The Summit explores India’s share in global manufacturing and the challenges in becoming a preferred manufacturing destination
ET Edge, a subsidiary of The Economic Times, founded to empower multiple sectors, industries and segments through the dispersion of critical business knowledge through strategically developed conferences and summits today held its flagship Annual Manufacturing Summit 2014 in Mumbai garnering participation from over 25 eminent companies and industry leaders.
Based on the central theme of ‘Gearing up for the next level’, the summit facilitated exchange of ideas to assess roadmap of the Indian manufacturing industry, outlined emerging trends and challenges as well as figure dways to mitigate risks & future-proof the business profitability against the background of the bearish economy.
The summit was opened for the day by Mr Deepak Lamba, President, Times Conferences Limited followed by a Chief Guest address by Narayan Rane, Minister of Industry, Port & Employment, Govt of Maharashtra who spoke in-depth about creating an export oriented economy to revamp India’s progress. A special address was also delivered by Saurabh Chandra, Principal Secretary, DIPP who spoke about growth of the Manufacturing industry and India’s global standing.
Speaking on the occasion Deepak Lamba, President, Times Conferences Limited – BCCL said, “Manufacturing is the backbone of an economy. Today the Indian manufacturing sector is poised for growth currently contributing 16% to the country’s GDP with a potential to grow six-fold by 2025, to $1 trillion, while creating up to 90 million domestic jobs. Understanding the industry’s vast potential, ET Edge’s Manufacturing Summit aims to provide a business knowledge forum bringing together visionaries and key leaders to discuss and assess the current scenario and India’s journey to become next workshop of the world”.
The Annual Manufacturing Summit 2014 brought together industry barons and stalwarts from diverse sectors including automobile, pharma, FMCG as well as senior decision-makers from ministries and industry bodies. Acting as a knowledge vehicle, the day saw a series of dialogues aroundissues plaguing the industry at large, including ‘Where India stands: India’s share in world manufacturing’, ‘Challenges in establishing India as the preferred manufacturing, Destination’, ‘Redefining Best Practices for Next Gen Manufacturing Excellence’, ‘Skill Development: Manufacturing driving India’s employment scenario’, Technical Innovations: Improving capital productivity through next generation Technologies and much more.
Other opinion leaders present were Madhav Lal, Secretary, Ministry of MSME Government of India;
Dr Habil Khorakiwala, Chairman & Group CEO, Wockhardt; Dilip Gaur, Group Executive President & Head Copper Business, Aditya Birla Group; Debashis Poddar, CEO Textiles, Bombay Dyeing Textiles; Shantanu Khosla, MD, Procter & Gamble; Satish Pai, CEO Aluminium Business, Hindalco Industries; Anant Kelkar, Head Integrated Supply & Director Manufacturing, Honeywell Automation; Anant Pande, Director Manufacturing, Jubilant Life Sciences; Tom Thomas, ED Technology & Projects, Ceat Tyres; Venkatesh Valluri, Chairman, Ingersoll Rand India and many others.
About ET Edge
Times Conferences Ltd. functional under the brand name ET Edge is an Economic Times subsidiary, founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge would strive to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology, conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies. The forums would ensure senior decision makers are equipped with information to respond to challenges they face not just in India but also globally.
For more information, please visit www.et-manufacturing.com/