Collective Responsibility for the revival of Indian Manufacturing

Collective Responsibility for the revival of Indian Manufacturing

While working on the priorities it is very important to stay focused on the end result and goals. From the perspective of leaders, it is vital to have clear goal setting and establish a strong connect with the team who is going to be the part of the execution of the plan. At Government of India level, things are working in a positive and action oriented structure specially in the case of MSMEs. The leader who has got the mandate to bring reform is the Indian MSME sector has managed to establish such connect with his team, with the industry and also managed to create a strong buzz. For instance, ‘Make In India’ is a campaign which is designed to revive the struggling giant of Indian economy that is Manufacturing.

Mr Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises, Government of India, is leaving no stone un-turned and no possibility un tapped which could bring results for the Indian manufacturing domain and for the Indian MSMEs in particular. Inaugurating the 22nd CII National Quality Summit 2014 ‘Make in India Revolution: The Zero Defect & Zero Effect Way’. Mr Kalraj Mishra re-emphasized certain points that are important to work upon and critical to consider while surging ahead for the economic growth. Faiz Askari of SMEStreet managed to extract his vision, plans and recommendations in this write up.

Excerpts from Mr Kalraj Mishra’s view points are mentioned below:

On Economic Reforms

The overall development of India through it’s economy is a ‘collective responsibility’ for all. The role of the manufacturing sector in it would be significant, especially in promoting exports. The whole objective of policy makers are focused on bringing result oriented schemes and programs. Such programs should be able to drive better results for the economy and for India as a nation.

On Suggesting Remedies for the Manufacturing Sector

Besides creating jobs, the boost to the manufacturing sector would be crucial to first develop our country and then avail of the Foreign Direct Investment opportunity to further the gains for national wellbeing. India, he noted, already had a number of competitive advantages. India’s domestic market comprised over 600 million rural consumers; Indian workers wages were competitive; it has a large talent pool including a strong engineering ecosystem.

On the New Manufacturing Policy

New Manufacturing Policy had the vision to enhance the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs on a sustainable basis. Key policy instruments for achieving the above objective would include establishment of National Investment and Manufacturing Zones (NIMZs), self governing and Autonomous Bodies for Industrial Townships and proposals to improve access to finance for SMEs in the manufacturing sector. In this context, he lauded the launch of the ZED campaign which would go a long way to make Indian companies, especially the MSME sector, world class.

Although we have to cover a long way but a positive start is already been made.

On ‘Make in India’

The key focus of the ‘Make in India’ campaign entails ease of doing business; focuses on Public-Private partnerships and harnesses the potential of Democracy, Demography and Demand. ‘Make In India’ is a  movement which requires everyone’s participation as it will fetch results for everyone. The economy, the manufacturing sector, common masses etc, everyone shall benefited from this.

The Emphasizing on Excellence

In line with the Prime Minister’s speech and CII’s agenda to make India a Model Inclusive Nation with zero defects and maximum effect, the CII National Quality Summit discussed the way forward for India Inc to become “Zero Defect, Zero Effect” through an enabling environment; adopting excellence framework, systems and processes, incorporating the success factors of business models, consumer behavior, technology trends and future factories.