BMGI India and CII Presents Innovation as the Key Catalyst for Make in India at the 5th Manufacturing Innovation Conclave

1. BMGI India as Knowledge Partner in the 5th Manufacturing Innovation Conclave 2015

2.  As the knowledge partner for the event held at ITC Maurya, New Delhi on the 19th June 2015, BMGI and CII Presents Innovation as the Key Catalyst for Make in India at the 5th Manufacturing Innovation Conclave.  The event was organized by CII, which works to create and sustain an environment conducive to the growth of industry in India.

3. Keynote Address by Dr. Kurichi Kumar, Head of Engineering, Rolls Royce India Pvt Ltd. Dr. Kurichi Kumar, Head of Engineering, Rolls Royce India Pvt Ltd, shared the practices Rolls Royce Adopts to manage innovation. He shared the sourcing of ideas through well networked universities around the world and collaboration with suppliers that fits into the structure of Generate - Develop - Review - Select process for innovation that is managed through a portal.

4. Nirmalya Banerjee, Business Head at BMGI, explored the reasons why anyone would want to manufacture in a particular country. Explaining that the reasons couldn't go beyond making it cheaper, better or faster, he shared that India needs to currently move beyond making manufacturing cheaper for global organizations to come and 'Make in India'. Mr Banerjee reinforced that innovation can make this possible and open up possibilities for developing multiple alternatives for carrying out the same solution. He signed off by sharing that India has been a follower by executing and scaling up products innovated elsewhere, but it is time for India to innovate, leverage available frameworks and realize the aspiration of 'Make in India'.

5. Sandeep Sinha, Chief Operating Officer, Cummins India Ltd.

6. Some of the key takeaways from the panel discussion of MIC 2015: 

- Innovation is definitely the approach to provide cost effective solutions and capex /opex business models.

- There are abundant opportunities and it's important to tap the same by understanding latent needs of the customer.

- Building robust product development processes.

- Imbibing cultural change of thinking process, right from schools with industry-university collaboration. Innovation continually happens in a company.