It is a matter of great concern that even after 68 years of post-independence almost 23% of Indians i.e. over 276 million Indians are still living below poverty line. The “Make in India” initiative taken by Government of India is right step in this direction which will pave the way to transform the lives of many people at large scale.
This mission is aimed to position India as a hub of manufacturing activities. The intention is to manufacture world-class products from India to meet the needs of consumers globally at an affordable price. Indian organizations are gearing up to meet this challenge. Multinationals are also interested in leveraging the conducive business environment for meeting the expectation of their global customers by manufacturing or sourcing from Indian sub-continent.
In this context, The Institute of Cost Accountants of India has conducted National Cost Convention 2016 at Vigyan Bhawan, New Delhi on 30th and 31st January with the theme Building Cost Competitiveness – Mission “Make in India” to deliberate and discuss wide range of issues related to accomplishing manufacturing excellence through cost competitiveness which is utmost important for making “Make in India” mission successful.
The convention was inaugurated with the gracious presence of Hon’ble finance minister of India Shri Arun Jaitley who shared his views on the subject by stating that “If Make in India has to succeed, we actually has to become a low-cost manufacturing hub”. Participation of dignitaries from various fields and eminent CMA professionals made the convention a grand success.