The India Council on Competitiveness in collaboration with US Council on Competitiveness, Vivekananda International Foundation, Roland Berger Strategy Consultants, MINT & Institute for Competitiveness organised the “India’s National Competitiveness Forum” on September 25, 2015 at The Leela, Gurgaon. The forum had panel discussions and keynotes revolving around the theme of manufacturing competitiveness and how the idea of “Make in India” and the “Future of Manufacturing” can work for India.
Wilfried Aulbur (Chairman, India Council on Competitiveness & Managing Partner & CEO, Roland Berger) and Michael Enright (Director at Enright, Scott & Associates) set the agenda for the day by delivering keynotes on how India is carving its space in the global economy and recommended that it is important for every country to understand what is important for its development rather than just working towards filling the gaps present on the indices.
Rajiv Bajaj, Managing Director, Bajaj Auto started by articulating the meaning of ‘”Less is more” that instead of trying to do more, companies should narrow and sharpen their focus on just one activity. With infectious forthrightness he revealed his practitioner’s formulation of strategy as applied by Bajaj Auto over last 12 years and said, “When we wanted to go from being a local to global player to demonstrate our excellence, we did not predict our success because predications are always full of error.”
The forum then kick-started with its first session “India’s present Manufacturing Capability, Future Potential and the way forward” and discussed the importance of Make in India and how focus should be laid on manufacturing for the global economy and not just for local demand. It was then followed by a panel discussion on “Succeeding in a tough environment & what are the best locations for Make in India – The ideas of States and Cities”, which focused on the challenges being faced by Indian States and Cities to emerge as promising manufacturing locations.
This was followed by a session on “Enhancing Manufacturing Capability in the Defence Sector” which emphasized that attention should be paid on opening the Defense vehicle manufacturing sector for the Indian companies since India already has proved its mettle in manufacturing vehicles at a low cost. Finally discussions were also made on “Future of Manufacturing in Global Economy”, wherein suggestions were made to make the ‘Make in India’ initiative successful.
Terence Tse, Associate Professor of Finance at the ESCP Europe Business School also addressed the attendees on the topic “India and the EU: How Make in India can help International Expansion and build new value chains” and pointed out that Europe provides a fantastic opportunity for Indian companies, and there is a need to push this agenda to make the deal beneficial for both.
Top executives and government dignitaries such as Dr. V K Saraswat (Member, Niti Aayog), General N C Vij (Former Chief of the Army Staff & Director, Vivekananda International Foundation), Vernon Noronha (Head Defence and Institutional Business, Tata Motors), Roy Kamphausen (Director, The National Bureau of Asian Research), Himanshu Jain (MD & VP – Indian Subcontinent and South East Asia, Sealed Air), Nagendra Palle (CEO, Mahindra First Choice Wheels), Seshagiri Rao MVS (CEO, JSW Steel), Arvind Singhal (Chairman and Managing Director, Technopak),and Chetan Tolia (Chief HR Officer, Tata Power) et al were some of the other panelists.
We thank all the council members who actively participated in the deliberations during the day. We plan to organise events and round tables on regular basis, on current themes so as to come out with an action agenda which would drive the nation towards prosperity.
We welcome you to become a member of the India Council and actively participate in the ongoing debates and discussions. To explore the memberships details, either write to me or visit the following link: http://compete.org.in/membership/
President and CEO
India Council on Competitiveness