'EASE OF DOING BUSINESS TO EASE OF MANUFACTURING LIVING: HOW THE SECTOR EVOLVED FOR THE WORKFORCE'

The panel deliberated on how Ease of Doing Business is impacting the manufacturing industry. They also discussed how the industry has transitioned from focusing solely on ease of doing business to prioritising ease of living for employees

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A conducive business environment is a prerequisite for fostering the economic progress of a country. And for a market and country like India, which is now emerging as a manufacturing hub in the world order with its Make in India initiative, a favourable and investor-friendly business environment, and policies, can significantly elevate its growing stature.

While Ease of Doing Business has brought about efficiency and transparency in conducting businesses across the country, it is interesting to study its impact on the Indian manufacturing sector. To review its growing impact - the 9th edition of The Machinist Super Shop Floor Awards 2023 hosted an engaging panel discussion on ‘Ease of Doing Business to Ease of Living: How the Manufacturing sector evolved for the Workforce.’

The panel comprising Gursaurabh Singh, Founder, Dhruv Vidyut; Harish Chavan, CEO - Swaraj Division, Mahindra & Mahindra Ltd; Dr Jairam Varadaraj, Managing Director, Elgi Equipments Ltd; Mahesh Babu, Group CEO, Switch Mobility and TK Ramesh, MD, Ace Designers Limited discussed in length about how Ease of Doing Business is transforming the manufacturing sector and also helping in creating an environment that prioritises the well-being and quality of life for the workforce.

The discussion started with the moderator, Abhijeet Sinha, Programme Director, Ease of Doing Business, asking the panel about the structural reforms that happened over the last nine years and how they have, in any way, translated to the shop floors.