VISION 2030: SAMARTH AND SASHAKTA UDYOG BHARAT

The panel deliberated on how a thriving manufacturing sector could potentially be the most critical building block for India’s economic growth in the coming year. It also focussed on how global companies are re-configuring their value chains and sourcing manufacturing footprints.

- Nisha Shukla

After the felicitation of the Champions of manufacturing and the keynote address by Dr Bhagwat Karad, the Festival of Manufacturing kickstarted with its first-panel discussion on Vision 2030: SAMARTH and SASHAKTA Udyog Bharat, held at Bhim Hall. The panel comprised Managing Director of Grasim Industries - H K Agarwal; Vipin Rana, CEO, Exxon Mobil Lubricants Pvt Ltd; TK Ramesh, MD, Micromatic Machine Tools; N Venu, Managing Director & CEO, Hitachi Energy in India, and South Asia; Kamal Bali, President and MD, Volvo Group, India; and Uday Narang, Founder and Chairman, Omega Seiki Mobility and Anglian Omega Group. The power-packed panel discussion moderated by Vaibhav Dange, Former Advisor, NHAI, deliberated on how a thriving manufacturing sector could potentially be the most critical building block for India’s economic growth in the coming year. It also focussed on how global companies are re-configuring their value chains and sourcing manufacturing footprints.

The discussion started with Vaibhav Dange, Former Advisor, NHAI, talking about the Hon’ble Prime Minister’s continuous emphasis on his pet project - ‘Make in India’ and how this campaign would be crucial for the country’s economic growth. He also mentioned the tangible target that the Hon’ble PM has given to the manufacturing industry of increasing their contribution to the GDP from 16 per cent to 25 per cent. However, he categorically stated that achieving such a focused target would need attracting investments, which will also be crucial in accomplishing the five trillion-dollar economy target.