‘Make in India’ to cut down delays in clearance of manufacturing projects

By admin June 29, 2016 3:53 pm IST

India has a large technical talent pool that can cater to the ‘Make in India’ initiative. India has been a home to major manufacturing sectors for several decades and is a natural choice for the global investors.C H Prahallad, Country Head – Quality & Operational Excellence, ABB Ltd
  The key thrust of the ‘Make in India’ program is to cut down in delays in clearance of manufacturing projects, develop adequate infrastructure and make it easier for companies to do business in India. The industry is talking about higher contribution to GDP from 17 per cent currently to 25 per cent by 2022, by engaging higher SME involvement and by education plus upgrading skill set. Among others, the program of identifying and creating eco-system of local suppliers has started to produce goods at par with global quality.
Making the most of ‘Make in India’Manufacturers can make the most of ‘Make in India’ by expanding manufacturing operations and creating more job opportunities for the direct labour and subcontracting. Focus more on process and product improvements and enhancements. Manufacturers can use this opportunity to increase exports by improving product quality and reliability.
India has technical talentIndia has a large technical talent pool that can cater to the ‘Make in India’ initiative. India has been a home to major manufacturing sectors for several decades and is a natural choice for the global investors. In the words of the Prime Minister its advantage can be defined as 3D – democracy, demography and demand. Infrastructure is also growing in terms of express highways, international airports, metros and port upgradation and there is enormous scope for future growth.
Roadblocks & bottlenecksEase of operation towards which the government has been making efforts – one is ease of doing business and the other specifically operations both needs to be looked into. The combination of easing the macro and micro environment for businesses to run their operations smoothly is a must.