Kamal Bali, Managing Director and Chairman of Volvo Group India, has talked about increasing the contribution to India’s GDP. He said that at present this sector contributes only 15-16 percent to the GDP, which is very important to increase it to 25 percent.
Volvo India (Courtesy: Social Media)
New Delhi Kamal Bali, Managing Director and Chairman of Volvo Group India, has said a big thing about the manufacturing sector in an event on Tuesday. He has described this sector as a hindrance in the path of developed India. The manufacturing sector may prove to be a weak link in achieving the goal of Developed India. To overcome this, there is a need to increase its contribution in the country’s GDP to about 25 percent.
Kamal Bali said in a seminar organized by the Indian Quality Management Foundation that the country needs to focus on quality and capitalize on the $3 trillion manufacturing opportunity from its neighbor to other geographical areas. He said, “If we have to become a developed India, then clearly the manufacturing sector will have to work at its full capacity. At present the manufacturing sector is our weak link.”
change is necessary
He said that for the last 20-25 years, the manufacturing sector has remained at the level of 15-16 percent of India’s gross domestic product (GDP). Bali said, “Successive governments and various leaders have tried but the needle of this sector has not moved much. Therefore, there must be a change in this.”
So much contribution to GDP
Giving examples of countries like Germany, South Korea and China, he said, “Most of these countries have been progressing through manufacturing for 40 to 50 years.” India will also be no different from this. Therefore, the manufacturing sector will have to be increased to 25 percent of GDP.”
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a kind of challenge
However, Bali admitted that this would be a big step and it is also a challenge in a way. He has said, “For this, the perception of Brand India has to change and this perception can change only with a change in mindset on quality.”
This year’s increased prices
Let us tell you that Volvo India had increased the prices of conventional engine vehicles by 2 percent earlier this year. However, the company did not make any change in the prices of electric vehicles. Volvo Car India sells XC60, S90, XC90 cars. Apart from this, the electric car also sells XC40 Recharge and C40 Recharge.
(with agency input)
