The Manufacturing Industry in Punjab today finds itself at cross roads, wherein globally the Industry is bracing itself to adopt next gen technologies, amid squeezing margins and intense competition. This report is an endeavour to come up with a holistic approach and practicable solutions which would help create capacity and also bring in concepts of competitiveness and automation that will help engineering sector gain momentum to become the true growth driver of the economy.
The report identifies the strengths of Punjab's Industry and also the weaknesses that has hindered growth in Punjab. Further, it also provides the possible way forward for Punjab's manufacturing industry to make the next big leap forward.
This background Paper was released against the backdrop of the Conference on Achieving Excellence in Manufacturing: Challenges & Opportunities, organised by CII on 21 July 2017 at Chandigarh.