By 121 News
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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