The 10th Manufacturing Conclave was organised by Confederation of Indian Industry (CII) Eastern Region in the city with the theme of integrating Global Value Chain through Competitiveness – Sustainability – Technology.
Speaking at the inaugural session, Jitendra Kumar Singh, IAS Secretary, Department of Industries, Government of Jharkhand briefed about the integral role played by the manufacturing sector in the economy of India.
The industry sector holds a prominent position in the country, contributing 30 percent in the overall GVA of the country reflecting a resilient growth in the present years. He said that the share of the industry sector has been 48 percent of the GSDP of Jharkhand in 2021-22. The mining industry is among the leading industries in the state. Besides this, he said, Jharkhand is coming out with its new pharmaceutical policy, ethanol production policy and the solar policy. 40 percent of natural mineral stocks of the country belong to the state. Jharkhand can contribute majorly in the GVC exports of India with an upgradation in the infrastructure of the state mentioned here about the Amritsar- Kolkata industrial corridor.
Amit Ganeriwalla, Senior Partner of McKinsey & Co. put light on the diverse and robust capital market and the huge skilled workforce of India. He emphasized re-imagining the manufacturing sector of the country in the new age of digitalization.
Joining virtually in the Conclave inaugural, Dr. Rene Van Berkel, Country Representative, UNIDO spoke at length about the role of inclusiveness and the sustainable development of society. He said that despite India being ranked as the sixth largest manufacturing economy of the world, her total labor force participation is lowest among Asian manufacturing economies, due to lowest female labor force participation.
Suvendra Behera, Deputy Chairman, CII Eastern region & Vice Chairman & Managing Director RSB Transmission (I) Ltd in his address on the manufacturing ecosystem in the East spoke about the correlation between manufacturing and economic health of the country. Talking about the prospects of manufacturing in eastern part of India, he highlighted relaxation of various norms by Odisha government in providing land to the industry and the multiple subsidies granted by them in power and fertilizer.
Ravindra Kulkarni, Convener – CII Jharkhand Manufacturing Panel & Plant Head – Jamshedpur, Tata Motors Ltd, briefed about the promising growth of the economy of India amidst the changing geo-political and the post pandemic effect. He deliberated on the integral role of the manufacturing sector which contributes 17 percent of the GDP in fostering the export growth of the country.
Ramphal Nehra, Co- Chairman, CII Eastern Region Manufacturing Sub Committee & Director & Plant Manager Tata Cummins Pvt Ltd spoke about the different initiatives undertaken by the government of India namely PLI scheme and national manufacturing policy to propel the Industry 5.0.
Speaking about the role of MSMEs in Manufacturing, Tapas Sahu, Member, CII National Council & Co-Chairman, CII ER MSME Subcommittee & Managing Director & CEO Highco Engineers Pvt LTD emphasized on the vital role of MSME in generating employment and uplifting the socio-economic aspect of the society. He mentioned about PMEGP the various policies implemented by the government for easing the business ecosystem of India.