Almas Hyder, chairman of the Engineering Development Board, emphasised that much as industrialised nations achieved efficiency and growth through industrial automation, Pakistan must work to improve on innovation and industrial digitalization to achieve sustainable growth and exports.

Speaking with WealthPK, he claimed that automation was expanding quickly and becoming more widely accepted in order to guarantee higher product quality, increase output, reduce production costs, and increase productivity.

Additionally, he asserted that the use of innovative ideas, cutting-edge technology, and research and development will enable Pakistani goods to successfully compete on the global market.

“Automation can be defined as the process of applying intelligent technology to replace manual, repetitive tasks with automated workflows, enabling businesses to achieve accuracy in their operations.” The size of the global industrial automation market was approximately $191.89 billion in 2021.

The market is estimated to grow at a compound annual growth rate (CAGR) of around 9.3% from 2020 to 2027 to reach $443.5 billion.