Bangalore, October 17, 2016 /PRNewswire/ – Bharat Fritz Werner (BFW), one of Kothari Group's flagship companies and a leading manufacturer of machine tools with 55 years of presence, has announced the launch of the first edition of Manufacturing Day to be held on October 19, 2016 in Pune.

Although, manufacturing is the backbone of any economy globally, it has always played an understated role. Acknowledging the contribution of the manufacturing industry to Indian economy and to bring the large manufacturing fraternity together, this first edition of Manufacturing Day is BFW's bid to put Indian manufacturers on the global map.

India ranks among the world's 10 largest manufacturing countries and the manufacturing sector contributes 16% of the total GDP currently. There is a potential for this sector to account for 25-30 percent of the country's GDP and create up to 90 million domestic jobs by 2025.

Speaking to media in Pune, Ravi Raghavan, Managing Director & CEO, BFW said, "We are inching towards exciting yet challenging times. We have to make collaborative efforts in order to respond to the challenges faced by the industry, simultaneously, avail of the opportunities collectively. There are issues such as acquiring and retaining talent faced by the industry that need to be addressed. Greater efforts are required for us to come together and share our industry learnings, initiatives and perspectives."

With the advancement in economy, the manufacturing industry has evolved too. There is a greater requirement than before for technological enhancement, innovation, customisation flexibility and speed. Manufacturing is ubiquitous and an integral part of lives. Everything we see in our lives be it cell phones, buildings or laptops is linked with the manufacturing industry in some way. Advancements in different fields such as IT or healthcare are associated with manufacturing. Technology coupled with manufacturing will be twin growth drivers of the country.

He further added that, "PM's visionary initiative such as 'Make in India' should trickle down the industry so that everyone benefits from it. The first edition of Manufacturing Day is being held in Pune. We plan to celebrate this day every year."