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Role of Technology in Manufacturing Units

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  • Ankur Agrawal

Abstract

Technology is defined as the know-how to transform concepts into products and services for the satisfaction of consumers/customers. Technology, according to the Indian philosophy is like ‘god’ and can produce anything and everything on earth provided it is ordained by the creator to the inventor/ builder god ‘Vishwakarma’. Technology as created by Vishwakarma, can convert the impossible into possible. Technology in its forms would include know-how. know-why, designs , drawings, specifications, manufacturing process, management information system, training, retraining, etc. Pt. Nehru stated that the creation and adoption of new scientific techniques can, in fact, make up for deficiency in natural resources and reduce the demands of capital. Now-a-days, it has become a readymade instrument to solve labour problems which were considered in the Marxian age as indomitable.

Suggested Citation

  • Ankur Agrawal, 2001. "Role of Technology in Manufacturing Units," Paradigm, , vol. 5(2), pages 1-11, July.
    • Handle: RePEc:sae:padigm:v:5:y:2001:i:2:p:1-11
    DOI: 10.1177/0971890720010202
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