Feb 23, 2016: ‘Make in India’ has become akin to that of a buzz word. It has sparked a great degree of interest among the investor community in India and abroad. The ‘Make in India’ initiative is expected to give a boost to the country’s manufacturing sector. To deliver the vision India has to attract worldwide investor interest. To achieve this India has to implement the single window clearing scheme, reduce the red tape by as much as possible and improve infrastructure.
Russi Batliwala, CEO, Chapman Freeborn, says “The question often is if India becomes a manufacturing hub then would the air cargo industry be ready? I think that we are already there. Since we have the airports and the infrastructure as the air cargo industry is incredibly flexible.”
For the initiative offers tremendous opportunities for those engaged in the air cargo with the prospective rise of the country as a manufacturing hub. Since there are various challenges that must be overcome.
Manoj Singh, vice president & head of cargo, Mumbai International Airport, says “The belly capacity is 70 percent across India. While the freighter capacity is not much, Africa is a big region where India can connect.”
Since in relative terms, India espouses a significant dwell time and this has great impacted the potential of its air cargo sector. The digitization of the supply chain shall provide an impetus the country’s economy and provide jobs to 110 million people that are expected the workforce between now and 2020.
Thus there is a compelling need to cut down on red tape, create a single window clearing scheme and focus on the country’s infrastructure.
Through the initiative, demand shall be generated for skilled workers, managers and business leaders. For a failure to do so would mean missed targets and wasted capital as well as time. It may eventually lead to an economic collapse of the nation.
Undoubtedly, this delineates that a robust and powerful ‘manufacturing’ engine to change the country’s prospects for the better. There is a need to provide a new lease of life to the country’s lackadaisical manufacturing sector. The supply chain plays a critical part as an integral aspect of the nation’s manufacturing sector. The big question that one needs to ask is; how are we going to make this vision a reality? Or can we really?