Mr. Rohit Sarma, Manager, Chainalytics in an interactive session with students talked about how a lot of concepts such as GST, Internet of Things, Make in India, smart cities etc. are floating around the country and how these buzzwords are interconnected. Meanwhile, he talked about the major advances that have been occurring in the field of logistics and supply chain. In logistics, dedicated freight corridors, inland waterways, and Sagarmala project are some of the big upcoming projects. The Sagarmala is a series of projects implemented in order to leverage the country’s coastline and inland waterways to drive industrial development.The challenge for us is that port infrastructure and linkages have been declining and initiatives such as Make in India cannot take off without better port infrastructure.
He further added that over the next five years no matter which field we are in all of us will be involved in fields like the multi-modal system because this is the future. Then he discussed how freight rates are very high in India. Owing to the high cost of freight, the cost of logistics in the country also rises . It is higher than the corresponding figures for other major economies and we need to focus on improving that.
Moving ahead he conducted an activity wherein the students were divided into 4 teams and were asked to connect these terms and present their idea to the other teams. The teams had to create a successful roadmap for implementation of their solution and explain that how 10 years down the line these terms will be used.
One member of each team was asked to present the solution, and the role of a MOM (minutes of meeting) expert was assigned to one member of each team .The MOM expert was responsible for summarizing the points that each of the team presented. The presentation was followed by a group discussion and a brainstorming exercise amongst the MOM experts.
Towards the end of the session, he explained that the Make in India initiative is not only aimed at improving manufacturing but also at achieving consolidation of the agricultural sector. So it’s not just the manufacturing sector that will get affected by Make in India. The ripple effects of this initiative will be seen across all the sectors. He concluded by emphasizing that the main role of Make in India is to make India self-dependent in military procurement and development.