Instead of wishing for 2016, just the next year, I want to wish for the decade, as it takes that much time for manufacturing company to become a world class in quality and scale.
High-end Technologies: I wish four of the top industrial companies to grow as world class in manufacturing in its field, though there may be many more such as Bharat Forge: L&T in building and manufacturing of nuclear plants such as Westinghouse or Toshiba. Tata in defence planes just as Boeing. Mahindra in transport planes. Reliance Defense in naval warships. BHEL must grow as a global leader in all electric power related equipment.But all these firms, beside creating the world class manufacturing, assembling, and testing facilities, must also have to invest extensively in its own R&D too to become leaders in its areas of activities, and aim for exporting its products up to 30 percent. The joint venture of Russia’s Rostec with Indian PSU HAL for manufacturing Kamov 226T military helicopters in India will grow as the major manufacturers of all types of helicopters for domestic and global market. The agreement signed between Anil Ambani-led Reliance Group and Russia’s manufacturer of Air Defence Missile Systems, AlmazAntey, results in setting up a world class manufacturing with R&D centre of its own and starts producing the whole range of air defence missile and radar systems for the Indian defence forces and also opens export avenues.
Some already existing companies in Defense sector must excel and scale up: 1. Dynamatic Technologies that already supplying ramps and pylons to Boeing for the Chinook, and power and mission equipment cabinets for the P8-I multi-mission maritime aircraft (MMA). 2. Tata Advanced Materials (TAML) that has contracted to supply P8-I components to Boeing. 3.Tata Manufacturing Solutions (TAL) that has begun supplying ground support equipment for the C-17 Globemaster III aircraft. 4. Rossel Techsys that manufactures wire bundles for Boeing’s military aircraft. 5. Punj Lloyd has established a high-tech manufacturing facility near Gwalior to tap into this market. And the Indian companies in the prestigious (and often more profitable) realm of aerospace design: A. Hyderabad-based Cyient (formerly Infotech Enterprises) that works with aerospace multinationals on critical design-engineering products, including aero engines. B. Chennai-based Data Patterns, that has designed cutting-edge aerospace products.
All these firms will need support from the government in a big way in policies and taxation, as the vested interests in bureaucracy and services are the biggest obstructions in indigenisation programme.
Railways: The two loco engine manufacturing plants in Bihar of GE and Alstom must go in production. Both must unlike Chittaranjan Locomotives must keep on updating its technologies to remain relevant for huge sector and look for export too. The Bullet Train project will also boost the manufacturing of many input items in India. Hundreds of smaller manufacturing companies may be joining the projects as world class vendors meeting Japanese quality standards.
Electronics: India will have to move fast in creating an ecosystem for manufacturing of electronics items that may soon be the highest burden of import just behind perhaps oil. The top hundred engineering colleges with strong electronics department, research organisations such as CSIR and DRDO, the government electronics companies such as BEL must focus on developing many world class electronics products and try to find a way out to encourage and support the entrepreneurs in its manufacturing. Foxconn must succeed in its plans of setting up electronics factories and it must facilitate to set up many components manufacturing units as vendors too.
Textiles: India must aim at making this the national manufacturing sector and number one in world consuming all its cotton and with best possible value addition to suit the fashion tastes of the world.
And finally, through extensive skilling and unique entrepreneurship, every rural habitation must have a manufacturing centre where the trained men and women make something or other required by the huge market of a billion and a half.
Let India become really as (‘swachh’) clean as the other developed countries to make it all proud to attract FDI in Make in India.or