By Samachar Vishesh News
Chandigarh 06th
Aug:- The state has received more than 5000 crores of new investments
in the last two years and further aims to leverage its New Industrial Park
Policy to boost public-private partnerships, said Vini Mahajan, Additional Chief Secretary, Industries, Commerce
& Investment Promotion, Government of Punjab at the 3rd Edition
of CII Conference on Achieving Excellence in Manufacturing, organised here
today.
She also invited CII to support the
state machinery in meeting its intended development goals by ensuring that the
industry members make the best use of the structured policy framework
provisioned by the government. She added that Punjab government aspires to
provide an enabling ecosystem for industrial growth and is aggressively working
towards skill development, provisioning employment, supporting start-ups as
well as building quality infrastructure.
Rajat
Agarwal, CEO, Punjab Bureau of
Investment Promotion said that adoption to changing technology, up-skilling of
human resources as per contemporary requirements and financial inputs are the
three major factors that impact the growth of our industry. He also informed
the participants that the industry incentive structure of Punjab government is
based on up-gradation, diversification, expansion & modernization of its
units. He further mentioned that rendering support to MSMEs, boosting industry
competitiveness, ensuring quality compliance, revival of sick units and
conducting R&D activities are key focus areas of the policy makers in the
state.
Kamal Bali,
President & Managing Director, Volvo Group India, said that the
manufacturing industry, considered the backbone of any emerging economy,
contributes only 15 per cent share in India’s GDP which should rise to 25 per
cent in the coming years. Focusing on manufacturing creates a cycle that runs on
its own, offering overall sustainability and progress to a country. However,
this is the era of collaborations and partnerships and support from the
government is paramount. Real and innovative incentives, easy financing, ease
of doing business in manufacturing, are some of the areas where requisite
support from the government is required.
He added that
moreover, it is time for us to change our asset-led business model to idea-led
business model as the customers today do not seek products but solutions and
outcomes. There is a need to develop the skill set as 48% of skills we have
today would become redundant in the next 5 to 7 years.
M M
Singh, Executive Advisor, Maruti Suzuki India Limited highlighted
that a business can increase its productivity by 20-30 per cent and can also
reduce its cost at the same rate just by revisiting their own practices and
operational procedures. He further added that quality of output and safety of
the workforce are two critical parameters in any production unit. M M Singh suggested
the participants that it is imperative to give the requisite safety and watch
the work environment in which the human capital operates. He also mentioned
that we must not only incline ourselves to replicate global trends, rather work
towards creating our own footprints.
Harish
Chavan, Chairman, CII Punjab State and CEO, Mahindra & Mahindra
(Swaraj Division) said that we require to build and adopt flexible business
models and be extremely careful about what to automate and how to automate in our
production units. He further opined that the manufacturing industry is
encountering drastic challenges and most of the manufacturing entities are not
fully aware as to how they can increase their internal competitiveness.
Vijay
Kalra, CEO – MVML & Chief of
Manufacturing Operations–Auto Sector Mahindra & Mahindra Limited expressed
his opinion by saying that skill is a huge differentiator in using technology
& innovation to one’s advantage. He further mentioned that perfection is
gradually becoming a reality in this competitive era and it’s almost impossible
to forecast the growth trends with determination. He advised the attendees of
the conference to be alert and only adopt technical changes which are relevant
to their business lines and not blindly follow what is popular.
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