Sharing a symbolic example of an auto component company in India, Shiba said, "In past 12 years, Indian manufacturing has changed drastically. In 2015, India is ready to take challenge set by new administration. New era needs new mindset."

Calling for a work-life balance, Dr Anup Pujari, secretary, Ministry of Micro, Small Medium Enterprises, Government of India said, "India is one of the few countries in the world who publish foreign exchange trade data within 10 days of the ending of the month."

Delivering his concluding remarks, Venu Srinivasan, Chairman VLFM initiatives & Past President, CII said, "The outcomes of the VLFM program over the last ten years have been impressive. Over 1800 CEOs, SMEs, and senior and middle-level managers have benefited from the program. Over 500 people have gone through the 5 modules of the senior managers course in 9 batches."

Accelerating the VLFM initiative to drive the success of Make in India campaign, Srinivasan also pointed out the goal of Happy Village, Happy Society and Happy Business.

The Village Buddha program implements holistic village transformation through a systematic approach with 91 visionary leaders from 23 companies being developed with necessary skills and qualities to engage with villages, Srinivasan said.

Under the 1000 VSME component of the VLFM program, CII is now moving to the next level where the supply chain is developed in a holistic manner. The OEM/Tier 1 program commenced in 2009 and more than 410 companies have taken part so far.

The Tier 1 and 2 course was initiated the following year, and has enfolded 374 SMEs with as many as 90 taking part in the current year, said Chandrajit Banerjee, Director General, Confederation of Indian Industry.

End