Strategic manufacturing a key driver for propelling the growth of economy: Uday Kotak

Hyderabad, Mar 7 (Agency) Confederation of Indian Industry (CII) President and Managing Director & CEO, Kotak Mahindra Bank Uday Kotak has said that strategic manufacturing is a key driver for propelling the growth of the economy, Speaking at the CII Southern Region Annual Session & Industry Reset- a Summit on Strategic Manufacturing in the Digital Era organized through virtual platform on Saturday, Mr Uday said that in the current era, to be world-class, organizations need to adopt to fast changing technology and need to have digital mindset, a release here said.

He also mentioned that we need to be cautioned about the colonization of raw material supply across the world. The CII President said that there is a need to bring a strategic mindset into the manufacturing sector. The country needs to focus on strengthening & improving the quality of skill development initiatives and engineering talent so that high quality manpower is available to the industry, he added. Ms Shobana Kamineni, Past President, CII & Executive Vice Chairperson, Apollo Hospitals Enterprises Limited said that this COVID war is not going to end without a cure.

Now the high priority for the country is how to get the jobs back, as we are celebrating the International Women’s Day, we should not forget that the women were worst affected during the pandemic and many of them have lost their jobs. We also lost one year in Education and witnessed high levels of nutrition inadequacy among the children, she said. Ms Kamineni also mentioned that global partnerships are important and a good sign is that the world is coming together during the challenging times.