Indian Manufacturing In Deep Trench, Need Heavy Lift – Excl

November11, 2014 (C) Ravinder Singh ravinderinvent@gmail.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
5. OUTSTANDING
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,
Transportation,
Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s