Use resources systematically

June 26, 2014 6:53 am

India can become a global manufacturing hub provided it uses its resources systematically
 Dirak is into the production of mechanical and electronic hardware, particularly latches, locks, hinges and handles. It has been providing customer oriented designs. Dileep Kumar analyses the need of developing skill sets and improving infrastructure in order to grow Indian manufacturing sector.
Do the needfulIndia has a workforce of 440 million people below 34 years of age. Moreover, labour cost is comparatively cheaper as well. Therefore, India can become a global manufacturing hub provided it uses its resources systematically. For the purpose, some needful things should be done. Infrastructure and power are two major areas where India needs big improvement. Secondly, developing skill sets to improve the quality of workforce needs attention.
Today’s concerns Non-availability of skilled workforce is a major concern. Further, manufacturing sector faces many problems due to shortage of power, so continuous power supply is essential for reliable manufacturing. High capital borrowing cost is also an issue that needs to be considered.
Attention from govt Manufacturing sector needs lot more attention from the government. It needs to address the issues considering the long-term benefits to the country. Starting with the difficulties in land acquisition to clearances from different government bodies, manufacturing industry needs support. Hence it must simplify policies like land acquisitions and environmental clearances.

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