In the midst of global volatility, uncertainty, complexity, ambiguity (VUCA), Indian Manufacturing is facing challenging times with high inflation, rising interest rates, slowing growth, foreign exchange volatility and political uncertainty. While in the short term manufacturing sector will certainly not move into an overdrive, there is faith and optimism in the long term India story. Business leaders across segments are unanimous in their view that growing the manufacturing sector is key to India's long term growth and prosperity.
This document served as a backgrounder to the CII Manufacturing Excellence Conclave which was organized by CII on 26 September, 2013 at New Delhi. It gives a perspective and framework on achieving manufacturing excellence by covering all aspects of manufacturing value creation from manufacturing strategy to implementation.