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12th Manufacturing Summit 2013
HighLights
 

·         “There is no country in the world that is more competitive than India in Manufacturing” : Baba Kalyani

·         The present depression has bottomed out and with economic revival is on its way back, the manufacturing sector will soon get back to the 14-16% growth rate, which was the norm a decade ago. This was stated by Ajay Shankar, Member Secretary of the National Manufacturing Competitiveness Council while delivering the Inaugural Address at the CII 12th Manufacturing Summit, titled ‘Manufacturing in India: “Winning in the New Normal”’.

Shankar pointed out that business cycles were part of economic life in all open economies and India would have to come to terms with such cycles. “Economics as a field evolved to study business cycles with limited success,” he said. Saying he was not a representative of the government but represented a manufacturing competitiveness council, which was a government-industry partnership, he said a problem in India was that manufacturing in India was not as strong as it should be, and urged the gathered corporate captains to evolve a consensus on pushing the case for manufacturing. “India is a democracy, in which the government listens to the public opinion,” he said.

Shankar impressed upon the audience that the debate between fewer but high-technology goods and mass-produced goods could not go on. “If you see India’s requirement, we need manufacturing on a massive scale and we have no option but to succeed. The government has announced a National Manufacturing with the aim of generating 100 million jobs and we have to create an environment to make that happen,” he said.

He asked industry to come up with creative solutions for the problems bedevilling economic growth. He said instead of complaining about the rigid labour laws which made it impossible to set up factories in India that can employ a million people, industry needed to come up solutions to the labour laws and advocate the same to the government so that such factories can come up.

Shankar pointed out that Indian manufacturing was strong in all sectors and that Indian industry was extremely competitive. The world was no longer with the Anglo-Saxon model of financial services and veering back to the importance of manufacturing, particularly after seeing the success of Germany. “A recent survey of global CEOs found India to be the 4th most popular manufacturing destination after US, Germany and China,” he said, adding that most CEOs now believe the worst is over and the economy is on the road to recovery.

·         Earlier, Bharat Forge Chairman and Managing Director , Baba Kalyani said Indian manufacturing was in the ICU. “Over the last 7 to 8 years, imports of manufactured items have gone up due to the removal of imports duty, coinciding with a drop in our industrial productivity in manufacturing. The fundamental problem is that there is nothing to manufacture because everything we need is imported,” he said. Kalyani bemoaned the fact that manufacturing as a share of GDP had come down from 17% a few years ago to 14.6% at present, while the dream was to make manufacturing account for 25% of GDP by 2025.

On a more positive note, he added, “There is no country in the world that is more competitive than India in manufacturing. We have the skills set and the capability if channeled in the right direction, and urged Indian companies to look at more exports and adding value to their products.

·         Larsen and Toubro Managing Director & CEO,  Mr K Venkataraman spoke about how his company had bucked the economic downturn by increasing its exports and achieving excellence in its various verticals, and urged others to do the same. But he added that given the size of India, the domestic market would always remain the focus of the company. Venkataraman pointed out that India still had sectors that provided enormous opportunities to manufacturers such as nuclear power and defence industry, which were just opening up.

·         Jamshyd N Godrej, Chairman, 12th Manufacturing Summit, CII, and Chairman and Managing Director, Godrej & Boyce Mfg Co Ltd, said the growth slowdown has put the focus on what industry can do and it was the company’s internal strength and its own DNA that would make a difference in the sphere of manufacturing. “There’s no easy way out,” he said.

Godrej also praised the small and medium enterprises (SME), which he said are critical to the manufacturing ecosystem. “SME contribute a lot and we need to look into the infrastructural and structural problems faced by them,” he added.

Pradeep Bhargava, Immediate Past Chairman, CII WR (western region), and Director, Cummins Generator Technologies India Ltd, gave the gathering hope when he averred that MNCs were increasingly looking at India to set up their manufacturing units. He also saved that collectively, industry had failed to influence the government to bring in policies favourable for manufacturing.

Godrej Industries Managing Director Nadir Godrej read out a poem about the current economic and manufacturing woes, much to the delight of the audience.

·         During the inaugural session, a report, “Powering Past Headwinds – Indian Manufacturing: Winning in an Era of Shocks, Swings, and Shortages’, released by CII and BCG India. Speaking about the report, Arindam Bhattacharya, Managing Director, The Boston Consulting Group, said industry would have to learn and prepare to operate in a volatile environment, which could be caused by a depreciating rupee or an earthquake in some part of the world. “It is believed that by 2015, the US will become one of the most manufacturing competitive nations in the world, there are changes taking place in China, Africa is rising… all these present turbulence companies that adapt will thrive,” he said.

 
Description

CII organized The twelfth edition of CII’s flagship event for the Indian Manufacturing Sector, the Manufacturing Summit 2013 on 21 & 22 November 2013, at Mumbai.

The last decade has significantly altered the global landscape for manufacturing. While high-end manufacturing is slowly making its way back to USA, many low cost destinations continue to do well. Fundamentals that drive choice of manufacturing location have moved beyond mere low cost and proximity. Engineering and tooling capability, supply-chain risk, and responsiveness, employment creation in home countries are all factors that have become more important to consider now than before.

Back-home in India, demand has slowed down considerably across several sectors – the auto, home appliances, building material industries for example, are even witnessing contraction in major categories. Infrastructural bottlenecks and factor constraints have become even more acute. In many ways therefore, the very context of running a manufacturing company now is different and a 'new normal' is being created – characterized by slowing demand, continued volatility in input costs, sustained infrastructural bottlenecks and forced local reliance. Yet, even in these situations, many companies have continued to do well.

The Summit aimed to table discussions that revolve around the changing context and the implications of these changes on companies. The Summit also featured best practices from companies that have continued to thrive in this new normal.

The theme was Winning in the New Normal !

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Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
CII-BCG Manufacturing Leadership Survey 2013
India seeing a revival in manufacturing growth, says Ajay Shankar of National Manufacturing Competitiveness Council
Powering Past Headwinds - Indian Manufacturing: Winning in an Era of Shocks, Swings and Shortages - Report Released at the 12th Manufacturing Summit 2013
Dr Arindam Bhattacharya, MD, BCG India on “Indian Manufacturing Defining the New Normal”
Mr Baba Kalyani, Chairman & MD, Bharat Forge Ltd on “Indian Manufacturing Defining the New Normal”
Mr K Venkataramanan, CEO & MD, L&T Ltd on “Indian Manufacturing Defining the New Normal”
Mr Nadir Godrej, MD, Godrej Industries on “Indian Manufacturing Defining the New Normal”
Mr Pradeep Bhargava, Director, Cummins Generator Technologies India Ltd on “Indian Manufacturing Defining the New Normal”
An open house discussion on “Indian Manufacturing Defining the New Normal”
Dr Arindam Bhattacharya, MD, BCG India on “Indian Manufacturing Defining the New Normal”
Mr Pradeep Bhargava, Director, Cummins Generator Technologies India Ltd on “Winning in the New Normal”
Mr Jamshyd N Godrej, Chairman & MD, Godrej & Boyce Mfg Co Ltd on “Winning in the New Normal”
Powering Past Headwinds by Dr Arindam Bhattacharya, MD, BCG India
Release of Report at the 12th Manufacturing Summit 2013
Mr Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council on “Winning in the New Normal”
Mr Pradeep Bhargava, Director, Cummins Generator Technologies India Ltd on “Winning in the New Normal”
Thriving in an Era of Turbulence by Mr Arun Bruce, Partner, Co-lead, Engineered Products & Infrastructure, BCG India
Thriving in an Era of Turbulence by Mr Dilip Gaur, Group Executive President and Head-Copper Business, Aditya Birla Group, Hindalco Industries Ltd
Creative Manufacturing by Mr Jashish Kambli, Executive Partner, Future Factory
Thriving in the Era of Turbulence by Mr Satish Jamdar, MD, Blue Star Ltd
Digital Prototyping for Manufacturing Excellence by Mr Rajiv Bajaj, Country Manager-Manufacturing Solutions, India and SAARC, Autodesk
An open house discussion on “Thriving in the Era of Turbulence”
Mr Arun Bruce, Partner, Co-lead, Engineered Products & Infrastructure, BCG India on “Thriving in the Era of Turbulence”
Mr Jamshyd N Godrej, Chairman & MD, Godrej & Boyce Mfg Co Ltd on “Global Manufacturing shifts and implications for Indian Players”
Winning despite Turbulence by Mr Hal Sirkin, Senior Partner, BCG Chicago
Manufacturing in India Winning in the New Normal by Mr Joginder Singh, President and MD, Ford India
Global Manufacturing shifts and Implications for Indian Players by Mr Thomas Varghese, Business Head, Textiles, Acrylic Fibre and Overseas Spinning businesses, Aditya Birla Group
Manufacturing: Global shifts and Local Implications by Mr Feroz Omar, Director, Brandix Lanka
An open house discussion on “Global Manufacturing shifts and Implications for Indian Players”
Mr Jamshyd N Godrej, Chairman & MD, Godrej & Boyce Mfg Co Ltd on “Global Manufacturing shifts and implications for Indian Players”
Dr Arup Basu, President-New Businesses & Innovation Centre, Tata Chemicals Ltd on “Role of Government in driving Manufacturing Resurgence”
Role of Government in driving Manufacturing Resurgence by Mr Amit Ganeriwalla, Partner, BCG India
Mr R Seshasayee, VC, Ashok Leyland Ltd on "Role of Government in driving Manufacturing Resurgence"
Mr Prashant Jain, Head-Corporate Strategy & Development, JSW Group on “Role of Government in driving Manufacturing Resurgence”
Mr Dharmakirti Joshi, Chief Economist, CRISIL Ltd on “Role of Government in driving Manufacturing Resurgence”
An open house discussion on “Role of Government in driving Manufacturing Resurgence”
Dr Arup Basu, President-New Businesses & Innovation Centre, Tata Chemicals Ltd on “Role of Government in driving Manufacturing Resurgence”
Mr Jamshyd N Godrej, Chairman & MD, Godrej & Boyce Mfg Co Ltd at the valedictory Session of the 12th Manufacturing Summit 2013
Mr Arun Maira, Member, Planning Commission at the valedictory Session of the 12th Manufacturing Summit 2013
Mr Jamshyd N Godrej, Chairman & MD, Godrej & Boyce Mfg Co Ltd at the valedictory Session of the 12th Manufacturing Summit 2013
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
2000
NonMember
3000