Here was someone from a simple background and rose up to be the President of India – Our beloved Missile Man, Dr. A.P.J. Abdul Kalam. He was an example of humility, simplicity, integrity and sincerity. The passion and the missionary zeal with which he reached out to touch and inspire millions of youngsters is legendary.
Sir, we salute you.
One of the slogans that has been adopted by the government and the country now is “Make in India”. There are many aspects of enterprise that we need to master to be successful in the market, of which I will refer to two that are important in this time and age.
The first is productivity.
India is at 16% of Germany’s Unit Labour Cost. India’s cost competitiveness is more to do with lower wages than increase in productivity. How can we achieve higher productivity?
A typical machinist or an assembly-level worker in a manufacturing plant may draw around $3,000 a month in the US or about E3000 in Germany. In India, a similar job would get a salary of Rs.25,000 per month. However a machinist in the West will be working simultaneously on three or more CNC machines, programming, then loading-unloading components on one CNC machine when others are running.
In India, you find three CNC Machines need three “Operators”, a “Programmer” and a “Helper”!!! Huge difference.
We need to target that kind of productivity. This could be achieved by a combination of stronger product designs using Design for Manufacture (DFM), better process strategies (Lean manufacturing, 5S, 3M etc.), Process control, TQM, Time-engineering, optimal technology interventions and a host of other steps. More than all this, successful outcomes need a positive attitude, mindsets, skills and above all hard work.
“If you want to shine like the Sun, first burn like the Sun” – Dr. Kalam
The second is value addition.
While there are many vendors in India who supply components and software services to aerospace companies like Boeing and Airbus, there is huge discrepancy in the value add. A 180 seater, 40-tonne aircraft made of Aluminum, plastic and other materials, would probably cost Rs.20 Lakhs by raw material weight! This is sold at Rs.300 crores each. That is value addition of a whopping 1500 times!!
We need to address the value add issue at the time of choosing a) our product-line, b) our addressable market, c) the ingredients that go into it. Interestingly, high-value products typically require less funding due to high internal free cash generation. However we need to tackle high engineering costs. Subsequently, a focus on strong R&D, productivity, marketing will take us to big time success. Higher product value add will also buffer us from currency fluctuations, sudden dumping or competition and other market forces.
We need to dream big to achieve these goals.
“Dream is not what you see when you sleep, it is the one that doesn’t let you sleep” – Dr. Kalam
Have a great month ahead!
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On behalf of Urdhva Management, it is our pleasure to invite you to the Recommerce – Global Battery Recycling Conference. The conference will be held on the 3rd & 4th of March 2021, at the Lalit Ashok, Bengaluru.
The two-day conference will discuss and debate topics like battery refurbishment and repair, asset management, best in collection procedures, effective implementation of EPR, latest recycling technologies, materials-recovery solutions, end-of-life strategies, as well as regulatory and business models to help reduce the environmental impact of battery waste. This will give a stage to trade, debate and discuss the existing challenges and chart-out the way ahead for each sector. It suggests ways to bridge the gap between ensuring effective management and disposal channels.
We recommend you attend this conference on 3rd & 4th of March
Electronic City Industrial Township Authority (ELCITA) and Electronic City Industry Association (ELCIA) are cohosting a meeting of HR Heads of companies located in Electronics City, Bengaluru on 8th Feb 2021 on “Implementation of POSH” and achieving “Workforce Diversity through Veteran Hiring” for the first time. Ms. Rama NS, LtGen PG Kamath, former Commandant of Army War College, and Wg Cdr LP Joshi, former Operations Director of HCL, are the esteemed speakers. Hoping that this small initiative leads to a safer work environment for women and increased hiring of veterans by industry, and consequent benefits to the business.
We offer services in the following fields:
1) Organizing loans from banks and NBFCs for all your needs like working capital, purchase of machinery, transfer of existing loans for a lesser rate of interest, etc.,
2) Detailed Project reports for new ventures, expansion of existing units, etc.,
3) Filing of returns/Internal and External Audit
4) Valuation of companies for investors
We have an executive also for the collection of documents, which avoids traveling to the main city- Please contact me for any of your needs…
We can help the companies grow by solving their problems and we can also grow along with them
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