Despite being the sixth-largest manufacturing country in the world, India lags many other countries in the adoption of I4.0 technologies. Industry 4.0 is a wide spectrum of technologies which help firms improve on their performance and customer satisfaction. Adoption of I4.0 makes a firm more competitive in terms of cost, responsiveness, value, and other such dimensions of performance. However, all I4.0 technologies are not equally beneficial. Further, firms are not capable of implementing all technologies, at least, in one go. Therefore, a firm with certain limitations needs to decide the order in which it should adopt these technologies to improve its performance. The present study is an attempt to identify and prioritize these I4.0 technologies and their benefits for manufacturing firms in Indian context. The analytic hierarchy process (AHP) technique has been used for this purpose.