Home / Knowledge / News / Textiles / 'Make in India' should be 'Made by India'
'Make in India' should be 'Made by India'
05
Dec '15
Prof. Lord Kumar Bhattacharya, Chairman, Warwick Manufacturing Group, has said that 'Make in India' should ideally be 'Made by India', to foster the indigenous manufacturing and thereby facilitate economic growth. He stressed that India's future should be to lead global innovation and it should invest in global partnership of innovation for creation of outstanding products.

He was speaking at the CII Session on 'Make in India: The Next Wave'.

Prof. Bhattacharya praised the Government's 'Make in India' initiative and said that it has a huge momentum not only in India but abroad as well, according to a CII press release.

Reflecting on his journey as a part of the Warwick Manufacturing Group, Prof Lord Bhattacharya stressed that technology, training, skills and infrastructure had helped renew and restore Britain's manufacturing industry and Indian should learn from Britain's experience.

He compared the current positive developments in manufacturing sector in India with that in China in 1980s and felt that India's growth was looking self-sustaining at this stage. He, however, cautioned that India should not become complacent and underestimate China. Over the recent years China has adopted the culture of innovation and has moved away from the culture on imitation and India should learn from China too, he added.

Amitabh Kant, Secretary, DIPP, Ministry of Commerce & Industry, reflected on the achievements of Professor Lord Kumar Bhattacharya in transforming several Chinese and Indian companies. Mr Kant sought to partner with Prof. Lord Kumar Bhattacharya to take forward India's manufacturing several notches up.

Kant observed that India is at the cusp of a major change, and it should fully utilize its growth potential, by focussing on a paradigm shift in manufacturing sector.

Praising India's manufacturing prowess, Sudarshan Venu, Joint Managing Director of TVS Motor Company, commented that passenger vehicle manufacturers across the globe are now leveraging the Indian advantage provided by India's manufacturing hubs. He stated that India's manufacturing sector has a potential to contribute 25 per cent to GDP and generate 80 million jobs in the next decade.

Banmali Agrawala, President & CEO- GE South Asia, General Electric Company, highlighted that in order to promote the Indian manufacturing sector there must be focus on improving the market size, financing the manufacturing units and making technology relevant to Indian standards.

Dr Mukund G Rajan, Member- Group Executive Council, Brand Custodian and Chief Ethics Officer, Tata Sons Ltd. commented that India should embrace the domestic as well as the global market. He noted that a way forward for India needs to focus upon preparation for climate change as it would drive us towards renewables, embrace digitization and innovation and creation of intellectual property rights. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search