By Tricitynews
Chandigarh 07th Aug:- Government and Industry Cooperation
is necessary to spur the growth momentum in Punjab. This was stated by Harish
Chavan, Chairman, CII Punjab State and Chief Executive Officer, Mahindra &
Mahindra (Swaraj Division) at a Conference held at CII Northern Region
Headquarters.
He said that CII would be happy to
partner with the Government not only in exposing the companies to the emerging
opportunities but also in making them aware of the stringent performance
expectations necessary to succeed in them. Additionally, provisioning of stable
policies by the Government for the Industry would help support growth.
He shared that the need of the hour
is to have a long term perspective and joint approach to address current
problems like skilled manpower unavailability, quality power, poor
infrastructure, etc. Progressive companies have taken a lead in adopting global
best practices and implementing operational excellence initiatives like lean,
six sigma, TPM, integrated business planning, etc in the last decade. These
have not only resulted in improved business performance for them but also led
to implementation of systems for continued improvement. It is necessary for
companies in the region too to adopt the best practices before the gap with the
competitors becomes insurmountable.
He added further that it is
imperative to adopt new age manufacturing practices, including Automation,
Robotics & Artificial Intelligence in the challenging times when
manufacturing across sectors including auto stands stagnated and how
Industry in this region can initiate the critical transformational initiatives
to become future ready.
He also expressed that the
enterprising nature of Punjab’s industry and the undying spirit of its
entrepreneurs are asking to country’s folklore. While this has helped the state
grow and create riches over years, the time has come to adopt the changes
necessary to ride the next curve of growth.
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