Terming operations as a commonly used term having a very wide scope, Mr. Rohit Sarma told the students of TAPMI that they key to improving anything quantitatively or qualitatively is to take losses in some entities while superseding it with profits in others.
Make in India, he said, can be beneficial for the agricultural sector, in the sense that labourers shifting from agriculture sector to manufacturing sector will bring in technological advancements in agriculture. Mechanization of the agricultural sector due to this shift might actually be beneficial for the sector.
On the issue of the Goods and Services Tax (GST) implementation, he stressed on how the economy can get a boost of nearly two points if the GST is implemented. The problem of paying taxes in different states would be solved and it will allow manufacturing companies to cut down on costs.
Towards the end of the session he did a SWOT analysis of Make in India. He said that the campaign can be a success because India has abundance of resources and the demography are in favor of the campaign. Coming to the weaknesses though, he pointed out that inadequate skilled labor, lack of transparency and taxation issues are major hindrances.
On the opportunities side, he spoke of the need to push for skill India programs to solve the issue of unskilled labor while also mentioning the aspects of financial inclusion and increase in Foreign Direct Investment (FDI) limits. The threats, according to him remain the United States Fed rate hike and the recent Chinese slowdown.
To conclude, he spoke to students about the various career options available in the domain of operations and the necessary skill sets required at each level and position.