New Delhi, Dec. 22 -- India has about 850,000 cooperatives with over 290 million members relying on these collective enterprises for their livelihood. Cooperatives are pillars of India's grassroots economy. Yet, in a rapidly evolving world, many struggle to stay relevant due to resource constraints, operational inefficiencies and limited technology adoption.

The Prime Minister's clarion call for 'Sahkar se Samriddhi'-prosperity through cooperation-can become a reality only when cooperatives embrace Industry 4.0 tools that promise efficiency, transparency and sustainable growth. By aligning with the fourth Industrial Revolution, cooperatives are poised to reclaim their role as crucial contributors to inclusive economic growth.

Emerging t...