CII in association with its knowledge partner, Avalon Consulting released a publication against the backdrop of the conference on “ALS 2014 - New Horizons in Automation, Logistics & Supply Chain” organised by CII on 13 November, 2014 at Gurgaon.
Industry has been a key contributor to India’s ‘Golden Period’ of 8% GDP growth in the last decade – for GDP growth to get back to 8%, it is essential that industry grows to about 9%. To realize the “Make in India” dream of growing manufacturing to approximately 25% of GDP by 2022, manufacturing needs to grow at 13-15% CAGR. In the past 2 decades, manufacturing at best has grown to approximately 10% year on year. 13-15% manufacturing growth can only happen through a quantum leap in exports - for which there is a need for quantum improvements in manufacturing.
Automation, supply chain integration and logistics management – 3 important pillars for world class manufacturing are examined to move Indian manufacturing to the next level.