PROBIZ International - Vol-1 Probiz File final | Page 9
Innovation in
Manufacturing
R&D is must to
achieve ‘New
India’
T
he manufacturing
sector needs
to increase its
investment in Research
and Development (R&D),
if it wants to achieve
Hon’ble Prime Minister’s
vision of ‘New India’”,
said Dr. H Purushotham,
CMD, National
Research Development
Corporation (NRDC),
Ministry of Science
and Technology,
Government of India.
He was addressing
the Manufacturing
Innovation Conclave
2018 (MIC2018),
organised by the
Confederation of Indian
Industry (CII) at New
Delhi.
Dr. Purushotham
emphasised that while in
developed countries, the
contribution of private
sector to R&D is around
70 percent and the rest
30 percent comes from
the government, in India,
it is the government
that contributes more
than 70 percent on
R&D. While detailing
NRDC’s forte and
core expertise, Dr.
Purushotham highlighted
that the government is
focused on encouraging
innovation, provided
that the ideas are fresh
and have competitive
advantages.
In his keynote
address, Dr. Raghupati
Singhania, CMD, JK Tyre
& Industries Ltd. said,
“With technological
advancement,
adequate education
and training are vital
for continuation of
innovation and growth.
Through manufacturing
innovation, we can
accelerate our
efforts in advancing
expertise among the
incumbent workforce,
creating countless
growth opportunities
in the industry.” He
further said, “Though
the fundamental of
manufacturing will
remain constant, the
time has arrived where
we need to innovate the
way we execute those
fundamentals. We must
incorporate the 4 M’s
of manufacturing i.e.
Material, Manpower,
Machine and Method
with innovative
technologies.”
Mr. Sameer Gupta,
Deputy Chairman, CII
(Northern Region) &
Chairman & MD, Jakson
Group, emphasized in his
address that innovation
is the key driving force
in realisation of the
Make in India mission.
He quoted the Hon’ble
Prime Minister where
he had said that “If
innovation does not
happen, stagnation
happens.” He further
emphasised on CII’s role
in promoting innovation
and said, “CII through its
9 centres of excellence,
is continuously
promoting start-ups
and technology-driven
enterprises with
innovative ideas.”
Dr. Rishi Bhatnagar,
Conclave Co-Chairman
& President, Aeris
Communications India,
in his opening remarks,
said, “Developing a
strong innovation
culture is vital for both
our nation and industry
today. The Product and
Process Innovation
have been transforming
manufacturing for
decades. However,
in future, the
Manufacturing sector
will experience more
technology driven
advances with
breakthrough work
in spheres such as
nanotechnology,
‘connected’ assets with
IoT, AI, machine learning,
advanced analytics and
additive manufacturing.
Indian companies with an
innovative edge will have
a strong competitive
advantage.”
Mr. Rajeev Singh,
Partner, Deloitte India,
in his theme address,
said that India has great
potential to become one
of the global leaders
in manufacturing
sector, however, it
will have to first build
innovation in the its
DNA and for coming out
with innovative ideas,
investment in R&D is a
must.
A CII-Deloitte
report titled ‘Building
Manufacturing,
Building India’ was
also released during
the Manufacturing
Innovation Conclave
2018.
The conclave
was attended by
delegates from the
manufacturing sector
including industrialists,
technology companies,
consultants, academia
and other stakeholders.
August 2018
9