The challenge with technology implementation in today’s world is the industrial workforce's acceptance, awareness, and cost implications. This also requires old systems to be obsolete and complete staff training on the new system change. This research aimed to understand the readiness, acceptance, and implementation of the concept of I4.0 and performance in the Indian industrial sector for achieving a business edge. In addition, the paper strives to analyze the impact of dimensions of manufacturing strategy (i.e., cost, delivery, flexibility, and quality) on I4.0 performance. The conceptual framework was developed under the lenses of dynamic capability theory [1–3].The survey method was used to collect the perception data from middle to above middle executives. To test the hypotheses, CB-SEM measurement and path models were developed using the IBM- AMOS 25. A random sampling using an in-person survey and an online sample collection method was used to obtain the sample data. A total of 232 valid sample data were eventually analyzed out of the total collected 273 datasets to check the reliability of our hypothesis. The results showed that quality and the delivery performance had a strong positive relationship with industry 4.0 supplier performance (i4.0SP) while cost and flexibility performance failed to improve i4.0SP significantly. Academically this research contributes to the literature of industry 4.0 and dynamic capability theory. The findings of this research give clear directions to the manufacturing organizations of the developing nations to focus their efforts towards inbound logistics to improve the i4.0SP.