Advantages and disadvantages machinery industry in india
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Answer:
Reduction in production time – having a machine that is automated definitely speeds up the production time since no thinking is needed by the machine, there is better repeatability, and less human error.
Increase in accuracy and repeatability – when an automated machine is programmed to perform a task over and over again, the accuracy and repeatability compared to an employee is far greater.
Less human error – no one is perfect, and we are all prone to making mistakes. Which is why a machine that performs repeated tasks is less likely to make mistakes than an employee.
Less employee costs – by adding automated machines to an operation, means less employees are needed to get the job done. It also indicates less safety issues, which leads to financial savings. With having less employees, there are numerous costs that are diminished or reduced such as payroll, benefits, sick days, etcetera.
Increased safety – having automated machines means having less employees who perform tasks that can be dangerous and prone to injury, which can make the work environment safer.
Higher volume production – investing in automated equipment creates a valuable resource for large production volumes, which in turn, will increase profitability.
Advantages of Make in India
- Develop Job Opportunity
- Ameliorate the Vicinity
- Expand GDP
- Fortify the Rupee
- Increase in Brand Value
- Up-gradation of Technology
- Development of Rural Areas
Disadvantages of Make in India
- Negligence of Agriculture
- Depletion of Natural Resources
- Loss for Small Entrepreneurs
- Disruption of Land