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OEM Update
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India’s manufacturing sector embraces frugal engineering: Frost & Sullivan

January 13, 2016 10:45 am

Other major trends include the rise of connectivity and data traffic, move towards bricks and clicks model, and emergence of a she-conomy
  Frugal innovation will be the key value proposition in the manufacturing space, observes research agency Frost & Sullivan in its latest analysis titled “New Mega Trends in India”. It said that business models surrounding this concept have already yielded low-cost alternatives for simple goods like tablets and complex ones such as satellites.

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