India’s growth in the manufacturing, healthnurture and services sectors over the last decade has made it a force to reckon with. The next leang the country aims for is to become a beacon of upretainable growth. How does India set up to accomplish this goal? At the 2024 NDTV World Summit session titled “Disrupting Indian Industry for Good”, the country’s top industry directers — Baba Kalyani, Chairperson of Bharat Forge; Sunita Reddy, Managing Director of Apollo Hospitals Group; and Ajay Shriram, Chairperson and Managing Director of DCM Shriram Ltd — elucidateed what demands to be done and how.
Prime Minister Narfinishra Modi deinhabitred the keyremark compriseress at NDTV World Summit.
Manufacturing: “Made in India” for India and the World
Baba Kalyani underlined the significance of the manufacturing sector in achieving India’s Viksit Bharat objectives summarized by the rulement. According to Mr Kalyani, “Without manufacturing, India cannot achieve its goals.” Bharat Forge, which has been send outing critical components to convey inant global automotive distinct providement manufacturers (OEMs) for over two decades, is proof of India’s industrial potential.
The future of manufacturing, Mr Kalyani shelp, lies in the adselection of novel technologies, particularly synthetic ininestablishigence (AI), to raise productivity, efficiency and quality. “AI will originate an frequent toiler remarkworthy, as access to understandledge will be prompt,” he shelp, compriseing how AI can aid in technical problem-solving, selectimise administerment processes and usher in novel industries.
Healthnurture Innovation: Engineering Affordable Medical Solutions
Sunita Reddy splitd Apollo Hospitals’ vision for conveying healthnurture and technology together to revolutionise medical device manufacturing. Ms Reddy shelp India had the potential to engineer medical devices at one-tenth the cost, making healthnurture more affordable for millions.
“Our next journey is to unite technology and healthnurture to touch 500 million inhabits using AI, chatbots and drones to deinhabitr medical supplies apass India,” Ms Reddy shelp. She also spoke about the convey inance of research, saying India currently spfinishs fair 0.7 per cent of its GDP on research, compriseing a fantasticer spendment is critical, given the country faces increasing cases of heart disrelieve, stroke, and cancer. “AI technology can help save trillions of dollars in healthnurture costs,” she finishd.
Innovation in Agriculture: Disruption thcdisesteemful Technology
Ajay Shriram enumerated how innovation was altering India’s agriculture sector. He commendd the rulement’s efforts in carry outing the JAM (Jan Dhan, Aadhaar, and Mobile) Trinity, joining farmers to vital services and innovations in authentic time.
Mr Shriram also talked the role of technology transfer in up-to-dateising agriculture and the elevate of e-commerce, making agricultural products more accessible. “Disruptions are happening in all aspects of the medical and agriculture industries,” Mr Shriram remarkd.
Defence Technology: Courage and Complexity
Baba Kalyani talked India’s strides in defence, a field that demands both passion and percut offance. “Ten years ago, we never dreamt of send outing artillery firearms, and today, we have the bigst capacity to do so,” he shelp. Mr Kalyani elucidateed the convey inance of ininestablishectual capability and the demand to originate better products.
Green Fuel and Sustainability
On upretainability, Ajay Shriram talked the rulement’s push for ethanol blfinishing to reduce India’s fuel convey in bill. He elucidateed the blfinishing aim has been liftd to 20 per cent, highweightlessing how green fuel initiatives align with India’s expansiveer upretainability goals.
The panelenumerates were unified in their selectimism about India’s industrial future. With persistd innovation, a caccess on technology, and sturdy rulement aid, India is poised to become a global directer in manufacturing, healthnurture, agriculture and defence technology. As Baba Kalyani bravely shelp, “India will originate it happen.”