Utilise this technology for manufacturing sector to thrive, industries told
CHENNAI: "Lean manufacturing, which is presently utilised only by the Indian automobile industry, should be practised by other industries like electrical and electronics, textiles and telecommunications if the manufacturing sector must realise its full potential," Venu Srinivasan, chairman and managing director of TVS Motor Company, said.
Inaugurating a three-day `Productivity Summit' organised by the Indian Machine Tool Manufacturers' Association (IMTMA) on `Unleashing the power of productivity in metalworking', Mr. Srinivasan said China's growth in the manufacturing sector was 14 per cent, against 6.2 per cent in India. Besides low investment and technology in India, education of the workforce also posed a challenge to the metalworking industry, he said.
Low-cost automation held the key to lean manufacturing which, by its nature, could not be standardised, Mr. Srinivasan said.
In the keynote address, Crispin Vincenti-Brown, consultant from France, said "zero tolerance of waste" and understanding value as something the customer "wants to pay for" were crucial elements of productivity.
C. P. Rangachar, president, IMTMA, said the Indian machine tool industry faced the challenge of "producing German quality at Chinese prices."
The association, with its design school and centre of excellence in Bangalore, has started a technology services division, he said.