Safexpress Pvt Ltd, Leaders in the Supply Chain and Logistics Industry sponsored the '3rd Annual Manufacturing Excellence Conference 2008'. The conference was held on 21st and 22nd April 2008 at Renaissance Hotel, Mumbai, India.
The Manufacturing Conference identified Supply Chain Practices as one of the most crucial aspects for the growth of the Manufacturing sector.
A need for a more organized and innovative Supply Chain system was felt for attaining faster and higher growth in the Manufacturing sector.
General Manager - Marketing, Safexpress, Mr. Vineet Kanaujia, while addressing the media at the conference, said “It's a known industry fact that manufacturing sector has contributed heavily to India's Economic Growth.
However, the contribution from the manufacturing sector could have improved manifold had it been strengthened by a more organized Supply Chain. Scores of companies are setting up manufacturing units in India.
Specialized Supply Chain players like us can give these manufacturers innovative Logistics services which can further help in the sector's growth”.
The manufacturing sector has been averaging 9 % from 2004-08, with a record 12.3 % in 2006-07. The manufacturing revolution occurring in India has been spurred by the increasing presence of MNC's, technological advancement in national companies and market expansion in general.
India's manufacturing base is the fourth-largest among emerging economies and one of the fastest growing sectors. India is likely to become primary manufacturing base in near future.