3 Indian factories join WEF’s Global Lighthouse

Tags: Economy/Finance

Three Indian factories are amongst the 11 factories and industrial sites worldwide which have been added to the World Economic Forum’s (WEF) Global Lighthouse Network.  WEF announced the inclusion of Pharmaceuticals company Cipla’s Indore factory, Dr Reddy’s Laboratories’ Hyderabad factory and the FMCG Company Mondelez factory in Sri City (Andhra Pradesh) on11 October 2022. 

The Global Lighthouse Network is a community of over 100 manufacturers that are showing leadership in applying Fourth Industrial Revolution technologies such as artificial intelligence, 3D-printing and big data analytics. 

Incorporating advanced digital production (ADP) technologies into industrial production processes has given rise to the concept of Industry 4.0, also known as the Smart Factory.

In the 4IR, computers are connected and communicate with one another to ultimately make decisions without human involvement. 

Sustainability Lighthouse by the World Economic Forum (WEF).

Hindustan Unilever Limited (HUL) Dapada factory, which manufactures home care products including Surf Excel, Rin, and Vim, has been recognised as a Sustainability Lighthouse by the World Economic Forum (WEF).

This is the first Unilever site and the first company across sectors to achieve this status in India. This recognition comes on the back of the unit being accorded the designation of an advanced Fourth Industrial Revolution (4IR) Lighthouse earlier this year.

The unit has been recognised for its use of innovative solutions, specifically the use of machine learning and integrated energy management systems to reduce energy, water and material waste.

Fourth Industrial revolution 

The Fourth Industrial Revolution (4IR) is a term coined in 2016 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.  

Incorporating advanced digital production (ADP) technologies into industrial production processes has given rise to the concept of Industry 4.0, also known as the Smart Factory.

In the 4IR, computers are connected and communicate with one another to ultimately make decisions without human involvement. 

World Economic Forum Headquarters : Geneva, Switzerland.