India has the capability to achieve 12-14 per cent
average manufacturing growth over the next 10 years backed by the talent
it has to drive innovation and critical decision it can take at the
micro and enterprise level, said Ajay Shankar, Member Secretary,
National Manufacturing Competitiveness Council, here on Thursday.
Mr.
Shankar was speaking at the Visionary Leadership for Manufacturing
Programme (VLMF), an initiative organised by the Confederation of Indian
Industry (CII) to transform the manufacturing industry.
“In
the past few years, public discourse in the country has shifted towards
manufacturing and with the talent generated from VLFM that is expected
to be further scaled up, Indian manufacturing will hopefully be the
supply base,” Mr. Shankar said.
Speaking about the
special initiative called Village Buddha model, Mr. Shankar said:
“Unless we transform the way where economic activities are undertaken,
we cannot transform the quality of life.”
The
investment sentiment has revived in the past few months and the private
sector, including global players, is expected to help invest in the
manufacturing sector. The country witnessed 15 per cent growth in the
manufacturing sector in 2006-07. “Therefore, achieving 14 per cent
growth is not impossible,” he added.
Based on The Hindu
GA Team
Mahendra Educational Pvt Ltd
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