At the star-studded launch of the ambitious programme, attended by the likes of Reliance Industries Chairman Mukesh Ambani, Tata Group chief Cyrus Mistry and Aditya Birla Group's Kumar Mangalam Birla, industry leaders said job creation and high growth would be possible only if the manufacturing sector gets into a high growth trajectory.
We take a look at what some of the speakers at the function had to say:
Cyrus Mistry, Chairman, Tata Sons
Calling NDA government's 'Make in India' campaign an opportunity for industry and government to work together, Mistry said, "Our aspirations in global manufacturing arena will be fulfilled if we meet certain challenges."
According to Mistry, the biggest challenge for India is to create employment. "The depth and breadth of India's talent pool is unparalleled. Manufacturing employment has a multiplier effect on the services sector." Mistry also said that the programme will help India deal with long-term CAD.
"India is at a historic moment. The government has taken many key decisions in the recent months. We need the will to implement relentlessly," he said. "E-governance will be an important parameter. We need to improve the employability of our people," he stressed. "We need to expedite the rollout of GST, simplify tax structures," he added.
Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India
Stating India has the potential to become the biggest car manufacturer of the world, Maruti Suzuki hoped factors adversely affecting competitiveness of manufacturing will be removed quickly, in line with Prime Minister Narendra Modi's call to make India a manufacturing hub.
"Costs of production in India increase because of various government policies, procedures, regulations and the way some of the laws are implemented," said Kenichi Ayukawa.
Stating that India is not the easiest country to do business in, he said, "We are fully confident that, under the Make in India programme of the Prime Minister, factors that adversely affect the competitiveness of manufacturing will now be removed quickly," he said adding India will then become one of the most competitive manufacturing countries in the world.
"Over 30 years ago, Osamu Suzuki, Chairman, Suzuki Motor Corporation, recognised the potential of India, both as a market and as a country where high quality manufacturing was possible," he said, adding globally, Maruti Suzuki is the most successful venture of Suzuki group.
He said the cars Maruti Suzuki makes in India are lower in costs than similar products made by it in other parts of the world.
"Our experience with Indian managers, engineers and work force, despite an exception in 2012, has been excellent. We have been able to effectively implement work practices based on our Japanese experience, but suitably modified for India, that have resulted in continuous growth of productivity, improvements in quality and lower costs," he said.
Mukesh Ambani, Chairman and Managing Director, RIL
Mukesh Ambani felt that the 'Make in India' campaign has inspired the world. "Make in India is about the present and the future. Global competitiveness is the key to succeed," he said.
Ambani said in order to succeed in the 'Make in India' movement it is important to be open to capital and expertise from all over the globe.
"It is important to connect village clusters with the international markets and not only domestic markets by building the physical infrastructure and virtual infrastructure so that all our goods and services are connected to all markets," Ambani said.
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