Event report Enhancing Manufacturing Competitiveness in India
Collaborative approach between users and solution providers is the need of the hour for manufacturing renaissance in India. Realizing this fact, Frost & Sullivan had organized Industrial Technologies Summit, which acted as a knowledge sharing platform. Additionally, the company acknowledged the companies, which have established best practices in enhancing overall customer value addition.
Frost & Sullivan’s Industrial Automation & Process Control (IPC) Practice successfully hosted its Industrial Technologies Summit titled ‘Enhancing Manufacturing Competitiveness: Reality of Adopting Global Trends and Technologies in the Indian Context’ at Mumbai. In the Summit sidelines, the best companies in industrial technologies were felicitated for their outstanding performance, customer value, customer service and market share leadership at the ‘2014 Excellence in Industrial Technologies Awards, India’.
In the current context, with renewed industry confidence and a new, stable Government at the Center, the country’s manufacturing prospects and economic growth is expected to get a major boost. With concerted efforts by solution providers, end users have gradually realized the advantages of adopting right products and solutions in order to be competitive in today’s global economy. However, this change may not be fully visible in the short term, but it is important to identify these proactively and engage with end users to have a first mover advantage.
Senior Vice President, Reliance Industries, BR Mehta, who was the Chief Guest at the Summit, highlighted the changing practices and global trends that the manufacturing sector has to imbibe in order to remain relevant in this ever-changing world. Following Mehta’s address, other esteemed speakers highlighted some of the key challenges faced by Indian manufacturers and deliberated on ways and means of addressing them. The summit witnessed participation of solution providers and solution adopters, who collectively deliberated on the key steps.
Post the summit, leading companies across different product and solution spaces were felicitated for their best practices in enhancing overall customer value addition at the ‘2014 Excellence in Industrial Technologies Awards, India’.
Amongst others few of the companies bagging the award were – Cognex Sensors India, C.R.I. Pumps, Emerson Process Management, Endress+Hauser (India), Siemens, etc. Cognex Sensors India received an award in the category of ‘Market Share Leadership in Vision Sensors’ while C.R.I. Pumps topped ‘Customer Value Leadership in Centrifugal Pumps’ category.
On the other hand, Endress+Hauser (India) won the award in two categories— ‘Customer Value Leadership in Process Transmitters - Process Level Instrumentation’ and ‘Company of the Year in Flowmeters’. Emerson Process Management bagged an award in ‘Customer Value Leadership in Process Transmitters - Pressure Transmitters’ category.