WEF Recognizes Dr Reddy’s Hyderabad Factory
HYDERABAD, (IANS) – Pharma major Dr Reddy’s Laboratories on October 11 announced that the World Economic Forum (WEF) has recognized its largest manufacturing facility in Bachupally, Hyderabad, as part of its global lighthouse network.
Lighthouses are factories leading the way in Fourth Industrial Revolution (Industry 4.0 or 4IR) technologies to drive impact in productivity, workforce engagement, sustainability, and supply chain resilience.
“The journey of our facility started four years ago with digitization of infrastructure and processes. Two years ago, we initiated Project ‘OpsNext’ and deployed six of the eight Industry 4.0 technologies, 40+ business impact linked use cases and heavy investment in people capabilities,” the Hyderabad-based firm said.
It added, “Dr Reddy’s aspires to be the most efficient pharma operations in the world. Our productivity improvement and digitalization efforts are key to staying competitive, meeting business imperatives, and meeting our ambitious ESG goals. Building such ‘factories of the future’ is integral to innovation and to build healthcare of the future.”