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AKSH 04: SCMHRD, Nashik
2-Day National Seminar on The major demographic shifts in working age population tend to impact India favourably. At present 44% of population are less than 19 years, and the estimated literacy rate for this segment is over 75%. Working population (19-60 years of age) will increase from 485 million to 615 million by 2010. This would be complemented by an educational base of 21 million professionals by 2010. On the contrary, 75% of the present working population of US economy would retire by 2007. To support such an eventuality, reports suggest that US would be in a position to fill in only 35% of vacant jobs. As a result there would be more number of Non American Professionals working in US Corporations or US based Multinational Enterprises. Reports suggest that India being what it is would get a major chunk of H1B visas by 2007. This would mean a perpetual brain drain. With such an imminent scenario, the emergence of Indian Multinational Corporations is a big question. Sustaining India's current growth would require the manufacturing sector to grow, not only for generating large-scale employment for the rural workforce, but also to provide the service industry with the much needed scale of operations. Hence the perspective of manufacturing sector being the platform that would take India to the next level of world business domination is not far from the realms of reality. India has emerged as the lowest cost producer of Quality Steel. With huge investments by SAIL and Tata Steel exceeding 20,000 crores for expansion plans in the pipeline, the manufacturing sector would witness a great turn-around. In addition the Golden Quadrilateral Project of 58,000 crores is the largest ongoing infrastructure project in the world. This would not only provide the much-needed world-class infrastructure for India but also facilitate future investments in India. Further Bharat Forge has become the largest and most profitable producer of forgings in the world. Tata Motors and Mahindra & Mahindra have rewritten global perception of India by proving that an Indian car could meet the needs of global customers. Sundaram Fasteners have become the lifelong supplier to General Motors. Essel Propack has become the world's largest producer of packaging tubes. Four Indian companies have made it to the fortune 500 list.
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