CII and BCG jointly published the report titled "Next Gen Manufacturing: Winning through Technology and Innovation". The report assesses current state of Indian manufacturing sector, looks at the country's rise as global manufacturing hubs, analyses the impact of Industry 4.0 technologies on global as well as Indian manufacturing, and lays down imperatives for the industry as well as government. CII-BCG also conducted a survey among leaders of the manufacturing industry for developing key themes in this report.
The report takes stock of the recent progress of the manufacturing sector and the Make in India Initiative. It also takes notes of the efforts on reforms related to GST, FDI relaxation and infrastructure development. Such steps are making Indian manufacturers more optimistic. Nevertheless, 45 per cent of the executives feel that the Make-in-India initiate has become closer to reality as compared to the last year.
The report highlights the rise of global manufacturing superstars such as Mexico and Vietnam. These countries have built upon their natural advantages to create competitive advantage and promote growth in the manufacturing sector.
The report was released at the 5th Edition of Manufacturing Summit 2016 on 29 November 2016 in Mumbai.