Current Affairs - Business - Discussion

Tata Steel Kalinganagar becomes the first and the only Indian manufacturing plant that has been included in prestigious Lighthouse Network of the World Economic Forum, a community of manufacturers that are frontrunners in applying 4th Industrial Revolution technologies to draw a competitive advantage from either innovating their production system or by innovating their entire value chains and offering new products and services. TSK in Odisha's Jajpur district commissioned at May 2016 included as one in 10 new factories added in Global Lighthouse Network which has 16 existing lighthouses across multiple geographies and industries. The factories were selected based on their success in integrating cutting-edge technologies such as Artificial Intelligence (AI), big data analytics and 3D(three-dimensional) printing to increase efficiency and make innovation. Tata Steel's IJmuiden plant at the Netherlands is already a member of this network.