Manufacturing Modernization Incentives

Recent proposals by Vice President Kamala Harris are a good step to support and revitalize the U.S. manufacturing sector. However, Dijam Panigrahi, Co-founder and COO of GridRaster Inc., argues in the latest Industry Today feature article that tax incentives are just one part of a much-needed modernization effort.

“At the heart of this modernization effort lies the integration of advanced technologies such as artificial intelligence (AI), robotics, automation, and immersive mixed reality solutions,” he maintains. “These innovations have the potential to further modernize production processes, enhance efficiency, and unlock new realms of possibility for manufacturers.”

A cohesive strategy for manufacturing modernization entails:

• Technology adoption and integration: Encourage and support widespread adoption of AI, robotics, and immersive technologies.
• Workforce development: Investment in education and training programs that equip workers with the skills to operate and maintain advanced manufacturing technologies.
• International partnerships: Foster collaborations with other countries such as India to address labor shortages and promote knowledge exchange.
• Research and development: Increase R&D funding for advanced manufacturing technologies.
• Infrastructure investment: Upgrade digital and physical infrastructure to support modern manufacturing facilities.
• Small and medium-sized enterprise (SME) support: Provide targeted assistance to help smaller manufacturers modernize their operations and compete globally.

“The challenges are significant,” Panigrahi says, but so too are the opportunities. By working together – across industries, borders, and political divides – we can reinvigorate a manufacturing sector that is not only competitive but also sustainable and inclusive.”

Read Panigrahi’s complete article, Why Manufacturing Needs More Than Tax Incentives.

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