Introduction

India will be the third most sought-after manufacturing destination globally by 2025. India’s manufacturing sector will reach US$ 1 trillion.

The last two years were disruptive for manufacturers. They struggled with supply chain challenges, workforce and labor issues, etc. Today, India’s manufacturing sector is on the cusp of structural shifts buoyed by government initiative PLIs, robust policy thrust, and fresh investments.   As per the research, India is emerging as an integral pillar of economic growth. In FY21-22, India’s manufacturing exports reached an unprecedented $418 billion (Over 40% higher compared to the $290 billion from the previous year). Soon it is expected to become a global manufacturing hub. As per data, by 2030, it’s expected to add over US$ 500 billion to the global economy annually. 

Lately, India has witnessed revenue from several large multinational companies that have either looked to invest in manufacturing operations in the country or have done so as of now—on the rear of government support for FDI in certain sectors, a huge market to take care of, and India’s enormous, young and skilled workforce. Indeed, these positive developments are creating a robust pipeline for the nation’s sustained economic growth. However, bridging talent and workforce skill gaps, overcoming supply chain challenges, scaling smart technologies, and securing digital infrastructure are still the biggest challenges. The dilemma is to deliver the following top 4 priorities: -

  • Develop an industry 4.0 roadmap that solves unique business problems and adheres to the company vision.
  • Create a business case and demonstrate ROI.
  • Build a resilient supply chain and robust infrastructure.
  • Form a proficient workforce culture to accelerate the business transformation journey.


The Mint-Zetwerk Smart Manufacturing Summit 2022 showcases how to spur economic growth and make India a global competitive manufacturing hub. Also, to develop strong manufacturing value chains with potential to function in international businesses, power development, and create long-term employment opportunities, and abilities for thousands.


Agenda

1:00 PM onwards
  • 1:00 PM – 2:30 PM

    Networking Lunch

  • 2:30 PM – 2:45 PM

    Welcome Address

  • 2:45 PM – 3:15 PM

    Keynote: India- A Manufacturing Powerhouse in the Making: Unlocking Capital Investments

    Manufacturing in India is among the strongest pillar of the economy. India, as a global manufacturing hub, can potentially add over the US $500 billion annually to the global economy. By 2025, India's manufacturing sector will reach the US $1 trillion. Government Impetus - PLI schemes to unlock India’s manufacturing capacity and draw the US $53 billion CapEx.

    On the 76th Independence day, PM Modi sets sights on making India a developed nation by 2047, cutting import dependence and boosting domestic manufacturing. Having said, it’s imperative to reset the manufacturing playbook. The ask is—HOW?

  • 3:15 PM – 4:00 PM

    Fireside Chat: What is the future of Indian infrastructure - Where should public funding be focussed?

    Infrastructure is the key driver for the Indian economy—responsible for propelling the nation’s overall development. At present, India ranks 10th worldwide in overall quality infrastructure. It’s pivotal to augment the growth of the infrastructure sector to achieve the US$ 5 trillion economy target by 2025.
     
    As per the stats, today, the Government of India has launched several initiatives to ensure world-class infrastructure in the country. They are looking forward to spending US$ 1.4 trillion on infrastructure via NIP in the next 5 years. They have allocated US$ 130.57 billion to expand the infrastructure sector. This presents a bright picture of India’s infrastructure outlook in-line with government schemes, projects, financing, and funding. But the ask is— what actions need immediate attention? Where should funding be focussed?

  • 4:00 PM – 4:45 PM

    Panel 1: Building a $5 trillion economy through manufacturing & infrastructure

    The government of India has a target to become the third-largest economy in the world and achieve $5 trillion by FY27. India needs to grow at a 9% annual rate to make it possible. The government has introduced many effective schemes and policies. Public spending and legal & labor reforms are already in progress.

    The two key sectors that will lead India’s march are Manufacturing and Infrastructure. Why? Because of their capacity to enhance mobility & accessibility, connect people & communities, generate new opportunities, facilitate trade, and boost overall economic productivity. But the ask is—why are manufacturing and infrastructure new growth formula, and how will they help India achieve the aim?

  • 4:45 PM – 5:15 PM

    Networking Break

  • 5:15 PM – 5:45 PM

    Fireside chat 2: Creating Talent and Skill Dividend for Advanced Manufacturing Industry

    Industry 4.0 has the potential to add tremendous value to the business. But, still, many manufacturers are slow to adopt advanced manufacturing. As per the latest research, the chief concern is the identification, training, and retention of the right talent. Already manufacturing continues to suffer from an acute labor shortage. During the COVID, the manufacturing sector netted a loss of 578,000 jobs (roughly 6 years of job gains).

    The moment of truth: Digital transformation pace will continue. With that, how can manufacturing industry leaders ensure the future workforce have the right skills and knowledge demanded by the digital revolution? how can they create pathways to tomorrow's job today? Most importantly, how can they foster an inclusive culture?

  • 5:45 PM – 6:30 PM

    Panel 2: Financing for MSMEs - the constraints to supply chain financing & the solutions

    MSME is the backbone of India’s economy, with over 63 million MSMEs and a 29% contribution to India’s GDP. MSMEs have significantly helped India achieve a world-class $400 billion in export with a 50% contribution. As India aspires to achieve the #3 position in the world, MSMEs are under immense focus. 

    Unfortunately, the lack of easy access to simple and timely credit slows the pace. As per data, out of 6 crore MSMEs, only 1.5 lakhs do exports. Whereas 70% of MSMEs require funds. Supply Chain Financing is the boon here—enabling MSMEs to access capital more efficiently, reduce alliance on alternate funding sources, make payment easy, and immediately manage working capital needs. The ask is—what constraints can supply chain finance cut? How will it smooth financing for MSMEs? How will it bring speed and agility to the overall system?

  • 6:30 PM – 7:15 PM

    Panel 3: D2C the future of consumer brands & challenge for manufacturers

    In this hyperconnected era, D2C space has witnessed a significant shift, and it’s a red-hot sector. In 2021, many homegrown D2C startups have become unicorns with a company valuation of 100+ crore. It seems the future of consumer brands lies in D2C. Brands can connect with customers in a more targeted and calibrated manner. 

    As per the stats, over 600 Indian brands have already adopted this business model. By 2025, the D2C total addressable market is projected to reach upwards of $100 billion. But switching from offline to online also brings challenges. What are the top challenges for manufacturers, and how to deal with them?

  • 7:15 PM – 7:45 PM

    Fireside Chat 3: Private Investments in India's Manufacturing & Infrastructure Sectors

    India garnered the highest-ever annual FDI inflow: US$ 83.57 billion in FY2022. Manufacturing was one of the greatest contributors, with US$ 21.34 billion in FDI equity inflows, a 76% YoY growth from the last year, amounting to US$ 12.09 billion. Moving ahead, infrastructure was the top sector in September 2022, with US$ 795 million in PE/VC investments. Yet, for over a decade, Indian private investments have been weak.

    The finance minister is not witnessing the investments happening at the pace it expected. Despite this, GoI even reduced the tax rates of domestic organizations from 30% to 22% in the hope to revitalize private investments. Having said, the ask is—why is private investment lagging in India? Why is Union Finance Minister urging industry giants to invest in manufacturing and infrastructure? Is it an opportune time to spend aggressively on manufacturing and infrastructure? Will private sector financing remain at an all-time low or rise?

  • 7:45 PM – Onwards

    Cocktail & Dinner


Speakers 2023

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Anil Chaudhry

Country President & MD India, Schneider Electric
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Deepesh Nanda

CEO, GE Gas Power South Asia
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Deepak Jain

Co-Founder, FlexiLoans
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Prakash Sankaran

Managing Director & CEO Invoicemart, A.TReDS Ltd
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Rajan Anandan

Managing Director, Sequoia Capital
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Rajeev Chandrasekhar

Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology
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Rajesh Bansal

CEO, The Reserve Bank Innovation Hub

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