The global manufacturing landscape is drastically changing, with emerging economies fast becoming the preferred destinations for companies the world over. And with China’s manufacturing competitiveness losing sheen fast, challengers are aggressively vying for a bigger piece of the US$8.8 trillion global manufacturing pie. India, with its large working population and low labour costs (or substantial labour–cost competitiveness), is at a distinct advantage, and can grab a lion’s share. However, poor people productivity holds India back. If the right levers are put in place, India can efficiently utilize its “demographic dividend” and create a long–lasting leadership role for itself in the global manufacturing sector.
The CII-BCG report on ‘People Productivity: Key to Indian Manufacturing Competitiveness’ proposes an employee-focused agenda for Indian manufacturing companies to increase productivity of their employees, and in turn, enhance their overall profitability. Measures are suggested on changing management attitude towards people productivity levers – right talent, adequate training and skilling, and towards maximum employee engagement. The report was released at the CII-Planning Commission Joint Seminar on “Manufacturing – Strategy for Growth: Workforce Engagement and Skills Imperative” held on 14 March, 2013 at New Delhi.