What is the impact of the ‘Make in India’ initiative on the Indian manufacturing sector? What are the major changes witnessed last year?
Generally speaking, manufacturing has not shown any perceptible change due to the ‘Make in India’ initiative. Perhaps more time is required for the benefits to show up; in my opinion the ‘Make in India’ initiative requires support and quick change towards more conducive facilities and policies for such an initiative to take off. I would still say that such initiatives are needed even though it has created more hopes than real change. Unfortunate part is that our government is unable to push thru reforms, which would positively impact such initiatives.
Brief us on the major trends in the upcoming years, in terms of technology development, advaced manufacturing technology adoption, product lifecycle, collaborative manufacturing, etc.
A key observation is that manufacturing is picking up in countries like USA, Canada, Italy, UK while it is showing a downward trend in China; this means the mature markets are getting even more efficient and effective, so which again means product development and manufacturing are leveraging the cutting edge approaches such as product lifecycle management as well as more organised and focused R&D efforts. Hence, successful companies wanting to differentiate themselves with competitors are continuously staying ahead by meticulous application of these tools as a strategy. Of course, what we need to watch out for is the trends with respect to the now famous disruptive technologies such as Additive Manufacturing. Businesses need to be prepared and adapt to changes in time to sustain and grow.
How do you plan to align your company’s Vision 2020 strategy with these trends?
UCAM as a first step has invested on a world-class infrastructure, which is comparable with its international competitors. Definitely, utilisation of modern technology tools is a key focus in our strategy to be able to compete. We have worked with German technology institutes and industrial design houses in Italy and in India to be able to ahead in technology and come up with appealing products.
What would be your recommendations on achieving manufacturing excellence and sustaining the growth momentum in today’s uncertain market conditions?
Customer focus and customer’s satisfaction continue to remain a key driver in achieving manufacturing excellence as well as growth. Companies need to continue to differentiate in their business practice as well as offer solutions to customers. Focus on quality as well as on-time delivery is basic hygiene.
Again the emphasis is on worldclass as well as scalable infrastructure. Important key area is brand development, brand building and holding brand promise. For scaling up, machine tool and machine tool accessory companies need to focus on international markets.