Indian Manufacturing In Deep Trench, Need Heavy Lift – Excl
November11, 2014 (C) Ravinder Singh email@example.com
When General Electric is not performing as per expectations Companies
look for new CEO but in India the blame for all failures is either
Un-employability, or Corruption or Inflation or Poverty but Company
owners never admit they are under qualified and incompetent.
But what is most shocking is that in 1981 wages to workers of
Industries were 133% of profits of the owners that gradually reached
even 150% but there was gradual decline in wages as proportion to
profits of the Industries to just 22% by 2012.
Employers who make Rs.4,51,629 crore profits compared to Rs.99,856
crores wages to Industry workers never admit to their INCOMPETENCE.
Annual Survey of Industries
Table 1 : Annual Series For Principal Characteristics
(Value Figures in Rs. Lakhs, Mandays in Thousand and Others in Number)
CHARACTERISTICS 1997-98 1998-99 99-2000 2000-01 2001-02 2002-03 2003-04
LOANS 32460512 22820981 25378161 25795392 26921926 26339233 28977564
6. NUMBER OF WORKERS 7652254 6364464 6280659 6135238 5957848 6161493 6086908
11.WAGES TO WORKERS 2978167 2482648 2630427 2767074 2743824 2968905 3047777
12.TOTAL EMOLUMENTS 5237112 4462585 4784351 5071873 5105957 5515801 5833675
21.NET VALUE ADDED 16644124 14546105 15497442 14362141 14430212 17234004 20295377
28. GROSS CAPITAL FORM 8203739 7217800 6466535 6141480 7387299 6397638 7418762
29. PROFITS 5445612 4730623 4733475 3569880 3488385 6185254 9236632
There are three Levels of Factories – First Producing High-Tech
Products for World Market – India is almost Zero in this. Second level
is Products for Indian Market in this also Indian companies are very
poor performers 50% to 90% of the products are imported or carry
Sticker of Indian Brand. Third level is cheap low tech products in
which Indian Companies have dominance.
EU Companies Foreign Trade is 91% and 87% IPR dependent – India almost none.
Fact is Indian Industries don’t have any R&D capability don’t ENGAGE
BEST INDIAN ENGINEERS. Their GLOBAL IPR footprint is ZERO. Even in
BRANDING there are just three in Brand Value – State Bank, Airtel, &
Reliance WHICH ARE LOCAL BRANDS UNRECOGNISED OUTSIDE INDIA.
As per Global Wealth Report 2014 share of India in Global Wealth has
improved from 1.0% to 1.4% since 2000 but in this population growth
was 30% so per capita share growth was practically ZERO.
Median Wealth of Chinese adult is $7033 to India’s $1006 only so there
is WIDE gulf in poverty levels between two most populated countries.
Here in the Clippings of Survey of Industries during BJP rule of 6
years 1998-2004 – Industry went through EXTREME HARDSHIPS. Number of
Workers were reduced by 1.6m when GoI then claimed to have created 10m
new jobs every year.
Inventors & Engineers should run Industries not Chartered Accountants
or Traders. Industry must invest 2% of Revenue On R&D, Introduce
Strict Quality Control, Pay adequate wages to workers, Develop
Products for World Market, Sell Direct to Consumers.
Ravinder Singh, Inventor & Consultant,
INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power,
Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects.