Delivering the keynote address, Mr Arun Maira, Chairman, Boston Consulting Group (I) Pvt Ltd. said that the manufacturing sector needs to shake off its conditioned state to notice the signs of future growth of industry.
Busting a few myths about the manufacturing sector, he said that in India, it is the manufacturing companies that are the real 'stars', not the services as commonly perceived. He added that actual manufacturing takes place beyond the factory walls.
With the inclusion of intelligence in every step of manufacturing, manufacturing is more about people rather than machines. About the need for 'scale' to compete, Mr Maira urged that industry needs to innovate and not merely recycle and reproduce.
In his welcome address, Mr Jamshyd Godrej, Chairman, CII - Manufacturing Summit said that the right people are crucial for business.
Quoting the success story of the capital goods sector, he said that Indian companies now have international opportunities. The future of M&A in India is bright and it would lead to higher value creation.
In his introductory remarks, Mr Banmali Agarwala, Deputy Chairman, CII Western Region, said that the manufacturing sector is capital intensive and that the demand for blue-collar jobs has gone up on a global basis.
Confederation of Indian Industry
marketing@alchempro.com
