CELEBRATING SUCCESS
Manufacturing Today|October 2021
INDUSTRY LEADERS CONGREGATE VIRTUALLY TO APPLAUD ACHIEVEMENTS, SHARE EXPERIENCES AT THE 9TH ANNUAL MANUFACTURING TODAY CONFERENCE & AWARDS 2021
MAT KHAN

THE 9TH ANNUAL MANUFACTURING TODAY Conference & Awards 2021, presented by the Aditya Birla Group, powered by Loctite, with exclusive lighting partner Havells, engineering design partner Autodesk, and HVAC partner Blue Star, on 17th September, 2021, lived up to its reputation of being the most excitedly awaited event in the industry.

With luminaries from the industry in virtual attendance through the day, the event hosted three very power packed panel discussions on topics of most relevance to the industry, followed by the felicitation of the jury and finally culminated in the awards ceremony.

Rashmi Naicker, ITP Media Group (India), after a short introduction to the event invited Bibhor Srivastava, Country Head, ITP Media (India) Pvt Ltd., to deliver the welcome address and initiate the event.

“The award ceremony is among the most treasured occasion for our organisation. It provides us with an opportunity to recognise and acknowledge the good work undertaken by the individuals and the companies, to address the whole manufacturing community and to share their achievements, their successes and plans for the future,” said Srivastava in his heart-felt rendition.

Concluding his opening address, Srivastava called upon E R Raj Narayanan, Chief Manufacturing Officer & Business Head - Ultra Tech Cement Ltd to present his welcome note.

WELCOME NOTE

Welcoming the attendees to the event, Narayanan shared his insights into the future of manufacturing in India. Taking an overview of the last decade that had been wonderful for the sector, he noted that the percentage of manufacturing to GDP has increased from 16.8% to 17.4%. He quoted Oxford Economics to establish that by 2025, the percentage would be 17.96%. The global consumption is also expected to reach 62 trillion USD; twice that of 2013. India’s contribution to that global manufacturing is on the rise too, doubling from 1.49% in 2000 to 3.06% in 2018 and is expected to reach 3.36% by 2025.

Reforms towards manufacturing led economy, government initiatives like Make-in-India, the Production Linked Incentive scheme, large cut in corporate taxes from 34% to 25%, measures to take advantage of shifts in operations away from China, liberalisation of FDI regulation in contract manufacturing, relaxation for single brand retailing and a cut in corporate tax rates from 27% to 17% for new manufacturing companies were among the many other topics that he delved on.

“With all the policy changes and the momentum achieved so far, the manufacturing sector in India has the potential to reach 1 trillion USD by 2025.” Broaching upon various engaging subjects including digitalisation, innovation and sustainable operations, he concluded by saying, “I strongly believe that the manufacturing sector in India is well placed to take advantage of the emerging opportunities.”

Recipient of the Aditya Birla Group Chairman’s Outstanding Leader Award, 2018, Narayanan’s sweep of his views shared in a ten-minute discourse in itself made it a must-attend event.

INDUSTRY KEYNOTE ADDRESS

Naicker invited Vipin Sondhi, Managing Director & CEO, Ashok Leyland Limited, to deliver his keynote address. “

The automotive industry has been a shining star in India’s economic growth contributing 20% to industrial GDP, 6.5% to overall GDP, 35% to manufacturing GDP, and generating huge number of direct and indirect employment,” said Sondhi. Drawing attention to the current difficulties he said, “The automotive industry is facing an immediate challenge of rising commodity prices especially steel and a global shortage of semi-conductors which we have to overcome.”

Through his presentation he covered the journey and outlook of the automotive industry. Taking stock of the government’s call for Aatmanirbhar Bharat he noted some of the sectoral reforms. He dwelt on upcoming technology trends in the industry in detail and talked of preparation for transformational change and sustainable development goals.

KEY PRESENTATION

Next to be invited for presentation was Manish Singhal, Business Director India, General Industry, Henkel Adhesives Technologies India.

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