628
2664967583011959117176
Industrial697758301194196150204252288322349403430
Products11527583011972107161215269320355403
Finder,158075830119679414920325629118717585011725
Annual19217585011766120174229282305
201922517585011771129184241
COVER546361017894190271357455
STORY1039361017887161256355431
abroad496826011454108142196250304
into82882601142376101155
the101182601142477126
country116582601144397149202226260302
has1495826011452107145
always166882601145477143197239278
been496939011454103152205
the72993901142577126
highest88393901145376130183232271295
in120793901142375
the131093901142578127
world.1465939011466120153176230258
Aditya1751939011460114137162203258
Vikram496105101145578125158212293
Birla,817105101145376110133187215
Ratan10601051011451105129183236
Tata,1324105101144891116170198
Narayana15501051011474128161215257311364418
Murthy4961163011480132165190242284
and8081163011454107162
Azim9981163011459100123203
Premji1230116301144879128209232255
and15131163011454107161
others1702116301145479132181214253
have4961276011453107150198
laid722127601142378101155
a9051276011454
path9871276011454108133186
of1201127601145481
investing1310127601142376119168207231254307361
in1699127601142376
foreign496138801142782115164187241294
shores,818138801143991146179228266294
which11401388011466119142185238
benefited14061388011454103156205232255280328383
Indian496150001142578132155209262
companies,786150001144397177231286338361410449477
in1291150001142376
terms1395150001142573107187226
of1649150001145481
learning496161201142372126159212235288342
about8661612011454109163215239
global1133161201145578132186240263
work14241612011466120153200
methods,16521612011481129154207261315354382
standards,496172501143963117170225279312366405433
markets9571725011481135168215264288327
and13121725011454107161
competition.1501172501144397178232281305328353376430483511
This4961837011448101124163
is687183701142361
an7761837011455107
ongoing9111837011455107162216239292346
exercise1285183701144990139172215238276325
and16381837011454107162
is1828183701142361
a19171837011454
significant496194901143962116169192219242285339392416
part9411949011454108141166
of1135194901145481
Indian1244194901142578132155209262
industrial1534194901142376131183221246279302356379
activity496206201145497121144187210234276
in800206201142376
all904206201145477100
sectors.1032206201143988130155209242281309
Stage496228601145589151214272
67982286011459
Stage496239801144973127182231
67552398011456
of839239801145481
industrial948239801142376130182221246279302356379
development13552398011454103146195218272326407456508533
started496251101143963117151175224278
off802251101145582109
sometime939251101143993174223247270351400
in1367251101142376
1988,14712511011456112168224252
when17512511011466118167220
the496262301142578126
Malcolm6502623011480134157200254277357
Baldrige10352623011454108131185218241296345
Model14082623011479133188236259
for1695262301142882115
business4962735011454106145168221270308347
excellence871273501144990133181204227276329372421
(BE)1320273501142780130157
was15052735011466120159
revealed1692273501143382124173227250299353
in496284801142376
America.6002848011459140189222245288342370
Since998284801144972125167216
then,1242284801142578126179207
using1477284801145291114167221
TQM17262848011448131211
and4962960011454107161
BE,6852960011454103133
many8462960011481135188229
American11032960011460140189222245288342395
and15262960011454107161
other1715296001145579132181214
global496307201145477131186240263
companies787307201144296177231285338361410449
have12643072011453107149198
become14903072011455103146200281330
highly496318401145376130183206248
competitive,772318401144397177231280305328353376418467495
sustainable1295318401143991129154208231284338392415464
and17873184011454107161
address4963297011454108163196245284322
the846329701142578127
Triple100132970114487295149172221
Bottom12503297011453107132156211291
Line1569329701144366119168
requirements.496340901143382137188211245294374423476501539567
Indian1091340901142477132155209262
companies1381340901144296176231285338361409448
have18573409011452107149198
also496352101145477116170
adopted6943521011454108162217241290344
these1066352101142578127165214
methods13083521011481130154207261316354
now16903521011453107173
in1891352101142376
some496363401143993173222
measure,7463634011481130184222274308356384
although1158363401145577102155209261315368
the1554363401142578127
coverage496374601144397139188222276330379
and9033746011454107161
intensity1092374601142376101149202241264289330
leave1450374601142372126169218
a16963746011454
lot1778374601142377102
to1908374601142478
be4963858011454103
desired.6273858011455103142165198247302330
Only9853858011482135158200
some1213385801143993173222
of1463385801145482
the1573385801142477126
larger1727385801142377110165214247
Indian496397001142578132155209262
business7863970011454106145168221270308347
groups,1161397001145488142194248287315
and15043970011454107161
some1693397001143993173222
smaller4964083011439119173196219268301
ones,8254083011455107156195223
with1076408301146689113166
the1270408301142578127
help14254083011453101124179
of1632408301145481
organisations496419501145487142196249272310364389412466519558
like108241950114234692141
the1251419501142578127
CII,1406419501146993118146
are1580419501145487136
using1744419501145291114167221
these496430701142578126165214
methods.7384307011480129154207261315354382
Many11484307011480134186228
B14044307011454
School1486430701144991144198252275
students496442001143963115170218271296335
and8594420011454107161
many10484420011481135187229
employees13054420011449130184207261303352401439
in1772442001142376
companies496453201144397177232286339362410449
are973453201145487136
largely1137453201142377111165214237279
ignorant1444453201142377130184217271324349
of1821453201145481
these,496464401142578126165214242
which7664644011466119142184237
does10314644011454109157196
not12554644011453107132
bode14154644011454108162211
well16544644011466115138161
for1843464401142781115
the496475701142578126
industry.650475701142376131183221246279321341
BE10194757011453103
is1150475701142361
a12394757011454
holistic13224757011452106129152191216239281
approach16314757011454109163197251305347400
to496486901142579
business,6034869011454106145168221269308347375
and,10064869011454107161189
along1223486901145477131184238
with1489486901146689114167
the1684486901142477126
balanced4964981011454108131185238281330384
score908498101143982136169218
cards1154498101144297130184223
methodology,14054981011480129154207261315369392446501542562
has4965093011453107146
helped6705093011453101124179228282
companies980509301144397177231285338361410449
to1457509301142479
achieve1564509301145496149172221264312
growth496520601145488142207232285
with809520601146689113166
sustainability.1003520601143991130154208231284338392415438461486528548
Stage496543001145589151214272
77985430011459
Stage496554301144973127182231
7is755554301145679117
threatening900554301142578111160214239288340363416471
to1399554301142478
dawn.15055543011455109174227255
As1788554301146098
of1914554301145582
now,4965655011453107173194
it718565501142347
still79356550114396487110133
remains954565501143382162216239292331
in1313565501142376
its141756550114234886
infancy.1531565501142376104158210253295315
This18745655011448101124163
is496576701142362
the586576701142477126
world7405767011466120153176231
of999576701145481
IoT,1108576701142579127143
digitisation1279576701145477131154179202241295319342396449
and17565767011454107162
digitalisation,496587901145477132155179233256279318372397420474526555
AI1079587901145984
and11915879011454107161
data13805879011454108133187
analytics15955879011454107161184226250273316355
–21972735011448
all2273273501145477100
culminating2401273501144294117198221274328352375428482
into2912273501142375100154
Industry3094273501142578132184223247281322
4.0.3444273501145684141169
This21972847011448101124163
could2388284701144296148171226
be26422847011454103
the2773284701142578126
future,2927284701142880104156190239267
but,32222847011454106131159
as3409284701145492
of3529284701145482
now,21972960011453107173194
things2419296001142477100153208246
are2693296001145488136
in2857296001142376
their2961296001142578127150183
infancy.3172296001142376104158210253295315
While23103072011487140163186234
Indian2572307201142578132155209262
industry2862307201142376131183221246279321
jumped3211307201142375156210259313
from3552307201142861115195
Stage2197318401144973128182231
124563184011456
to2540318401142478
Stage2646318401144974128182231
5,2905318401145684
and30173184011454107162
is3207318401142361
now32963184011453107173
on34973184011454107
to3632318401142579
Stage2197329601144973127182231
6,2456329601145684
it2568329601142347
is2643329601142362
yet2733329601144291115
to2876329601142579
fully2983329601142779102125167
appreciate31783296011454109163196245288311365389438
and21973409011454107161
absorb23863409011454109147201235289
the2703340901142578127
benefits28583409011454103156204232255280318
of3204340901145482
the3314340901142477126
new34683409011453102168
work21973521011466120153200
standards,2425352101143963117170225279312366405433
which28863521011466119142184237
global3151352101145578132186240263
companies2197363301144397177232286339362410449
are2674363301145487136
adopting28383633011454109163217242265318372
to3238363301142579
do33453633011454108
business21973746011454106145168221270308347
across2572374601145497130184223261
country2861374601144397149202227260302
lines.319137460114234699147186214
India3433374601142578132155209
is3670374601142362
uniquely21973858011452105128182234283306348
poised25733858011454108131170219273
to2874385801142579
adopt29813858011454108162217241
Stage3250385801144974128182231
7,3509385801145684
in3621385801142376
view2197397001144366114180
of2405397001145482
the2515397001142477126
‘knowledge2669397001142877130184250273321376430479
bank’31763970011454108161208239
of3443397001145582
highly2197408201145376130183206248
educated24734082011449103155198252276325380
and28814082011454107161
trained3070408201142558112135188237291
IT3389408201142573
personnel,21974195011454103137175229282335384407435
with2660419501146689113166
vast2854419501144397136160
global3042419501145477132186240263
experience.2197430701144990144193226249298351394443471
Coupled26964307011469123175229252301355
with3079430701146689114166
a32734307011455
slew3356430701143861110176
of3560430701145481
government21974419011454108151200233286367415468493
interventions2718441901142376100149183225274327352375429482520
to3266441901142579
remove3373441901143382163217259308
more21974532011481135168217
shackles2442453201143891145188235258307345
and28154532011455107162
make30054532011480134181230
the3263453201142578126
country3418453201144296148201226259301
business21974644011454106145168221270308347
friendly,257246440114286184133186240263305325
with2925464401146588113166
good31194644011454108162217
ease33644644011449103141190
of3582464401145482
business21974756011454106145168221270308347
atmosphere,2572475601145479159213252306359408441490518
the3118475601142578127
growth3273475601145487141207232285
is3586475601142361
bound21974869011454108160213268
to2493486901142478
be25994869011455104
very2731486901144291124166
high2925486901145376130183
in3136486901142376
the3240486901142578127
coming3395486901144296177200253307
years.2197498101144291145178217245
I24704981011424
expect2522498101144990145194236261
that2811498101142477131156
the2995498101142578126
Indian3149498101142578132155209262
industry2197509301142376130182221245279321
will2546509301146588111134
adopt27085093011454109163217242
the2978509301142477126
‘softer’3132509301142867121148173222255287
aspects3447509301145493147196239263302
of2197520501145482
Industry2307520501142477131183222247280322
4.02657520501145684140
easily.28255205011449103142165188229249
This31025205011448101124163
includes3293520501142376118141193248297335
AI,2197531801145984112
programming,2337531801145488142196229283364445468520575601
internet2966531801142376101149183236284309
applications21975430011454108163186209251305330353407460499
and27245430011454107161
usage,2913543001145291145199248276
data32175430011454108133187
analytics,21975542011454107161184226250273316355383
machine26085542011480134177230253306355
learning2991554201142372126159212235288342
and33615542011454107161
digitisation.2197565501145477132155179202241295319342397449477
However,27035655011468122188237279328362380
I31115655011425
expect3164565501144990144193236260
that3452565501142578132156
building21975767011454106129152207230283337
plants2562576701145477131184209247
like283757670114234693142
what30075767011466119173197
Mercedes32325767011480129162205254308357396
Benz,21975879011453102155196224
BMW,24495879011454133220236
Volkswagen27135879011455104127174213278332387436488
and32295879011455107162
other3419587901145479131180214
auto38982735011454106131185
companies4111273501144296177231285338361410449
have45882735011453107149198
already4814273501145477111160214268310
done51522735011454108161210
is5390273501142362
still389828470114396386109132
way40582847011466120162
off.4248284701145481109134
We44102847011486130
need45682847011453102150205
to4801284701142479
develop49082847011454103145194217271326
engineering38982959011449102156179232281329363386439493
skills,4419295901143985108131154193221
technical4668295901142574116169222245288342365
expertise5061295901144890144193226251274312361
to3898307201142579
operate40053072011454108157190244269318
such4351307201143991133186
highly4565307201145376130183206248
automated48413072011454106131185265319344393447
plants,3898318401145477131184209248276
as4202318401145492
well43223184011466115138161
as4511318401145493
designing46323184011454103142165219272295348402
them.5062318401142477126207235
If5325318401142452
one38983296011454107156
were40823296011466114148197
to4307329601142478
see4413329601143988137
the4578329601142477126
working47323296011466120153200223276330
of5090329601145482
a52003296011454
distribution3898340801145477116141174197251303328351405458
centre4384340801144291144169202251
system4663340801143981119144193273
or4964340801145488
the5080340801142477126
never-ending,38983521011453102144193227258309362416439492546572
fully4498352101142880103126168
automated46943521011454106130184265319344392447
conveyors3898363301144397150192241283337370409
for4335363301142782115
sorting4478363301143993126151174226281
being47873633011454103126179233
used5048363301145291140194
by5270363301145496
Walmart38983745011487136159239293327351
and42773745011454107162
Fedex,4467374501144895149198239267
Indian4762374501142578132155209262
plant5052374501145578132185209
designers38983858011454103142165219272321354393
are4319385801145487136
quite44833858011454106129154203
far4714385801142781115
away48573858011454120174215
from5100385801142861115196
developing38983970011454103146195218272326349402456
such4382397001143991134186
systems,4596397001143981120144193274312340
and49643970011454107162
it5154397001142347
will5229397001146689112135
take3898408201142579125174
them4100408201142578127207
many43354082011481135188230
years,4593408201144190144178216244
if4865408201142351
at4944408201145479
all,5051408201145477100128
to5207408201142478
do53134082011455109
so.3898419401143993121
On40474194011482135
this4210419401142578101140
front,4378419401142760114167192220
I46264194011425
think4679419401142477100153200
we49074194011466115
will5050419401146588111134
continue3898430701144397150174197250302351
to4277430701142579
depend43844307011454103157206259313
on47254307011454107
plant4860430701145578132185209
designers38984419011454103142165219272321354393
and43194419011454107161
builders45084419011455107129152207256289328
from4864441901142761115195
abroad,50874419011454109142196250304332
but,38984531011454106131159
we40854531011466115
will4228453101146588111134
write4390453101146699122147196
the4614453101142477126
softwares4768453101143993120145211265298347386
which51824531011465118141184237
run3898464401143385138
these4064464401142578127165214
plants.4306464401145477132184209248276
Hence,40114756011469117170213262290
the4329475601142477126
strategy448347560114396497151176224279320
to4831475601142579
be49384756011454103
adopted50694756011454109163217242291345
could3898486801144397149172226
be41524868011454103
two4283486801142591145
pronged4456486801145487141194249297352
–48364868011447
capitalise4911486801144397151174199253276299338386
on53264868011454106
your3898498101144296148181
strengths410749810114396397146199253277330369
and45044981011454107161
improve46934981011423104158192246288337
on50584981011454107
your5193498101144296148181
weaknesses.38985093011466115169215268317356395443482510
India4436509301142578132155209
should4673509301143992146198221275
develop49765093011454103146195218272326
data38985205011454108133187
analytics41135205011454107161184226251273316355
capabilities,4496520501144397151205259282305328353376425463491
companies3898531701144397177232286339362410449
like437553170114234693142
Mu45455317011479131
Sigma4704531701144972126207261
are4993531701145487136
in5157531701142376
the5261531701142578126
forefront.3898543001142782115164191224279331356384
We43105430011487130
should4468543001143992146198221275
also4771543001145578116170
learn4969543001142372126159212
AI,5209543001146084112
develop38985542011454103146195218272326
apps42525542011454108163201
for4481554201142882115
IoT,4624554201142579127143
learn4795554201142372126159212
the5035554201142578126
multifarious38985654011481133156180203231285318341395447486
uses4412565401145290139178
of4618565401145481
IoT,4727565401142579127143
and48985654011454107161
machine50875654011481135178231254306355
learning3898576701142372126159212235288342
algorithms.4268576701145477132186219242267320400439467
Developing47635767011469118160209232286340363416471
superior3898587901143991145194227250304338
algorithms4264587901145477131185218241266319399438
will4730587901146689112135
be48935879011454103
a50245879011454
competitive3898599101144397177232280305328353376418467
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