While our Prime Minister is busy in marketing brand India to the world, we
as true Indians need to strengthen our uniqueness globally by leveraging on our
strengths in manufacturing. The time has come to capitalise on our advantages and
experience a paradigm shift from an agrarian economy to manufacture and service
based economy. I hope with the focused efforts from the government and by an
implementation of GST regime, the manufacturing sector will get into the revival
mode shortly.
Manufacturing is a very competitive industry and reducing the cost of production
while creating incremental value for customers remains a challenge for every
business. With the new GST administration, we will be able to see reduced cost of
production, unification of the Indian market, the smooth flow of goods within the
country, availability of input tax credit on state supply of goods and services leading
to greater cost benefit, and a lot more.
