LMW
LMW

Do you want to advertise here? Contact us

Thriam
Thriam

Do you want to advertise here? Contact us

OEM Update
.

Govt needs revisit its policies

By June 26, 2014 7:10 am IST

Govt. should open some sectors like railway and natural resources to private players to raise competition and improve quality
 Mitsubishi established Mitsubishi Electric India (MEI) in 2010 to drive its India business. MEI also supports Mitsubishi Electric’s social infrastructure related businesses, such as power systems and transportation systems. Rajeev Sharma talks about Indian economy and the necessary steps to be implemented in order to become global workshop.
The big ironyIndian economy has become service-based economy with the service sector contributing to around 55 per cent of the GDP followed by manufacturing sector and agriculture sector.
There has always been a talk about the abundance of natural resources and the irony of exporting raw materials and importing finished goods as far as manufacturing sector is considered.
Smart city is also one concept which could promote urbanisation through development of new manufacturing hubs. There are examples of cities in India where one big industry has led to development of large SME cluster which could be taken as a typical case study on how to make manufacturing hubs.
Accelerating factorsKey factors which positively affect the manufacturing sector include transportation, energy infrastructure, govt. policies, public health, education and skill levels, information and communications technology etc.
The country needs to look at its biggest strength i.e. population. Rich dividend could be drawn out of demographics if the manpower is armed with vocational skills. Efficient labour makes all the difference and India is fairly lagging in this area as per manufacturing cost competitiveness report of BCG. As per CII McKinsey study, China’s labour productivity level is 2.8 times than that of India’s and China’s manufacturing sector productivity is 5.5 times than that of India’s.

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

Hannover Messe 2025
Hannover Messe 2025
Diemex
Diemex
Metal Forming Expo
Metal Forming Expo
ChemProTech India 2025
ChemProTech India 2025
Aerodef India Manufacturing Expo
Aerodef India Manufacturing Expo
Blech India
Blech India
Intralogistic & Warehousing Expo
Intralogistic & Warehousing Expo
Wiretech 2025
Wiretech 2025
India Fastener Show
India Fastener Show
India Manufacturing Show
India Manufacturing Show
Factory Automation Expo 2025
Factory Automation Expo 2025

eMagazine March 2025

eMagazine March 2025
eMagazine March 2024

Do you want to advertise here? Contact us

Our Sponsors

B&R Automation
B&R Automation
Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
Inovance Technology
Inovance Technology
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Vega India Level Ltd
Vega India Level Ltd
Studer
Studer
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Aard Wolf
Aard Wolf
Widma
Widma
Silasers
Silasers
Velvex
Velvex
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
TruCut
TruCut
Voestalpine
Voestalpine
LMW
LMW
Ugro
Ugro
Deceler
Deceler
EAPL
Red Lion
Exor
Exor
Wika Instruments India
Wika Instruments India
Carol
Carol