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FICCI-EFESO Presents Survey Report of Manufacturing Excellence in India

FICCI-EFESO have presented its first survey report of the Manufacturing Excellence in India.

FICCIV K Saraswat, Member, NITI Aayog, said that there is a need to push the Make in India and Atmanirbhar Bharat programs in the Indian manufacturing ecosystem. “A service-based economy is prone to market risks and manufacturing is going to facilitate a stronger and stable growth. Atmanirbharta calls for high reliance on imports that limits our holistic growth, hence we need to have more indigenous production,” he added.

Addressing the virtual ‘FICCI-UNIDO Dialogue on Swachh Udyog- Manufacturing Excellence in India’, Saraswat said that Make in India through Industry 4.0 is an important transition in the manufacturing sector that will bring new technologies, new operations, and will impact all sectors. This will bring competitiveness, Atmanirbharta, and make our manufacturing sector a bigger contributor to the GDP, he added.

Saraswat, while highlighting the manufacturing vision of 2030, said that we will see factories that are green and sustainable. Factories should be in areas that are closer to both the workers and the customers. The Indian production system should be design-oriented, he added.

He further stated that R&D plays a crucial role in manufacturing and there is a need for smart manufacturing R&D centers to showcase new technologies so that industries can use them to grow further. “This will also help in proving Atmanirbharta in these areas and we will not be dependent on importing these technologies,” he said.

Addressing the introductory session, Alka Arora, Joint Secretary, Ministry of MSME said that manufacturing is the future of the world. “We all know that manufacturing is not at the level at which we have would have wanted it to be. COVID-19 posed a challenge to the MSMEs to get up and start working on chapters that will take them to the next level. There are challenges, apart from the financial ones that MSMEs need to overcome.”

Shyam Bang, Chairman, FICCI Taskforce on Manufacturing Excellence said that profit is not an indicator of excellence, therefore manufacturing excellence initiatives are essential to increase competitiveness.

Suresh Khandelia, Co-Chairman, FICCI Committee on Textiles and Technical Textiles & Advisor to Executive Chairman, Sutlej Textiles, and Industries Ltd. said, “A dialogue like this is important to spread the awareness about how technologies around the globe are shaping the manufacturing space to achieve excellence. Indian industry, including MSMEs, have been adopting Industry 4.0 technologies,” he said.


Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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