The Hindu Business Line : `India on its way to becoming IT, manufacturing kingdom of the world'

The Japanese Ambassador to India, Mr Yasukuni Enoki, flanked by the Chairperson of India Japan Initiative, Ms Geetanjali Kirloskar, and the Chairman of Kirloskar Systems Ltd, Mr Vikram Kirloskar, at a workshop in the Capital on Tuesday. — Kamal Narang

New Delhi , July 26

INDIA is well on its way to become the IT and manufacturing kingdom of the world, said the Japanese Ambassador to India, Mr Yasukuni Enoki, while inaugurating the `Succeeding in Japan' manufacturing workshop, organised jointly by the Confederation of Indian Industry and India Japan Initiative here on Tuesday.

Mr Enoki said that India and Japan could complement each other, as both the countries have lot in common.

He said that India was once regarded as a manufacturing powerhouse, but closed economic policies of the past had led to the sector under-performing. However, the economic liberalisation of the 1990s had led to a resurgent manufacturing sector and the economy as a whole.

The workshop was attended by Mr Vikram Kirloskar, Chairman of Kirloskar Systems Ltd; Mr Munakata, Managing Director of Mitsubishi Corporation India Pvt Ltd; Mr Kiomichi Ito of Toyota Kirloskar Auto Parts; Mr Katumi Nomoto Adviser to Anest Iwata Corporation, Japan, and representatives from Hero Honda and Maruti Suzuki.

Mr Vikram Kirloskar said on the occasion that "The Indian manufacturing industry, which had a slow start in 2002, is now witnessing a substantial boost in manufacturing exports, outsourcing contracts and new investments. India's manufacturing sector is reviving with soaring profits.

"Today, manufacturing perhaps is one of the fastest growing sectors in India with a bulk of the inflow coming from a large number of Japanese companies setting base in India."

He further added, "We feel that the India Japan Initiative would leverage the vast knowledge, experience, relationships and affinities accumulated through past interaction, to pave the way for a sustainable, long term and fundamentally sound relationship for a common future in the globalised world."

The workshop sought to identify and understand world-class manufacturing excellence by providing an insight into Japanese production principles and processes, the cultural context to adapting technology processes and practices and the key tenets for successful partnerships.

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