The IT capital is set to host India's first 'smart factory' where machines speak to each other. Armed with the Internet of Things and data exchange in manufacturing, the factory is the future. Experts are calling it Industry 4.0. Reports peg the smart factory market to touch $215 billion by 2025, and there is no major economy in the world that is not embracing it. India's first factory is making progress at the Centre for Product Design and Manufacturing (CPDM) of the Indian Institute of Science, with seed funding from Boeing.

"Yes, the factory will manufacture things here. But it will be a scaled-down version. We won't have the numbers of an actual factory." said Amaresh Chakrabarti, CPMD Chairman

"The aerospace company is giving us enough (funds) to implement this revolutionary project. Indian factories now have automation, and we've made progress there. We're talking about a facility that is autonomous thinking and working on its own." said Amaresh Chakrabart, CPMD Chairman.

Chakrabarti explained what differentiates the smart factory from the rest. A factory has five key elements: machines, tools, people who operate them, parts that are manufactured and the environment where these activities take place.

"The aerospace company is giving us enough (funds) to implement this revolutionary project. Indian factories now have automation, and we've made progress there. We're talking about a facility that is autonomous thinking and working on its own." said Amaresh Chakrabart, CPMD Chairman.

Chakrabarti explained what differentiates the smart factory from the rest. A factory has five key elements: machines, tools, people who operate them, parts that are manufactured and the environment where these activities take place.