Participating as the Chief Guest at the inaugural session of the "Productivity Week" celebrations at BHEL, Ramachandrapuaram, Hyderabad Metro Rail Ltd's MD N V S Reddy addressed the BHEL engineers and employees on the topic of "Lean Management for Productivity Enhancement".
Applauding BHEL's contribution as a successful public sector undertaking to Indian economy, he advised BHEL employees to further improve their productivity by adopting more effective management practices like ?Lean Management'.
N V S Reddy asserted during the lecture that the fast growing world trade in consumer goods provides an excellent export opportunity of 8 trillion dollars (Rs.496 lakh crore) for the low cost manufacturing countries and that China is cornering a major part of this.
He emphasized that India should improve its manufacturing competitiveness to stake claim at a sizeable share in this economic opportunity. He pointed out that by adopting only the best global practices in productivity, the Indian manufacturing sector can improve its performance, create 6 to 9 crores of additional jobs and contribute to 25% of the GDP.
Invoking India's success story in the service sector, the IT sector, and the ITES industry, Reddy stated that similar success can be achieved by the manufacturing industries by adopting better work culture and management practices. He cited the example of how Japanese automotive industry had successfully contributed to the revival of Japanese economy after the Second World War, and its contributions had been made possible by the adoption of Lean Management practices.
Dwelling further on Lean Management practices, Reddy explained that Lean Management primarily concentrates on elimination of wastages; optimal utilisation of resources; and improvement of production processes to add value to the final product.
"In Lean Management, the emphasis is on quality, value addition and better customer satisfaction", he explained.
BHEL Executive Directors N Ravi Chander and M K Sharma, and other senior BHEL engineers and managers participated in the programme. (INN)
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