FUTURE OF INDUSTRIALIZED

INDIA&

ENGINEERS

-by Bitan Dolai

WHY INDUSTRY?

OUR POSITION 4th largest steel producer 2nd largest in textile industry 10th largest in the world in Factory

Output. 6th largest in chemical industry 8th largest in petrochemical industry

10th largest importer

INDIA’S ECONOMY

• Growth Rate: 8.2% of GDP (2012-2013)

• 9% projected by 2020

INDIA’s POPULATION

• 1.22 Billion• Growth rate:

1.58%

DECISIONS TAKEN

VISION 2020

UNION BUDGET 2014-15

Cntd…

Housing loan rebate to raised from Rs 1.5 lakh to Rs 2 lakh.

Tax exemption limit changed from Rs 2.0 to Rs 2.5 lakh

National Industrial Corridor to be set up.

100 smart cities to be set up.

For senior citizens, no tax for income up to Rs 3 lakh per annum.

BUDGET 2014-15 CONT……

FDI in defence sector to be increased to 49%

FDI in insurance to be increased to 49%

OPPORTUNITY FOR

ENGINEERS

ROLE OF ENGINEERS DUE TO INDUSTRIALIZATION

The role of Industrial Engineer is to identify and implement improvements to processes by analyzing current processes and utilizing established improvement methodologies to maximize the efficiency of equipment and personnel and to support company improvement initiatives.

PROMOTING THE FUTURELeading role in improving process efficiency in manufacturing facilities, and analyzes and specifies integrated components of people, machines, and facilities to create efficient and effective systems that produce to the highest performance and quality. And the key roles of the position are as below:

1)Plans utilization of facilities, equipment, materials, and personnel to improve efficiency of operations and establishes work measurement programs and analyzes work samples to develop standards for labor utilization

2)Studies functional statements, organization charts, and project information to determine functions and responsibilities of workers and work units and to identify areas of duplication and analyzes work force utilization, facility layout, and operational data, such as production costs, process flow charts, and production schedules, to determine efficient utilization of workers and equipment.

3)Recommends methods for improving worker efficiency and reducing waste of materials and utilities, such as restructuring job duties, reorganizing work flow, relocating work stations and equipment, and purchase of equipment.

4)Confers with management and production engineering staff to implement plans and recommendations.

5)Estimate production cost and effect of product design changes for management review, action, and control.

THANK YOU