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Want quality? Go `Made in India`: The Times of India
New Delhi, Nov 30: Move over China. With five desi companies bagging the globally-acclaimed Deming prize, India has emerged as the new destination for quality manufacturing.
New Delhi, Nov 30: Move over China. With five desi companies bagging the globally-acclaimed Deming prize, India has emerged as the new destination for quality manufacturing.
This prize is given to an organisation for rigorous total quality management (TQM) practices. China is yet to get such an honour. Eight more Indian companies are preparing for the 2004 Deming recognition.
In addition, the Japanese Institute of Plant Management has rewarded 18 manufacturing plants in 10 Indian companies for excelling in Total Productive Maintenance this year. World renowned TQM expert Prof Yasutoshi Washio predicts that Indian manufacturing quality will overtake Japan in 2013. So, are we in for a brand new success story?
While IT has helped India to achieve global recognition, two million trained engineers in the country are infusing vibrancy in manufacturing companies — many of them growing at 40 per cent. "India is on the same journey towards good quality that Japan was after World War II," says CII president and M&M vice chairman Anand Mahindra.
Suresh Krisha, chairman, Sundaram Fastners says, "The tidal wave is just building up. The interest shown by global manufacturing companies is on the rise.
Is it any wonder then that the US, Europe and Japan are seeking outsourcing opportunities through manufacturing supply chains from India? Toyota is establishing India as a source for transmission parts. Ford is sourcing engines from Hindustan Motors. Yamaha and Mitsubishi have announced plans to make India a global sourcing hub for 125 cc motorcycles.
Volvo, Renault and Mack Truck want to develop Indian vendors for their global requirements.
US retail chain Walmart, through its global outsourcing office in Bangalore, will increase outsourcing from India from the current $1 billion to $10 billion in the next couple of years. It is looking at sourcing paints, automotive, sport goods, lawn and garden equipment and hardware among others.
Honeywell, a $22 billion technology and manufacturing company, is finalising its outsourcing strategy for aerospace products and services. Siemens has committed to make $500 million investments soon.
But there’s some advice from global consultancy firm AT Kearney CEO designate Heinz Ludwig Klein. "India will have to bring down cost to improve its manufacturing competitiveness."
This prize is given to an organisation for rigorous total quality management (TQM) practices. China is yet to get such an honour. Eight more Indian companies are preparing for the 2004 Deming recognition.
In addition, the Japanese Institute of Plant Management has rewarded 18 manufacturing plants in 10 Indian companies for excelling in Total Productive Maintenance this year. World renowned TQM expert Prof Yasutoshi Washio predicts that Indian manufacturing quality will overtake Japan in 2013. So, are we in for a brand new success story?
While IT has helped India to achieve global recognition, two million trained engineers in the country are infusing vibrancy in manufacturing companies — many of them growing at 40 per cent. "India is on the same journey towards good quality that Japan was after World War II," says CII president and M&M vice chairman Anand Mahindra.
Suresh Krisha, chairman, Sundaram Fastners says, "The tidal wave is just building up. The interest shown by global manufacturing companies is on the rise.
Is it any wonder then that the US, Europe and Japan are seeking outsourcing opportunities through manufacturing supply chains from India? Toyota is establishing India as a source for transmission parts. Ford is sourcing engines from Hindustan Motors. Yamaha and Mitsubishi have announced plans to make India a global sourcing hub for 125 cc motorcycles.
Volvo, Renault and Mack Truck want to develop Indian vendors for their global requirements.
US retail chain Walmart, through its global outsourcing office in Bangalore, will increase outsourcing from India from the current $1 billion to $10 billion in the next couple of years. It is looking at sourcing paints, automotive, sport goods, lawn and garden equipment and hardware among others.
Honeywell, a $22 billion technology and manufacturing company, is finalising its outsourcing strategy for aerospace products and services. Siemens has committed to make $500 million investments soon.
But there’s some advice from global consultancy firm AT Kearney CEO designate Heinz Ludwig Klein. "India will have to bring down cost to improve its manufacturing competitiveness."