BMGI Knowledge Partner in the 5th Manufacturing Innovation Conclave 2015
5th Manufacturing Innovation Conclave 2015
The event was held at ITC Maurya, New Delhi on the 19th June 2015. BMGI and CII Presents Innovation as the Key Catalyst for Make in India at the 5th Manufacturing Innovation Conclave. The event was organized by CII, which works to create and sustain an environment conducive to the growth of industry in India.
Nirmalya Banerjee, Business Head at BMGI. 5th Manufacturing Innovation Conclave 2015
5th Manufacturing Innovation Conclave 2015 Key takeaways from the CEO panel discussion of MIC 2015: • Innovation is definitely the approach to provide cost effective solutions and capex /opex business models. There are abundant of opportunities and its important to tap the same by understanding latent needs of the customer, building robust product development processes, imbibing cultural change of thinking process right from schools with industry-university collaboration. Innovation continually happens in a company. •
Innovation is a key catalyst in fueling growth and realizing the ‘Make in India’ dream and achieving technological supremacy as they quoted the example of Mars mission launched by India, which was definitely a proud moment.
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There is a necessity to design more and create a market within India, improve the infrastructure to support the Research and Development teams, marry the academia and industry to leverage the institution skills and capabilities. Some challenges like the environmental challenges, socialistic mindset, governing structure, ease of business have to be addressed to facilitate the growth, as there was no silver bullet to make it successful.
5th Manufacturing Innovation Conclave 2015 •Highlights of the event • It is important to foster the culture of innovation, there cannot be a structure for innovation, synergy between creativity and innovation, mindset which played a key role to create, adopt and specified that everyone in the organization has a role to play. •Ultimately Innovation is necessary to drive India ahead with focus on sowing seeds for academia , leveraging 3D printing, PLM and simple innovation techniques.
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