Train Youth to Make Them Industry Ready: R V Deshpande to Industry & Academia

Bengaluru, 14th February 2018: Confederation of Indian Industry (CII) organized the 10th Operational Excellence and People Excellence Conference 2018 in the city today. Themed “Make in India by integrating Operational Excellence through People Excellence”, the conference, was inaugurated by Mr. R V Deshpande, Minister for Large & Medium Industries, Government of Karnataka.

In hisinaugural address, Mr. R V Deshpande, said that India is one of thefastest growing major economy in the world, and Karnataka, is one of theStates’ propelling India’s growth story. Karnataka’s GDP is about $159 Billionand it is growing at 7.6% per annum faster than India’s GDP which is at 7.1%.While India’s GDP is at $2.36 Trillion, Karnataka is the third largest state inIndia in terms of GDP. The total exports from Karnataka is $19.63 Billion whichis 13% of India exports. Karnataka’s exports comprise of 40% of the State’sGDP. Out of this Software exports itself is 61% ($12 Billion). Make in India isnot new to Karnataka, the state has always been a leader in manufacturing andthis is because of the rich human resource and talent that the state enjoys.Today the country is going through a phase of jobless growth, the lack ofemployment is a worry for country that is set to have the youngest populationin the world by 2025. The Government of Karnataka is proactively working towardscreating new jobs and the state is committed to create 15 lakh jobs by 2019. Hecalled on Industry to work with the government to ensure that the nextgeneration will be industry ready with the right skill sets, as today we arefaced with a situation where over 65% of engineering graduates areunemployable.

The Existinggovernment programs (including Skill India) may have marginally added few jobsto the overall demand-supply gap in selected organized sectors of employment.However, none of these schemes address problems of joblessness within rural andurban areas.

Thegovernment is undertaking various labor reforms that are just the beginning.However, the entrepreneurial instincts within Young India needs to be nurtured,this requires a substantial investment in human capital through education alongwith other knowledge & skill level initiatives. The share of self employedin manufacturing is meagre 2.76%. To address this issue, the central and thestate governments should focus on a two-pronged approach i.e. Develop Startupecosystem and Train youth to make industry ready.

Mr. V.Narasimhan, Executive Director, Brakes India said that Each Operational Excellence initiativerequires the optimization of a company’s key resources – people, processes, andtechnology – working in harmony to achieve business objectives. In this VUCAworld, things change dynamically, and it is becoming very difficult fororganizations to manage its employees when everything becomes result oriented.It is vital for organizations to create a culture of resilience among itsemployees as a happy employee leads to a happy customer. The Manufacturingsector accounts for 12% of employment generation in the county and it isimportant for Industry and academia to play a major role is developing theworkforce for the future.

Mr.Vikram Kirloskar, Chairman, CII Southern Region said that India is on the pathof becoming the hub for hi-tech manufacturing, where companies have either setup or are in process of setting up manufacturing plants in India, attracted byIndia's market of more than a billion consumers and increasing purchasingpower. India has become one of the most attractive destinations for investmentsin the manufacturing sector. India's manufacturing sector has the potential totouch $1 Trillion by 2025. It is likely that the sector will account for 25-30per cent of the country's GDP and will create up to 90 million domestic jobs by2025.

According tohim, in a world in which not only companies, but countries too, are rated ontheir competitiveness, the only sustainable source of competitive advantagewill be a company’s or country’s ability to learn, change, and improve fasterthan any potential competition. Therefore, a country’s competitive ability liesin the capability of the collaborative process between producers andpolicymakers to produce effective strategies and policies. The 21st centuryglobal corporations hire the best talent from everywhere, sell wherever theycan, buy from wherever it is best for their business, and invite investors fromeverywhere to whom they promise good returns.

Mr. KamalBali, Chairman, CII Karnataka said, that the manufacturing sector is undergoing theindustry’s greatest change in more than 100 years. Domestic jobs haveevaporated from many countries, offshoring may be reverting to near shoring andautomation threatens to replace more workers every day. The way we build anddeliver the goods and products that fuel our economies and our lives will neverbe the same.

Industry4.0, powered by advancements that include smart manufacturing, robotics,artificial intelligence and the Internet of Things (IoT) is set to transformthe global manufacturing industries with different changes and trends that willhave a significant impact on the way the industry will operate in the next fewyears.

The daylong conference deliberated the need toboosting the employment in the Manufacturing sector where both MSME’s andMultinational companies will play a significant role. Session at the conferenceincluded Continuous improvement to build a World class team, Industry 4.0 &its relevance in India’s GDP, People excellence as driver for India’s growthand Industry Institute Engagement as driver for India’s growth

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