Global standard manufacturing required for global market

By admin June 23, 2016 6:25 pm IST

  The manufacturing setup in India has to be world class as it has to produce global products and that is possible only, if one has world-class automation. That is where Omron comes into the picture.- Sameer Gandhi, Managing Director, Omron Automation Pvt Ltd
One of the global leaders in advanced automation and sensing & control technology, Omron Automation commenced operations in India in 1996.
In an interview with OEM Update, Sameer Gandhi, Managing Director of Omron Automation speaks on why India is the most preferred destination for global investors and Omron’s initiatives with ‘Make in India’.
Invest more to make the most of itIndian manufacturers can make the most of ‘Make in India’ by establishing manufacturing facilities which are world-class. Manufacturing needs to be of global standard for the global market. For this, the manufacturers need to invest more in terms of automation and the latest equipment.
Most preferred destinationIndia is one of the most preferred spots as it is among the few countries with a demographic favour – young and large population with varied skills set and abundance of resources.
It also has a good fiscal management which means as a country, India is not much at a risk in terms of debt or foreign exchange related crisis. Also, so far we have been focusing on domestic consumption. So that is also insulating India from turmoil in global market. So all in all India is a destination where there is a demand that exist for lot of products. Be it cars, papers, smart phones…any item you take, the per capita ownership, per capita consumption is on the lower side as compared to the global average. This means there is scope to buy more, to use more and hence to produce more and that is why organisations are being attracted to India. Also India’s democratic system has a fairly stable political system in the country and a good rule of law. So all these are in favour of global investors.