Bikash
Choudhury
Prime Minister made a strong pitch for the Indian
manufacturing sector in his maiden National address from the ramparts of the
Red Fort in New Delhi . After a long
time an Indian Prime Minister Spoke like a passionate activist—make in India
and made in India .
There was a National Symposium on Manufacturing Best Practices at Bhubaneswar
recently with intent to exchange ideas on best practices among Union/State
Govt. and Indian Industry. It was agreed that Indian Manufacturing Sector has
completely failed the domestic economy against a potential of being the power
house of Global Manufacturing Industry. Opinion varied about the probable
reasons of such monumental failure—some believed it was the difference between
‘knowing and doing’ and some others thought ‘we lacked focus on
manufacturing’ while a section professed ‘ it was a question of mindset
which we missed’. Union Govt. is trying its best to be proactive
facilitators for our nascent manufacturing to thrive while the High Interest
Regime of our Central Bank throwing spanner on growing enthusiasm for
investment in the domain. The consultants are gung ho about India
becoming the Germany
of the East in manufacturing; that could be a long shot at the moment but not
an entirely impossible dream. Indian Industry should get together to modernize
our agriculture sector that could spur the demand for manufacturing and lift
the sector from current depression. Our central /state Govt. should persuade
our corporate sector to adopt one district each and invest in soil testing
laboratory, farm equipment, farm consultants, ware house and food processing
centers to create value in rural landscapes that would eventually travel down
to the manufacturing sector.
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