National Productivity Council is observing National Productivity Day on Monday, and National Productivity Week till 18th February. <br/><br/>It is the 60th Anniversary of the National Productivity Council and is being celebrated as Diamond Jubilee Year. The theme for the National Productivity Week is – Industry 4.0 Leapfrog Opportunity for India.<br/><br/>AIR correspondent reports Industry 4.0 or the fourth industrial revolution as it is called, is emerging globally as a powerful force and is being called as the next industrial revolution. <br/><br/>It is characterized by the increasing digitization and interconnection of products, value chains and business models. <br/><br/>Industry 4.0 would mean the convergence of real and virtual worlds – the next phase in bringing together conventional and modern technologies in manufacturing. <br/><br/>This will result in the "Smart Factory", which is characterized by versatility, resource efficiency, ergonomic design and direct integration with business partners.