Local companies should accelerate

June 26, 2014 6:41 am

Local companies should be able to achieve large volumes and economies of scale like China. This cannot happen only with domestic demand
DesignTech Systems is one of the leading CAD, CAM, CAE, PLM, RPT solutions, additive manufacturing technologies, and engineering services provider from India. Vikas Khanvelkar analyses the current situation of Indian manufacturing sector and its place in the competition being faced.
Need promising initiativesIndia can definitely become a global manufacturing giant and ‘Made in India’ mark can certainly give China a run for its money. This can happen if India incorporates some initiatives. There is a need like never before to help generate skilled and trained manpower. Undeterred power and water supply, availability of industrial land at affordable rates are fundamental essentials to set up manufacturing plants. As power cuts take a huge toll on productivity and profitability and hence adequate power generation facilities are needed.
Important factorsIt can be said that India is well placed in high value add design and engineering services as compared to most of the other competing countries. Now local companies should be able to achieve large volumes and economies of scale like China. This cannot happen only with domestic demand. So to increase exports, these companies should be helped to become globally competitive.
Labour laws should be made easy and infrastructure like road and rail connectivity needs to be improved. And of course availability of uninterrupted power is also a must.

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