Spurring India's Industrial Power to New Heights

Dear Shri Kant,

Enjoyed reading your article ( Spurring India's Industrial Power to New Heights ) , in today's Hindustan Times

At one place , you write :

"  Secondly , small and medium enterprises ( SMEs ),account for 40 % of India's workforce and contribute 45 % of manufacturing output. SMEs play a significant role in generating jobs .

   India needs to enhance their scale of operations, ensure better adoption of technology, provide innovative financing and mechanism for upgrading skills "

Following is my suggestion ( my today's blog ) to accomplish , what you recommend :

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BENCH-MARKING   INDIA  INC

Launching of  MakeInIndia web site was a great initiative

It can be made greater if its scope gets expanded to enable millions of SME ( Small Medium Enterprises ) to quickly learn / absorb the best Manufacturing / Management practices of India's most successful companies

Over 20 / 30 / 40 years , these companies have developed / evolved , some of the best practices in different functional areas , such as :

* Project Planning / Execution

* Financing / Fund Raising

* Long Term Strategy

* Cost Accounting

* Capital Budgeting

* Dealership Network

* Supply Management

* Subcontracting / Outsourcing

* Vendor Development

* Statistical Quality Control

* Tendering

* Human Resource Development

* Maintenance Management

* Logistics Planning

* Salary / Wages Structuring......etc etc

In each of these Functional Areas , these Companies have created ,

* Standard Office Procedures

* Approved Shop Practices

* Operation Manuals

* Forms ( Online / Offline )

* Documentation

* Software Tools

* Brochures / Pamphlets

* Agreements / Contracts

* Legal Undertakings / Notices

* Board Resolutions

* PERT Charts

* Process Monitoring Graphs......etc etc

And which are these " Successful " Companies ?

* L&T  /  Reliance / Birla Group / Adani Group / Infosys / Wipro / and hundreds of others

Can they be persuaded to share these data by uploading on MakeInIndia web site ? - for 25 million SME to download / modify and implement in their own companies ?

I am sure if our PM , Shri Narendrabhai Modi , makes such a request to ASSOCHAM / FICCI / CII and other similar organizations , these companies would gladly come forward to share with the rest of the Indian Corporate , the KNOWLEDGE / WISDOM  that lies captured in the above mentioned documents / manuals

It is high time , we think " Out Of Box "

It is time to convert Private Intellectual Property ( PIP ) , into National Intellectual Property ( NIP )

I am not suggesting that any Company should reveal any of its " Trade Secrets / Patents "

But if MakeInIndia has to become a resounding success , successful companies must undertake to mentor 25 million SME

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*  hemen  parekh  /  17  Nov  2014  

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