How Pletheonconsulting is solving the problems of Manufacturing Sector
Pletheon Consulting
We provide expert consulting services for New factory Setup, Cost Control, Quality Management, Greenfield project
More than 115 lakh manufacturing enterprises all over India command a 7.04% share in India’s GDP. India’s manufacturing industry is on rise and holds the potential to alleviate the economy out of its relative stagnancy. The ‘Make in India’ campaign launched by Prime Minister Narendra Modi provided the necessary impetus for this sector to realise its full potential. The SME and MSME are considered important pillars in the purview of Indian industries due to its promise of improving the conditions of the Indian workforce which currently lies on agriculture.
1.Absence of Money
Investor interest in the manufacturing industry has increased recently as a result of government-backed initiatives like "Made in India." Nonetheless, the industry continues to struggle to maintain itself, pay its workers fairly, or guarantee a consistent quality control of all of its output due to a severe lack of funding.
2.Absence of Marketing Know-How
The industrial industry has long avoided attention from the general public and been content to operate in the background. But in the digital marketing and internet era of today, this kind of coyness might backfire. Due to the manufacturing sector's poor public relations and marketability, few people are drawn to join it or learn more about its roles, and as a result, its popularity is low.
领英推荐
3. Insufficient Data
Due to its limited marketability, the industrial sector has not been able to share knowledge with others outside of its sphere of influence. Very few individuals are aware of the complexities and daily sacrifices made by those working in the industry to ensure that things run well for everyone else. The industry has become more exclusive and unappealing due to the lack of knowledge exchange.
4. Inability to adjust to emerging market trends
In the world we live in, items being replaced daily by new ones. Whether it's technology or operational procedures, market pressures periodically cause patterns to change. However, the Indian industrial sector lacks the bandwidth and resources needed to easily adapt to these changes.