How to Revive Indian Manufacturing sector?

The 'Indian Manufacturing' sector has the potential to elevate much of the Indian population above poverty by shifting the majority of the workforce out of low-wage agriculture. Also, the government intervention nowadays has played a major role in determining the competition scenario. So, in my view, Instead of enabling the required government policies and active role by the competition agency. A Regulatory Authority should be introduced which will keep a check on the activities of Indian manufacturing sector with other competitors in the market and can generate new ideas.....

Every industry be it any type for its survival & progress innovation is the key.The biggest problem is that firms always  look out for tried & tested ways rather than trying something different.There are R & D deptts but other than that things can be done  on more smaller level /ground level. Innovation can revive the industry by making use of available  resources  a bit differently than they are used usually.The combination of human & technology should be used such that the best output can be obtained.

One more important thing that is neglected by industries is innovation by students can be promoted in better way.There is lots of untapped potential in our country in the form of students.If companies can join hands with colleges & promote new ideas by students if can go long way it will make innovators not only at student level but also when these students complete thier education join industries or might become enterprenuers they will be able to use their  creativity Ideas for better development of india

The globalization of the Indian manufacturing sector has brought down the percentage of Indians living below poverty line from 40% to 25%. The Indian manufacturing sector is successfully competing in the global marketplace and registering high growth on year-on-year basis since the 1990s. So, I think, by promoting and giving more stress in globalization, we can revive our manufacturing sector again...

Way back in the fifties to late sixties the manufacturing sector was limited to Calcutta,Bangalore,Pune, Thane and to some extent to Ludhiana/Jullender.The cream of the Engineering Industries used to join the industries there.In came the Administrative Service and the Business service. The whole cream started flocking towards these sectors and the poverty at the top rungs of the manufacturing sector had set in.This was further fueled by the severe brain drain from our country who left for better butter.This is the reason for the decline of the sector.I remember the then boss of Tata Steel-- We take MBAs but at the first instance we deMBA them and then we put them on the floor.

To add further ,due to the the growth of IT industry men from all corners were sucked in put through some quick training and thus they remained engrossed in the USA shift,India shift etc.

We forgot the manufacturing sector. China came in a big way and all eyes went to the east in search of cheap products.

Fortunately, some sense of goodness has just come in and the manufacturing sector is showing signs of prosperity. Thanks to some pioneering persons who not give in and will integrate the best of all the worlds and propel the industry forward.

The first point is recognition, second pay the personnel at par with the IT and the MBas, third inject appropriate machinery from the west and train up a whole lot of people to manufacturing orientation. Let everyone start think that this is the backbone of the country and all progress is possible through this only.the future lies in the growth of the manufacturing industries.How long will the shampoos,toothpastes,and sanitary napkins continue to dominate the market?

Let me start from pessimism and then move on towards the bright light. Unfortunately, it is not so easy to revive India's Manufacturing Sector at this very juncture. Reason being the current recession. There is a huge dearth of liquid money in the sector and almost 90% of the work done in this sector is on a debt basis. For example, there are many who have already manufactured products but the clients are not in a position to lift them coz they r short of cash (yes! even the Big ones!) and dont know what to do coz everything is "on hold" status. When we analyse further, we get to know that the one who are getting pinched the most is the SMEs. coz they dont have enuf cash to survive, they have Cash Credits and its interests piling up, clients not paying them and suppliers hanging on to their neck....

Now, one of the ways to revive this sector is to start from bottom, try to fish out all the "on hold" products lying with the SMEs and others.

Second way is NOT to fire employees, but to talk it out and lessen the pay package of everyone -from CEOs to Managers (not the labours coz they get really lowly paid)

And second, to start it again from scratch - the Japanese way. Japanese are way ahead of us in the matters of Manufacturing Processes and Managing them - the JITs, The Kaizens etc.

I can go on and on but these are some hard hitting points that i cud come up with, if u r seriously looking for some improvement.

Optimum utilization is the key.We in the manufacturing sector always concentrate to get optimum utilization of Man,Machine and Material and as i understand we can only revive it through broaden our views about it.

1) Manpower- If you are not taking 100% out of their caliber on reguler basis you should out of the industry.Our management system should be like that which make manpower more responsible,more professional,eager to take responsibilities and further improves themselves such a way that bears more responsibilities.

2)Material- Material procurement for SME's or small houses is always a big task.To get best prices of raw material out of the market ,they can form a group of industries who are procuring same raw material for a fixed time period.some complications are there but it can sort out.

3)Machine- A very-very professional and full of vision discision is required during the time of machineries finalization or in reguler run.

4)Energy conservation- It's my personel observation that we can save more then 20% energy with proper management of it.

The more you can save, more you can  stand and more you can run.

Every state in India has an Industrial Development Corporations. These are govt bodies that govern the birth of new indiustries Small Scale and large scale. These bodies should be given the budgets and the powers to give a go ahead for entrepreneurs and also to provide subsidies to encourage new manufacturing units. Subject to the norms of course!! MIDC and MSSIDC are extremely active in Maharashtra. I am aware of GIDC for Gujarat.. I am sure the rest also have these corporations.

Thanks for the referral Isha. After a long break that too.. All well?? Welcome back. :))

most of the manufacturing concerns are asking for bond and they are not providing better payments to the employees, employee satisfaction is the most thing needed in manufacturing then the production will come easily

Support from govt. will give definite boost to Indian Manufacturing sector

Skilled labour wherever required

There should be definite plan of action

Indian Micro, Small & Medium Enterprises (MSME's) is the second largest contributor towards the GDP growth of India after Agriculture. MSME's are the largest employment provider in India. Indian manufacturers especially Micro, Small, Medium Enterprises (MSME's) lack Knowledge and information on the Government schemes and benefits specifically designed for them. Government provides assistance in the form of finance, raw material, technology, exhibitions, buyer-seller meets, tender marketing, consortia marketing, training, etc; to all the MSME's who desire to grow.

Talent is abundant in India, its only a matter of identifying the right opportunities available within the reach and grabbing it for their success which in turn would be nation's success.