Seven chief executive officers including Jamshyd Godrej from Godrej & Boyce, KG Ramachandran from BHEL, Baba Kalyani from Bharat Forge, Deepak Puri from Moser Baer, M S Krishnamoorthy from Larsen & Toubro Ltd, Sunil Munjal from Hero Corporate Services, Vikram Kirloskar from Toyota Kirloskar Motors, and Sumit Mazumdar from CII will share their experience of supplying equipment to the global manufacturing industry at a conference titled to be held concurrently with IETF 2003, on February 7 and 8 at Pragati Maidan, New Delhi.
The seminar is titled 'Indian manufacturing: Global outsourcing opportunities.'
A report commissioned by the Confederation of Indian Industry has identified a $15.4 billion export opportunity for Indian companies.
On day one CEOs from across sectors will deliberate on strategies to be deployed to address these opportunities.
The Indian manufacturing sector has relied on innovation for competitive advantage. Costs being a critical factor, keeping pace with emerging technologies is the need of the hour also.
Strategies that are well defined coupled with stringent and highest quality standard and technology innovations have helped some Indian companies come onto the global sourcing map.
It will include Baba N Kalyani, Deepak Puri and M S Krishnamoorthy who will lead two focused sessions and will share ideas on how they have placed their organisations on this global map.
They will further look and strategise on how the Indian manufacturing sector can capitalise on the $8-10 billion short term export opportunity in components and intermediates.
This will build on the fact that in-spite of a global slowdown in trade and appreciation of the dollar, Indian exports have grown by 15 per cent during April-November 2002.
In view of the Exim Policy being announced in April, the conference will also identify policy issues that need to be addressed.
Panelists include Sumit Majumdar, Jairam Ramesh, Sunil Munjal and Jamshyd Godrej.
While China is a Partner Country at the IETF, one specific session will be on ‘Competing with China' and Shirish Sankhe, Partner, McKinsey & Co will discuss strategies on how to use China's learning to help Indian industry compete with the dragon.
China's manufacturing success over the last two decades has attracted attention and could offer lessons that India could use to its own advantage. The session will dwell on China's manufacturing growth including policy and evaluate the key learning's that Indian companies can take from the Chinese experience.
In order to enable Indian industry take advantage of the $15.4 billion opportunity sourcing, international companies like Honeywell, Toyota and Caterpillar will make presentations on their sourcing requirements and how India can become a sourcing hub for them.
They will also share their experiences so far on dealing and working with Indian suppliers. Some of these companies have also set up manufacturing facilities in India and are targeting the Asia Pacific region through exports.
The sourcing event will attract delegates from sectors like electrical equipment, electronic hardware, automotive, automotive parts, machine tools, paper, earth-moving equipment, commercial vehicles and consultants.