Three-day 5th National Conference on ‘India’s Economic Growth’ is underway currently at Vignana Jyothi Institute of Management, Hyderabad

Accelerating India’s Economic Growth: Is Manufacturing a Prime Driver?

Hyderabad… 16 December 2011: The three day 5^th National Conference is being held at the Vignana Jyothi Institute of Management, Hyderabad, on India’s economic growth, probably could not have been timed better with the Rupee sliding to record low. Under pressure from the global financial uncertainty and weak domestic economic data the Indian Rupees fate is yet to be ascertained, raising serious concerns and speculations. Though the continuing slide has finally forced RBI to intervene but the quantum of intervention is still unknown.

With the Finance Minister Pranab Mukherjee blaming the “huge capital outflow” as a reason for the recent slide in rupee, the pertinent question is. What is the way out? Is Manufacturing a Prime Driver?

As a recent debate in The Economist, suggest that 76% participants felt that an economy cannot succeed without a big manufacturing base. Yet as current studies indicate the Indian manufacturing sector is growing at a dismal rate when compared to China though the resources available and factors involved doesn’t have significant difference when compared to absolute terms.So what is actually stopping India from becoming a globally competitive nation? Is it the indirect tax or the weak support infrastructure? Or is it the policies &regulations?

The above and whole lot of issues constraining India’s growth is being deliberated and thrashed to thread-bare in this conference, by eminent speakers, policy makers & researchers from the Industry and the academia. Prof. Durga Prasad, faculty and Dean, VJIM is upbeat about the whole thing and said, “The current surge in manufacturing sectorsin the national economic space is witnessing a wave of growth and is a great opportunity for India Inc. to take advantage of this shift. As a nation we are not just good in the services sector but have great manufacturing & product management skill sets”.

Few of the eminent business leaders of Hyderabad like Anantha Reddy Ch, – MD, Pennar Industries; KoteswarRao – CEO, Cluster Pulse; Mysalah K – GM (Production) BHEL; Venugopal N – VP Reliance Power; Sai Kumar MV – Dir-HR Dr. Reddy’s Lab; Venu Madhav – Design Engineer – Coca Cola, Atlanta attended the conference to brainstorm. Ravi Kumar J CFO – L&T Metro Hyd Ltd shall grace the valedictory session alongwith Prof. SubbaRao AV from University of Ottawa, Canada. The Conference will conclude on Saturday.

The lush green sprawling campus and the architectural splendor of the institute is a perfect setup for the winter conference. Founded in 1993, VJIM has been consistently listed among the top B-Schools of India. Known for value based education system and industry driven curriculum supported by dedicated governing body members and initiatives like this once again establishes the exemplary role the institute plays in issues affecting the industry and the nation.

Issued by: DebriN Synergy, Vaishali +91 11 647 8130; vaishali@debrin.in