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Make in India: India industry leaders urge new technology to transform manufacturing

Industry leaders push to transform manufacturing in India by opting for new technologies. They also says that solely depending upon cheap labor won't make Make in India initiative a success.

  • Published: February 15, 2016 8:53 AM IST
make-in-india

Indian industry leaders on Sunday stressed the need to bring in new technology into the country’s manufacturing, rather than depend solely on cheap labor, to make the Make In India initiative a success. “There will be migration of large-scale low cost factories from China to India. But that shouldn’t be the only manufacturing India does,” Mahindra & Mahindra chairman Anand Mahindra said at the CNN Asia Business Forum held as part of the ongoing Make In India Week. Also Read - Apple reportedly going to make iPhone 12 in India from next year

Also Read - Xiaomi launches Mi For India initiative to distribute 2,500 phones to COVID-19 affected children

“Is there going to be a disruption in the way we ‘Make in India’. Manufacturing should be democratized and decentralized,” he said. “India has a track record of setting up world class cement, textile factories and oil refineries. We have to take India to the next level,” said Kumar Mangalam Birla, chairman of the Aditya Birla Group. Also Read - Daiwa launches 49-inch and 55-inch 4K Smart TVs in India, price starts at Rs 29,999

ALSO READ: Prime Minister Narendra Modi inaugurates Make In India Center in Mumbai

“New skills such as use of algorithm remote sensing must be used in manufacturing to remain constantly contemporary. We as a country are highly innovative. It is part of our DNA,” he added.

Describing India as a “highly innovative place,” American multinational General Electric’s South Asia chief executive, Banmali Agrawala, said, “We’re pressing the pedal on getting digital.”

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  • Published Date: February 15, 2016 8:53 AM IST



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