Excerpts from the discussion:
Mr. Pramod Sant, Vice President – Head of Import Export and Export Control & Customs, Siemens Ltd
Mr. Pramod Sant talked about the global outlook of Indians and how they are making their presence felt across the globe in all fields. He took the example of Indian diaspora being successful in foreign nations despite odds stacked against them. He said that the changes in manufacturing sector should take place from the grassroots. Any company which is successful in India can be successful worldwide. The complexities and challenges faced by manufacturing companies in India are multi-fold. The onus is on the government to change this and make the manufacturing sector of our country truly competitive with the rest of the world.
Mr. V. Raju, Vice President – 3PL & Contract Logistics, Adani Logistics Ltd.
Mr. Raju talked about innovation and its impact on the manufacturing sector in India. He opined that there should be an approach towards thinking innovatively. He said that the motive of Make in India campaign is not only to make foreign companies to invest in India, but also to produce quality products in India. He compared Indian economy with that of other developed economies and said that developed economies don’t support time delays in investment decisions. India will have to emulate such policy decisions to allow quicker and efficient decision making there by helping the manufacturing sector to grow.
Mr. Sathish S.V., Assistant Vice President – Buying and Merchandising, Spar Hypermarket
Mr. Sathish talked about the importance of business perception and its link to the success of any manufacturing industry. There is this general perception among Indians that the products being manufactured outside of India are of higher quality than the ones being manufactured in India. In order to sustain in the long run, companies need to constantly reinvent itself and go for brand relaunches. He further agreed to the points raised by Mr. Sudesh about lack of storage and transportation network in the perishable commodities sector. Logistics plays an important role in the success of any manufacturing sector and hence has a key role for successful implementation of Make in India campaign, he said.
Mr. Venkatramanan Krishnamurthy, CEO, Wefaculty
Mr. Venkatramanan made the discussion livelier by taking anecdotes from his work life. He talked about the transformation achieved by the Singaporean government to change it from a developing nation to developed nation in a short span of time. Unless we root out the teeming inefficiencies from our system, India will never be able to achieve its true growth potential, he said. He pointed out that the contribution of manufacturing sector to GDP of India is very low compared to other industrialized nations. Hence India has got a long distance to go before being called a manufacturing power house. According to him, government should concentrate on developing industry clusters and improving the ease of doing business in India. He added that the change in taxation policies, implementing GST are all positive steps in this direction.
Mr. Sudesh Nayak, Deputy Manager – Supply & Global Sourcing, Manipal Group
Mr. Sudesh Nayak started off by talking about zero defect delivery. According to him, lack of proper supply chain and infrastructure is hampering the effective implementation of Make in India initiative by the government. He took the example of perishable goods industry. India lacks quality storage and transportation systems. The losses accumulated by the industry players come up to millions of rupees. In order to change this, there needs to be a strong logistical support system. The government must put these fundamental pre-requisites in place to ensure that the manufacturing sector gets a boost in the coming years.