Make in India: Making it Happen by Design
Two years since the launch of Make in India initiative by Modi Government. It was great to see the positive response given by foreign investors (MNCs), Indian companies and startups in every sector. India moved up faster on Ease of Doing Business rank in last few months with changes in policies by Government. The campaign has been concentrated to fulfill the purpose of Job Creation, Enforcement to Secondary and Tertiary sector, Boosting national economy, converting the India to a self-reliant country and to give the Indian economy global recognition.
Ratings agency Moody’s recently said that net foreign direct investment (FDI) inflows have hit an all-time high in early 2016, highlighting the success of PM Narendra Modi’s ‘Make in India’ initiative. Of course, we need to be cognizant of the fact that many projects are in the early stages and it would take time to see the results. It is interesting to see almost all sectors/industries/companies brought into this idea. In last two years many global heavyweights announced their intention to manufacture in India and signed Joint Venture agreements with Indian firms. This initiative gave boost to different sectors like automobiles, chemicals, IT, pharma, textiles, engineering & manufacturing, aviation, railways, defense, renewable energy, mining, bio-technology, electronics, leather, tourism & hospitality etc.
Use of advance technologies right from concept design, analysis to manufacturing plays important role in achieving manufacturing excellence and developing innovative products. Design is integral part of the manufacturing; make in India is not just a manufacturing in India but also design in India. MNCs are not just outsourcing low end design or product development work in India now but in last two years more than 1000 R&D labs have started in India to develop better products for worldwide audience. Almost all CAD, CAE, PLM vendors in Mechanical and Civil are playing an active role to make this initiative a great success.
Recently I came across an interesting paper published by PTC on ’Make in India’ where they have discussed success stories of companies from various sectors using Creo to develop, manage and manufacture better products in India. Please check these interesting stories on Automotive component manufacturers, Diecasting, electrical, electronics and machine tool industry to get an overview on how companies are utilizing advance tools to develop quality products adding to success of ‘Make in India’.
PTC – Make in India – Link – http://www.ptc.com/cad/make-in-india
It was great to learn more about PTC’s initiative that supports Make in India and the way PTC has become trusted partner to the Indian companies looking to participate and succeed with the Make in India policy. PTC has been partnering with manufacturing companies in India for over 22 years; more than 4000 Indian manufacturing companies are using PTC technology. PTC customers are found in every corner of India from Delhi to Coimbatore, and Pune to Jamshedpur. PTC understands the challenges faced by the Indian manufacturers and is well positioned to support any company with the Make in India initiative.
PTC is helping manufacturers succeed; understand the typical challenges faced by manufacturers and the Indian business environment. With PTCs solutions in the areas of Computer Aided Design (CAD), Product Lifecycle Management (PLM), and the Internet of Things (IoT) equips companies to compete with suppliers from around the world.
Author – Sachin Nalawade