‘Make in India’ will drive competition in domestic market

By admin July 15, 2015 5:37 pm IST

The defence acquisition procedure needs to be further streamlined and made easier and faster.
GK Pillai, Managing Director and CEO, Walchandnagar Industries Ltd____________________________________________
 Walchandnagar Industries Limited (WIL) is a leading heavy engineering, manufacturing and project execution company with presence in capital goods and defence space. WIL has diversified business offerings across core sectors with focus on turnkey projects, hi-tech manufacturing, engineering products and engineering services.
In an exclusive interview with OEM Update, GK Pillai, Managing Director and CEO, Walchandnagar Industries Ltd. shares his views on the ‘Make in India’ initiative.
‘Make in India’ will give boost to defence sectorThe Indian capital goods and equipment manufacturing industry has seen a sluggish phase in past few years. With launch of the ‘Make in India’ initiative, India is getting recognition in the world map as a manufacturing hub. This will ensure more capital flows in the country for new projects and early revival of the sector. This will also ensure competitiveness of domestic capital goods sector at par with global standards, with acquisition of cutting-edge technology.