The panel of Indian and German delegates comprised Dr VVR Mohan Reddy; Prof Boris Otto Fraunhofer Institute; Director and chairman Nasscom; Indian Manufacturing Industry Baba Kalyani; Chairman & MD Bharat Forge; Dr. Hubert Lienhard MD Vioth (President and CEO) from Germany; GV Prasad from Dr VVR Mohan Reddy Laboratory; other German delegates.
The panelists talked about India's weaknesses and its strengths and how people should come forward to contribute globally.
Prof Boris Otto said, "We need educational institution on science and technology which will add to development of industry in India, which we have found missing in India."
Adding to that, they said "Combination of ideas and skills will help take India forward for development."
Creating a culture
Prof Boris Otto said, "We need curiosity for idea which can finally contribute towards development of India. Incentive system at the local level will help boost the small scale industry."
Adding to it Mr Otto said, "Innovative ideas come from research and it should be taken into further consideration. 50 per cent of Silicon Valley Indian innovation varies from that of Indians because of different ecosystems.[Angela Merkel in India: Plane jinxed twice]
Make in India: Challenges for German companies
On Make in India Prof. Boris Otto gave example of his country's manufacturing skills and said, "India is not lagging behind any other country in terms of manufacturing; it just needs more researches, ideas, curiosity developed at institutional level. Education should be a prime concern for development of India."
"We may have excellent machines, but at the same time we need excellent people with an excellent idea to make the company as well country to move forward. For that India needs to encourage students to participate in research work."
Potential to Make in India
While comparing India in the field of technological advancement with other developing countries, Baba Kalyani said, "We are not lagging behind in terms of technology and skills. The power of technology and advancement that will certainly help Indian industry grow."
He further added, "Big innovations come from small scale industry and innovations there should be applied for further development."
Another panelist GV Prasad added, "This is first move towards digitalisation for Indian industry. We don't have tools for automobilisation and this will be a great merger between two countries to take the manufacturing and automobilisation forward."
During Indo-German Summit 2015, PM Narendra Modi said, "We are working forward to work in right direction and we are open towards global development."
"We need to provide a huge push to manufacturing which has stagnated at around 16% of the GDP for several decades in India. This percentage must reach around 25 in the short and medium term. With this in view, we have launched the Make in India initiative."
We are aware that our domestic financial resources are not sufficient for development to enhance the flow of investments we have refined 100 per cent FDI in railways, rationalised FDI policy, we have targeted NGOs for how to improve from our own resource, a professional team is set up for assets management.
We have increased validity period of Industry and Defense license for 80 years for the development of country.