Here we are, the last month of the year. There were some ups and downs in the industrial growth in this year. But India still remains as a new growth leader in Asia-Pacific, having overtaken China. With the Prime Minister’s ‘Make in India’ initiative to place India on the world map as a manufacturing hub and give global recognition to the Indian economy, India’s manufacturing sector could touch US$ 1 trillion by 2025. There is potential for the sector to account for 25-30% of the country’s GDP and create up to 90 million domestic jobs by 2025. Instead of being a dumping ground for the companies across the world, India could attain a unique position of manufacturing excellence by this programme, for building worldclass products for our own consumption as well as for export.
This calls for acquiring an ability to respond quickly and effectively to the changing demand conditions of the domestic as well as international markets. The zero defect mindset is the necessity to ensure the success of `Make in India’ programme, besides fostering technical excellence, with skill enhancement in our workers. Moreover, there is an acute need to improve India’s ailing infrastructure scenario and defunct logistics facilities. In short, it is a long road ahead!
As we approach the end of the year, it is always a good time to regroup, reexamine and revisit your strategies and tactics—both from a business as well as an operational perspective. While the future may not look so promising with a very volatile global economy, it’s always worth taking advantage of every opportunity you have to try new things. Finally, with all the unrest and intolerance in the world, we hope you find the success!
Publisher & Chief Editor