Combining forces with climate change and and a decentralisation of societal, political and infrastructure systems, digitalisation is widely acknowledged to be driving a new phase of global industrial revolution.
The term Industry 4.0 is now littered throughout company transformation strategies across sectors and utilities are no exception. Developing the capabilities to thrive in digitally enablesd markets is core to any utility’s vision of its future self. But where are the hotspots for Industry 4.0 excellence around the world which utilities – and other businesses – can look to for inspiration, and as location to create centres of digital business excellence?
Lithuania may be the surprising answer. The country has been recognised by the European Commission as an international exemplar in its development of Industry 4.0 capabilities and according to the Cushman & Wakefield Manufacturing Risk Index, it is the second most attractive place in the world to locate industrial investment – after industrial super power China. Furthermore, with strong incentives for foreign companies to invest in industrial hubs like Šiauliai, Lithuania is rapidly developing its position as a global digital economy.
Complete the below download form to find out more about Lithuania’s credentials as an Industry 4.0 powerhouse and the benefits Šiauliai can offer foreign investors including:
> 0 percent income tax for the first 10 years of business
> 0 percent real estate rate for the entire period of operation in FEZ
> Internationally recognised “ease of doing business” rankings
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