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CII 14th Manufacturing Summit 2015 - Future of Indian Manufacturing : Bridging the Gap
 
 
Description

The Confederation of Indian Industry (CII) held the 14th edition of it's annual CII Manufacturing Summit in Mumbai, in collaboration with the Boston Consulting Group (BCG), its knowledge partner for the event. On this occasion, CII-BCG published a report entitled 'Future of Indian Manufacturing: Bridging the Gap', where BCG assesses progress of the 'Make-In-India' thrust, compares states on their quality of manufacturing ecosystem, looks at global shifts, and lays down imperatives for the industry.

The Report concentrates on the following sub-themes :

  • State of the Industry : Muted Optimism
  • Make In India : Scorecard One Year On
  • Global Shifts : Advantage Manufacturing, Advantage India
  • The Factory of Tomorrow : Is India Ready ?
  • Make In India : State's Responsibilities
  • Make In India : Industry's Responsibilities

The CII-BCG Report highlights the declining attractiveness of China as a manufacturing base due to labor and yuan challenges, and emergence of new destinations such as Ethiopia and Vietnam which are becoming competitive. In addition, the report notes that the adoption of advanced manufacturing technologies is disrupting the advantages of low labor cost. 

In a positive development, several states are upping their game to attract manufacturing investments. The report calls for continuing action by the State and the Central government on reforms, simplification and infrastructure build-out. In addition, it also highlights the industry responsibility to invest in creating long term capabilities and shun the urge to adopt “jugaad” methods.

Mr Jamshyd N Godrej, Chairman CII Manufacturing Summit and Past President CII & Chairman & Managing Director, Godrej & Boyce Mfg Co Ltd said, “Strength of services sector combined with the strength of manufacturing is the future. To reach our full potential though, we need close co-operation among a vast number of agencies especially between people involved in complex system of manufacturing. We have to understand all connections and complexities of its working.”

Mr Godrej further said, “We have some of the finest manufacturing companies based in India doing exemplary quality production. We have strength but the question is how do we build on those strengths and improve upon areas that need improvement. We have to realise that the industry cannot ask for protection. Because the more protective we become the world will react in the same way. Our strength comes from competitiveness and not from protection. India benefits from essentially being more competitive.”

Speaking at the backdrop of the event, Dr Arindam Bhattacharya, Senior Partner & Managing Director at BCG, said “Make in India initiative couldn’t have been launched at a better time. Global manufacturing is in turmoil with the low cost model of last 2 decades coming under pressure. China's competitiveness is eroding. Brazil, seen as one of the most competitive 10 years ago is becoming a high cost country. In contrast, world's largest economy, the US's whose competitiveness had eroded has become one of the most competitive and is bringing back manufacturing capacity from offshore low cost countries. In contrast India's relative competitiveness has remained constant. This turmoil provides a unique opportunity to become a top 3 manufacturing player in the world, becoming a top 5 country manufacturing exporting nation from current 15th position. Make in India has changed the mindsets – both inside and outside the country. Accelerated implementation of reforms being implemented in the fundamental build blocks of Ease of doing business, power/coal, infrastructure build-out, labour laws, taxation could ensure that this is not another missed window of opportunity for India.”

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
CII - BCG 14th Manufacturing Summit 2015 Survey - Future of Indian Manufacturing : Bridging the Gap
CII-BCG on future of Indian manufacturing and roadmap to bridge the gap
Future of Indian Manufacturing: Bridging the Gap
Smart Policy Push A Must to Unleash India’s Manufacturing Potential: Ajay Shankar, GoI
Introductory remarks by Sudhir Mehta, Chairman & Managing Director, Pinnacle Industries Limited at the inaugural session of the “14th Manufacturing Summit 2015”
Summit objectives by Mr. Jamshyd N Godrej, Managing Director, Godrej & Boyce Mfg Co Ltd. at the inaugural session of the “14th Manufacturing Summit 2015”
Release of the CII-BCG Report by Chief Guest at the inaugural session of the “14th Manufacturing Summit 2015”
Future of Indian Manufacturing: Bridging the Gap
Special address by Dr Naushad Forbes, Director, Forbes Marshall Ltd. at the inaugural session of the “14th Manufacturing Summit 2015”
Chief Guest Mr. Ajay Shankar, Chairman, Expert Committee on Regulatory Affairs, Department of Industrial Policy & Promotion, Government of India addressing the inaugural session of the “14th Manufacturing Summit 2015
Closing remakrs by Mr. Jamshyd N Godrej, Managing Director, Godrej & Boyce Mfg Co Ltd at the inaugural session of the “14th Manufacturing Summit 2015”
Panel discussion on ‘Make for India: Opportunities and Challenges for Local Market’
Address by Mr. Arun Bruce, Partner and Director, BCG India and Jeff Walters, Partner & MD, BCG Hong Kong at the session on ‘China Correction and Implications for India’
Perspectives on a Changing China
Panel discussion on ‘Envisioning the Factory of Tomorrow’
Envisioning the Factory of Tomorrow Thoughts on Industry 4.0
Panel discussion on “I-Innovation in Indian Manufacturing”
Panel discussion on “Changing Culture and Mindsets in Manufacturing Shop floor” at the 14th Manufacturing Summit 2015
Vote of thanks by Mr Jamshyd N Godrej, Chairman & Managing Director, Godrej & Boyce Mfg Co Ltd. at the session on “Changing Culture and Mindsets in Manufacturing Shop floor” at the 14th Manufacturing Summit 2015
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
2000
NonMember
3000