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Home Industry

India Inc Charts Bold Roadmap for Global Manufacturing Leadership by 2047 at the The 33rd CII Excellence Summit 2025

by NS
November 19, 2025
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Mr Venu Srinivasan, Chairman Emeritus of TVS Motor Company receiving the Quality Ratna Award from Soumitra Bhattacharya, Chairman, CII Institute of Quality as Sanjay Garg, IAS, Director General of the Bureau of Indian Standards (BIS); Tarun Sharma, Deputy Managing Director of Export-Import Bank of India; L Krishnan, Managing Director, Taegutec India Pvt Ltd. & Neil Castelino, Chief, Cii Institute of Quality.

 Bengaluru – The 33rd CII Excellence Summit 2025 marked a defining moment for India’s industrial future as visionary leaders and policymakers converged to chart an ambitious roadmap for transforming India into a developed Nation by 2047 through quality excellence, innovation, and inclusive growth. Mr. Venu Srinivasan,Chairman  Emeritus of TVS Motor Company, was chosen for the prestigious CII Quality Ratna Award 2025.

The Summit, organised by the CII Institute of Quality (CII), brought together over 1,000 quality champions and business leaders committed to elevating Indian manufacturing from 3% to around 25% of global output while creating around 100 million jobs and establishing India among the world’s top three manufacturing hubs.

Welcoming participants, Mr R Mukundan, President Designate of CII and MD & CEO of Tata Chemicals Limited, said that the call for 2047 is a call for action for every citizen, entrepreneur, and policymaker to join hands for manufacturing excellence and sustainable development.

While setting the theme for CII Excellence Summit 2025, Mr. Soumitra Bhattacharya, Chairman, CII Institute of Quality said “to achieve the “Viksit Bharat 2047” goal, the manufacturing sector must increase its contribution to the national GDP to at least 25% from its current level of around 15-17%. This requires an annual growth rate of approximately 15% for the manufacturing sector. Achieving manufacturing excellence involves a holistic strategy focused on continuous improvement, and high performance in quality, cost, speed, and safety. Establishing clear objectives, empowering employees, optimizing processes through methods like Lean Manufacturing, and leveraging technology for data-driven decision-making will be the key.”

Quality is not just a technical requirement; it is a national priority and the key determinant of how our industry is perceived globally, said Mr Sanjay Garg, IAS, Director General of the Bureau of Indian Standards (BIS), echoing the Prime Minister’s call for Zero Defect, Zero Effect manufacturing. “From the government perspective, quality is not just a technical requirement; it is a national priority, a strategic necessity, and a key determinant of how our industry is perceived on the global stage,” Mr Sanjay Garg added.

The Summit announced Mr Venu Srinivasan, Chairman Emeritus of TVS Motor Company, as the recipient of the prestigious CII Quality Ratna Award 2025. Accepting the honour, Mr Srinivasan shared that quality begins with trust. “Technology and social aspirations are driving new products and services. Designs should be led by the customers, a deep understanding of customer requirements is necessary before you design a product or a service. Trust with employees comes first as employees take care of customers. Provide value in every product or service that you offer, living by values, and serve the customer to ensure lifetime service,” said Venu Srinivasan.

Mr Tarun Sharma, Deputy Managing Director of Export-Import Bank of India, presented critical insights: India moved from 81st position in the Global Innovation Index in 2015 to 38th in 2025, charting significant progress, but enormous headroom remains. He emphasised that India’s R&D spending at 0.64% of GDP lags far behind as compared to Israel (6%), South Korea (5.25%), and China (2.6%). If we resist adoption of AI, digital twins, and robotics, we could lose around $270 billion by 2030 and around $1trillion by 2047.

“We are looking at 25 sectors and 5 clusters: pharma, auto, electronics, electrical, petrochemical, textiles, and others. The key enablers are innovation technology, artificial intelligence, digital twins, robotics, automation, and advanced materials. The point is that if we resist adoption, we could lose about USD 270 billion by 2030 and USD 1 trillion by 2047 if we don’t follow through on these initiatives,” added Tarun Sharma.

Mr Sanjay Garg, IAS, Director General, Bureau of Indian Standards (BIS), highlighted BIS’s transformation: “We have published over 24,000 standards that are now strategic national instruments aligned with sustainability and digital transformation. He urged industry to treat standardisation as strategic investment. India’s ability to emerge as a standard-maker, not merely a standard-taker, depends on the participation of all concerned stakeholders”.

“Quality is not just a technical requirement. It is a national priority, a strategic necessity, and the key determinant of how India is perceived on the global stage,” said Mr Sanjay Garg, echoing the Prime Minister’s clarion call for Zero Defect, Zero Effect manufacturing.

The message is clear: Quality is the bridge between aspiration and achievement. The transformation from ‘Make in India’ to ‘Make for the World’ has begun.

NS

NS

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