Monday, December 06, 2021

Ministry advocates lean manufacturing formula for industry to ride out recession

To come out of recession and also to compete with the outside world,lean manufacturing is the new formula being popularised by the Ministry of Micro...

Written by Raakhi Jagga | Ludhiana |
October 5, 2009 4:48:03 am

To come out of recession and also to compete with the outside world,lean manufacturing is the new formula being popularised by the Ministry of Micro,Small and Medium Enterprises (MSME). Under this plan,the industry is being told to have inventory of only one day,they should buy the raw material in the morning and should dispatch the product of the same raw material by evening and hence they can earn more profits and can reduce their production losses by a big margin. A special programme is going to be started by MSME,to popularise this formula.

In Punjab,it will start from this month in the way of three awareness seminars. This was disclosed by Madhav Lal,development commissioner MSME while inaugurating the first international exhibition of Machine Tool Association at Research and Development(R&D) Centre in Ludhiana .

It needs to be mentioned that at the moment the industry is having inventory period ranging from 30 days to 3 months and a few are even having it upto six months as well.

Kirpal Singh,President of Ludhiana Machine Tools exhibition said,“This was a new information for our industry and the MSME department will be throwing more light on it shortly. At the moment,our delayed inventory is causing production loss and even reducing our profit margins as well. If this formula works well,our work efficiency can also improve a lot.”

MSME meanwhile will be spending on organising the entire awareness programme and industry will have to provide space for organizing seminars. To solve the skilled labour problem,it was suggested that machine tool industry should make a training and design school under the cluster programme in which the labour can be trained and later can be absorbed within their industry.

Meanwhile it needs to be mentioned that the Ministry of MSME has already approved the cluster of machine tools and at the moment a diagnostic study is being done to get the land allocated for the cluster.

The exhibition at R&D centre was a first of its kind effort by this industry in which 120 participants from India ,Germany ,Taiwan,China and Japan took part.

Kirpal Singh said that even today,Indian manufacturers imported 80% of the machines and to promote domestic industry,in-house buying should be encouraged. With this aim,the exhibition has been organized which will be made an annual affair henceforth.

Start your day the best way
with the Express Morning Briefing

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Ludhiana News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
X