Here is a fact to start with – While China's GDP is 3.8 times larger than India's, its production of machine tools, the 'mother industry' of manufacturing, is 55 times more! Clearly Indian manufacturing has failed to be an engine of growth.
On February 21, 2011 we had Prof. R. R. K. Sharma from IIT Kanpur amongst us to talk about various manufacturing strategies implemented by world’s leading manufactures. Prof. Sharma started with comparing the strategies adopted by US and Japanese firms. Several other concepts like Shop within a Shop (SWS), Plant within a Plant (PWP), Management by exception, etc. were discussed during the one and a half hour session