Mohali B-school hosts conference on manufacturing

A day-long conference on 'Leveraging Enterprises through Academic Participation (LEAP) was organised by the Indian School of Business (ISB), Sector-81 on Saturday.

The conference was organised with an aim to bring together representatives from the local manufacturing industry, government officials and the academia to a common platform to discuss the challenges faced by companies, and practical solutions to overcome these challenges.

Speaking on the occasion, Karan Avtar Singh, Principal Secretary of Punjab Industry and Commerce department, discussed the issues relevant to the manufacturing sector in the state. He also highlighted the problems ailing the growth of new manufacturing units in Mohali and talked about issues in family-run businesses.

Taking the discussion further, S K Munjal, chairman of Hero Corporate Service Limited and joint MD of Hero MotoCorp said the present status of manufacturing industry lacks openness despite the liberalisation drive in the early 1990s. He also emphasized upon the need for institutionalising innovation and production processes since research-driven knowledge sharing is crucial.

Dr Ishrat Hussain, Dean and Director, Institute of Business Administration (IBA) Karachi discussed how Pakistan has failed to take advantage of its location in Asia, besides the need for both India and Pakistan to become manufacturing sector driven economies and reducing the role of government in the private sector. "A weak regulatory system characterised by procedural delays have further worsened the matters," he said.

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