Pioneering Innovations: India's Road to Manufacturing Excellence

Innovation is crucial as India aims for developed nation status by 2047, per Bharat Forge's Baba Kalyani. Speaking at the NDTV World Summit, he urged local tech development over Western imitation. Industry leaders stress manufacturing growth, healthcare advancement, and government initiatives for economic prosperity.

Innovation within the manufacturing sector stands as a pivotal driver for India's ambition to attain developed nation status by 2047, asserted Bharat Forge Chairman and MD Baba Kalyani during his address at the NDTV World Summit.

He emphasized the necessity for indigenous technology development, asserting that India must produce innovations worthy of global emulation, rather than merely adopting Western models. According to Kalyani, the focus on novel products and robust manufacturing growth is essential to meet the nation's exponential goals.

Highlighting the benefits of technological breakthroughs, Kalyani identified AI as a means to enhance manufacturing efficiency and quality. Apollo Hospitals' MD Suneeta Reddy and DCM Shriram's Ajay Shriram echoed these sentiments, underscoring innovation in healthcare accessibility and increased industry connectivity through government initiatives like JAM Trinity.

(With inputs from agencies.)