Friday, December 8, 2023

Innovation and creativity key to success of manufacturing industry: Tata Steel VP Sudhansu Pathak

CII Jharkhand organised 3rd�Edition of Manufacturing Conclave, focusing on Smart Manufacturing

Jamshedpur, Sept. 9: Encouraged by the success of earlier two editions, CII Jharkhand on Wednesday organised third edition of Manufacturing Conclave with the theme of Transformation through Smart Manufacturing.

Addressing the conclave, Sudhansu Pathak, Vice President � Steel Manufacturing, Tata Steel Ltd said that innovation and creativity is the key for success of any manufacturing industry and opined that to reduce cost, smart manufacturing is the key. The industry also needs to diversify and explore other areas. He said that employing a highly productivity process is the key for the growth of the manufacturing industry. He stated that right results are achieved not only because of productivity but also because of value added activities.

Sudhansu Pathak

Sanjay Sabherwal, Chairman, CII Jharkhand State Council & Managing Director, Metaldyne Industries Ltd stated that we are coming up to the decade that is likely to be characterised by disruptions in technology, innovation, business models, intense global competition and inter-connectedness. It is time India should aspire for its unique positioning in the global space, as the leading destination for cost-effective high value-added technology and innovation-led manufacturing. Driven by global competition, India must now create and exploit the comparative advantages by making its industries globally competitive, productive and participate in diverse economies.

Vishal Badshah, Convenor, CII Jharkhand Manufacturing & Engineering Panel & Plant Head � Jamshedpur, Tata Motors Ltd opined that the impact of the coronavirus pandemic is clearly visible in all types of industries. But when situation normalises, they will face many challenges, and this is especially true for manufacturing sector. While risks have grown multi-fold, there exists window of opportunities for the Indian manufacturing industry to capitalise on and to realise the potential the companies need to focus on smart manufacturing.

Tapas Sahu, Chairman, CII Jamshedpur Zonal Council & Managing Director, Highco Engineers Pvt Ltd said that of all the sectors of the economy, Industry has borne the biggest brunt of the ongoing pandemic, having to deal with simultaneous demand and supply side blows to its operations. Businesses, large and small, are significantly affected as the sudden onset of the virus and its prolonged uncertainty have brought operations to a standstill and hurt business confidence. Industry requires more support from the government not only in terms of improved business environment where some progress has been made, but also in the form of lower cost of doing business where much needs to be done. Short term direct measures like stimulating demand, providing working capital support to business in the stressed sectors to help them meet their interest obligation and short-term payment of wages to their workers would ensure restart of the business cycle and strengthen prospects for a quicker recovery.

Ram Phal Nehra, Co-Convenor, CII Jharkhand Manufacturing & Engineering Panel & Senior General Manager, Tata Cummins Pvt Ltd affirmed that no government leader can truly be ready for a global health pandemic, combined with spiralling super power tensions and a world economy that has barely recovered from the effects of the global financial crisis. But yet in these times the role of sovereign governments has gotten enhanced because global coordination, cooperation, and support has fallen to the lowest level in living memory. So, it is critical for every nation to have a clear and bold agenda for reform and then act on it. There are two areas requiring continuing focus � those that create jobs and those that enhance future productivity of the economy and here the manufacturing sector has a key role to play.

Other speakers who addressed the gathering included Masafumi Himeno, Managing Director, Panasonic Smart Factory Solutions India (PSFSIN); Kaniappan P, Managing Director, ZF Group, Commercial Vehicle Control Systems, WABCO India Limited; Sumant Rampal, Country Head – Business Banking (BBG) and Health Care Business, HDFC Bank Ltd; Utkarsh Landekar, Head – Laser Business & Exports, Messer Cutting Systems India Pvt Ltd; Sandeep Kumar, Branch Banking Head-East India, HDFC Bank Ltd; Aman Jain, Head- Smart Factory Industry 4.0 business, Panasonic Smart Factory Solutions India (PSFSIN); Mr Krishna Kharia, Co-Convenor, CII Jharkhand MSME & Startup Panel & Director, Multitech Components Pvt Ltd; Rachana Bhusari, Vice President, SME Business Development, National Stock Exchange of India Ltd; Parth Shah, Director, Shreni Shares Pvt Ltd, Merchant Banker and Dipan Mitra, Manager, Business Development � SME, National Stock Exchange of India Ltd.

This edition of Manufacturing Conclave deliberated on the best practices in smart manufacturing and also discuss on the latest trends that are available in the industry to enable manufacturing excellence. The conclave covered important topics of discussion including Business Propositions delivered through Smart Manufacturing, Adding Smartness to Manufacturing�Adoption and Scaling, Alternate Sources of MSME Funding: A Capital Market Perspective.

More than 120 industry delegates from the manufacturing sector participated in the conclave.

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