What is the impact of the ‘Make in India’ initiative on the Indian manufacturing sector? What are the major changes witnessed last year?
Make in India’ has a long way to go as the Indian industry is languishing way behind in infrastructure, technology and productivity. It is too early to assess the impact of this campaign. Bigger players will be looking for things to improve. The government is yet to make any ground in ease of business, labour reforms and providing skilled manpower, good infrastructure and quality power supply.
Brief us on the major trends in the upcoming years, in terms of technology development, advaced manufacturing technology adoption, product lifecycle, collaborative manufacturing, etc.
Technology is changing at a rapid pace. Designing innovative low cost automation machines is perhaps top on the list. Mechatronics is next and third on the list is robotics. Automotive sector is the growth engine and technologies, which can accelerate its growth are going to set the trends. Application of alternate materials and structural analysis and micro electro-mechanical systems are the other area where newer technology trends will be visible.
How do you plan to align your company’s Vision 2020 strategy with these trends?
We are alive to the needs of the present and future. However, it will be impossible for micro and small industries to invest individually so as to cater to the needs of present industry, leaving beside the future requirements.
What would be your recommendations on achieving manufacturing excellence and sustaining the growth momentum in today’s uncertain market conditions?
Achieving manufacturing excellence and maintaining the growth in the present scenario is a tough task. I think the government has to be proactive and treat manufacturing by MSMEs a priority sector in truer sense.