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Industry Director calls for setting up incubators in Jharkhand

Jamshedpur, Jharkhand No Comments on Industry Director calls for setting up incubators in Jharkhand 443

Local industry must create its own technology: K Ravi Kumar

Jamshedpur, Sept. 19: “CII need to focus on setting up incubators in Jharkhand to strengthen the manufacturing sector in the state”, said K Ravi Kumar, Director, Department of Industries, Government of Jharkhand, at the inaugural session of the CII Jharkhand Manufacturing Conclave 2018 at Beldih Club on Wednesday.

During his address, Kumar stated that Jharkhand is primarily a manufacturing state and Jamshedpur is the hub and to retain the strength of manufacturing in the state, increased focus need to be on auto components, mining and steel industry. He stated that to boost the manufacturing sector, the state government is working on facilitating proper marketing of manufacturing products. He said that innovation and creativity is the key for success of any manufacturing industry and opined that to reduce cost, the local industry need to create their own technology. The industry also need to diversify and explore other areas.

Kumar affirmed that the Government of Jharkhand commit all support for the growth and development of industry in the state.

Sumeet Rai, Director, Kross Ltd said that employing a highly productivity process is the key for the growth of the manufacturing industry. He stated that right results are achieved not only because of productivity but also because of value added activities. He further added that emphasis need to be laid upon lean manufacturing, reduction of wastes and greater productivity.

Pankaj Kumar, Deputy General Manager(RM), MECON Ltd in his address stated that India’s GDP grew at 7.7% in the first 3 months of 2018 reflecting a strengthening in recovery. Manufacturing sector grew at 9.1 percent in Q4 2018 as against 8.5 Percent in Q3 FY18. Trends in Industrial output as measured by IIP (index of industrial Production) also point towards improvement in manufacturing activity.

Going forward, the next phase of India’s manufacturing growth will require it to be future ready since there is an increase in the usage of technologies in diverse fields. The global manufacturing landscape is being transformed by digital technologies such as the “Internet of Things” collectively called “Industry 4.0”. He stated that these digital technologies are key for unlocking manufacturing competitiveness in India and globally.

Addressing the gathering, Killol Kamani, Chairman, CII Jharkhand State Council & Managing Director, Samarth Engineering Co Pvt Ltd said that Indian manufacturing has had an impressive year so far. Additionally, there were major structural changes, with multiple long-term implications. The implementation of GST was one such change. Similarly, the continued government thrust on infrastructure creation and ease of doing business is expected to provide a strong growth impetus.

Kamani stated that India being at the forefront of the next technology revolution through a thriving start up ecosystem is likely to further spur growth and innovation. Manufacturing will be transformed from single automated cells to fully integrated, automated facilities that communicate with one another and boost flexibility, speed, productivity and quality. However, he felt that industries face high risk from the rapid adoption of new and innovative technologies.

Multiple global locations are emerging as contenders for bagging specific manufacturing sectors. Therefore, India needs to act quickly to make the most of the opportunity, capability and its capacity.

A K Srivastava, Mentor, CII Jharkhand MSME Panel & Partner, A K Industries was of the view that the momentum created by the Government through pragmatic policy interventions coupled with increased collaborative efforts by Central and State Governments, Industry, academia, and research and financing institutions will help in leveraging the advantage of the manufacturing revolution.

This edition of Manufacturing Conclave deliberated on the best practices in manufacturing and also discussed on the latest trends and technologies that are available in the industry to enable manufacturing excellence. There were dedicated address on Digital Manufacturing, Sustainable Manufacturing – Focus TQM, World Class Manufacturing – Perspective of MSME Industry, Role of Skill Development in Manufacturing, TPM – The Growth Factor, Role of Safety in Manufacturing, IT in Manufacturing and Innovation & Precision Manufacturing.

The aim of the CII Jharkhand Manufacturing Conclave was to serve as a meeting ground of minds to highlight emerging opportunities, exchange ideas and evolve a roadmap for the Manufacturing Sector to play a meaningful role in the nation’s growth process. More than 100 industry delegates from the manufacturing sector participated in the conclave.

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