Interventions

Indian Manufacturing should be built on knowledge plank

In a bid to attain global competitive edge Indian manufacturing should be built on knowledge plank.
Indian Manufacturing should be built on knowledge plank

“For India to succeed as a global manufacturing hub, companies need to partner with each other and create an ecosystem which leads to synergy of their efforts” stated Dr Surinder Kapur, Past President, CII and Chairman, Sona Group in the session on Make in India : Transforming India into a global manufacturing hub. This is possibly the golden phase for India as a new administration at the centre focuses on making India an attractive destination for global manufacturing companies equally supported by its young aspiring Indians.

What and how we manufacture will define how we will build India, stated Dr Rajiv I Modi, Chairman and Managing Director, Cadila Pharmaceuticals. He iterated that it is important that we build Indian manufacturing on a knowledge plank and position it strategically. As a “Knowledge driven economy”, India can provide the edge for global manufacturers.

To drive knowledge driven manufacturing, Dr Modi suggested three point agenda. Talking about the first point- Driving Innovation- Dr Modi stated that the world doesn’t recognise India as an innovator and within the factor of “Ease of Doing Business” lies a very important element of “ease of regulatory clearance of innovated products”. He further iterated that there is multiplicity at the policy-making/ approval level which leads to various inefficiencies and it is imperative that policy integration of various departments required for different regulatory approvals must be done on priority.

The second point Dr Modi mentioned was Building Capacity across sectoral value chains-both within the Government and the private sector. “ For India to move on a knowledge-based growth path, the urgency for developing relevant manpower with practical, industry relevant skills cannot be under emphasised”, said Dr Modi.
The third point was to develop Industry-Academia linkages. He emphasised that greater industry-academia collaborations will lead to high quality human resource. Dr Modi stated that “Make in India”, should also be accompanied by “innovate in India” and “design in India”. There is need to give top priority to quality and empower the employees for building a quality culture. Dr Modi said that the quality of manufactured products from India will continue to remain the ultimate competition driver for India.

Speaking at the same session, Professor Shoji Shiba Chief Adviser, Champions for Societal Manufacturing said that the biggest obstacle for future transformation is mindset change. He added that India must focus on implementation and execution along-with planning. In the last 10 years, India’s manufacturing has changed 10 times and now more number of companies are entering into the ‘Innovative League’, which is a good sign.

“Focused area for future manufacturing has shifted from product planning to product development in India” said Prof Shiba. Re-iterating Dr Modi, Prof Shiba said that In manufacturing, quality has become a commodity.

Prof Shiba emphasised that for sustainable development of the Indian manufacturing sector there needs to be holistic development of both business and society.
 

- Advertisement -
The Changing Face of Rural India