Page 30 - Coal Quality Testing

Quality India

S es s i o n 1 • Industries nowadays are facing huge
challenges from innovation driven countries
Panel Discussion and government support in investing

on “Enablers for in R&D facilities is required for boosting
exports from Indian Industries
Competitiveness,
Innovation & Quality in • Given the steps being taken by the
government in recent times, it can be
Manufacturing” deduced that government is clear about
building an innovation ecosystem in the
The Session was chaired by Dr. Satya country. Talking about RBI, it has very few
Ranjan Acharya, Associate Senior Faculty, levers in its hands such as the interest rates
Entrepreneurship Development Institute of India and subsidiary decisions regarding amount
(EDII). The key speakers of the Session were Mr. of liquidity that a bank must maintain the
Anupam Jalote, CEO, International Centre for biggest being the interest rates through
Entrepreneurship and Technology (iCreate); Mr. which it can accelerate or decelerate the
Rajkumar Jagyasi, Chief Operating Officer (COO); economy. Similarly, if a government wants
Milacron and Mr. Nikunj Thakkar, Co-founder, to promote innovation in the country the
DataOne Innovation Labs & Shoppr.ai. simplest lever it has is to incentivise the
outcomes

• Incentivising those companies who induct
Some of the key discussion areas of the
Session were: tech innovation in their mainstream by
giving tax breaks can be one way the
• The new business units that are coming government might adopt to effectively
up are more focused on aspects such intervene in the innovation dimension of
as architectural restructuring where the the industry
system by design is smart enough and all
the areas are designed in a way that they
are interconnected to each other and this is
how Industry 4.0 has come into the picture
where it is all about digital conversions
between the systems and the biological
world

• If industry is open to collaborating with
start-ups with openness to try new ideas,
conducting pilot tests, proof of concepts,
etc. it would be a big step in boosting
innovation-based manufacturing in the
| Oc t ober - Dec ember 2 0 19 in providing common facilities in the Left to Right: Mr. Rajkumar Jagyasi, Chief Operating
country

Government can play an important role
•
internal manufacturing systems in terms
Officer (COO), Milacron; Dr. Satya Ranjan Acharya,
of R&D, quality assurance, measurement
Associate Senior Faculty, Entrepreneurship
equipment, waste management control
Development Institute Of India (EDII); Mr. Anupam
systems. This will ensure minimization of
Jalote, CEO, International Centre for Entrepreneurship
capex required by the industry and would
and Technology (iCreate) and Mr. Nikunj Thakkar, Co-

30 improve their profitability founder, DataOne Innovation Labs & Shoppr.ai