New Delhi [India], October 5 (ANI): India might want to match and finally surpass world manufacturing benchmarks set by international locations like Japan, South Korea and China to safe a bigger share of world manufacturing, mentioned Venu Srinivasan,Chairman IFQM; Chairman Emeritus, TVS Motor Company, including that constructing globally trusted Indian merchandise stays an “important challenge” for the nation.
Addressing the annual IFQM (Indian Foundation for Quality Management) Symposium 2026, Srinivasan mentioned India has causes to be assured about its progress, with a number of home firms already attaining worldwide requirements of high quality.
“Today, India has every reason to be confident that we can progress. There are many ways we can see it in our daily lives in companies that have achieved international standards of quality,” he mentioned.
However, Srinivasan burdened that India nonetheless has appreciable floor to cowl to compete with main world manufacturing economies. “We have a long, long way to go because we have benchmarks in the world from Korea, China, Japan that we have to meet and exceed if you want a fair share of global manufacturing and products and services to come to India,” he mentioned.
He additional famous that India’s ambition of turning into a developed financial system by 2047 can’t be constructed solely on value competitiveness and would require better emphasis on “innovation, product, design.”
He recognized high quality and belief as important to strengthening India’s place in world markets, stressing that the nation ought to goal to make its merchandise synonymous with high quality.
“The Germans stood for quality…came Japan, Korea, China, and India has to very soon get on that bandwagon where you can buy an Indian product because it’s a trusted product,” he mentioned, stressing “This is the most important challenge for us.”
Srinivasan additionally burdened that enhancing high quality is a steady course of as firms, merchandise, processes and providers are continually overtaken by newer waves of growth. “We have seen how companies have come in waves, products, processes, services, and have been overtaken by the next wave. So, we need to understand that this is a continuous process of speaking and process organizing,” he famous.
Tata Sons Executive Chairman Natarajan Chandrasekaran additionally addressed the occasion, nevertheless, he declined to work together with media. (ANI)