, sustainability engineering and management, etc.
These programs aim to help candidates gain back their relevance in the dynamic manufacturing sphere.
3. Three Million Smart Engineering Professionals by 2025
Recognizing the momentum in the manufacturing industry in India, and with the employment boost it is experiencing, NAMTECH has set an ambitious target to prepare 3 million skilled professionals for Industry 4.0 by 2025.
To achieve this, NAMTECH focuses on bridging the gap between traditional education and industry needs through the NAMTECH School of Social Impact (NSSI) outreach program. This is a revolutionary initiative that facilitates learning for ITI students by utilizing cutting-edge technological tools and modern approaches.
The Foundation: NAMTECH’s Guiding Principles
The mission of equipping the nation with 3 million smart engineering professionals by 2025 is highly ambitious. To guide its strategies and programmes, NAMTECH employs four key guiding principles:
Core Values
Quality education results in skilled, capable professionals. NAMTECH commits to honesty, following a code of ethics and proper conduct across all its endeavors and efforts. The institute focuses on the ethical use of technology with conscious consideration for the well-being and progress of candidates in all decisions it takes.
The institute delivers high-quality, experiential education led by industry experts knowledgeable in their respective fields. NAMTECH also integrates environmental consciousness into all its programs, aiming to ensure a well-balanced approach to manufacturing that considers both the planet and society.
Experiential Learning
NAMTECH emphasizes the importance of learning through experience to truly understand how manufacturing works and how to improve and innovate the processes. The institute facilitates hands-on learning by encouraging the application of knowledge to solve real-life problems, creating immersive learning experiences with high student engagement.
NAMTECH’s micro learning factories, virtual simulations, and problem-solving approach to reskilling and upskilling aims to rewire how education is imparted.
Global Collaboration and Innovation
NAMTECH has fostered rewarding partnerships with global academic institutions, including the Technical University of Munich, Carnegie Mellon University, ITEES, Washington University, Purdue University Northwest, IIT Roorkee, and others.
These partnerships enable the institute to foster innovative, groundbreaking research and establish global connections with professionals in Industry 4.0.
It imparts a completely new and unseen-before perspective to students as they redirect their skills into a modern, technology-native realm of learning.
DE&I
As a forward-thinking and modern institute, NAMTECH is focused on promoting diversity, equity, and inclusion in its initiative to create a modernized workforce for India. The institute’s programs provide the necessary platform for the marginalized communities to step forward and participate in society with their intellect and skills.
Walk Forward Confidently With NAMTECH
NAMTECH was born with a vision to contribute to India’s development by readying a skilled, technical workforce to welcome Industry 4.0 in the country. The institute’s vision and mission align perfectly with India’s development and growth plans.
This fuels NAMTECH as a crucial national solution for developing a future-ready workforce that drives innovation in the country’s MET sector.
NAMTECH’s transformative, revolutionary approach towards experiential learning, reskilling, upskilling, and modernized education is set to trail blaze a new era of continuous learning in the country. It will have a transformative impact on India’s future, contributing to its sustainability efforts and helping it prosper.
Visit NAMTECH to explore modern education and opportunities in India’s MET sector.
