By Ajay Bakshi
Leadership Coach coach
Business Coach
The current pandemic situation has created a current opportunity to enable India to leverage the opportunity with the current geopolitical focus on reducing business dependency from China and world focus on emergent and resurgent India.
This presents an opportunity not only to be economically sufficient in the manufacturing sector but to leverage our hidden potential in the arena of services, healthcare, hospitality, technology, and education sectors.
With the GDP contribution in India shifting from a primary agriculture-driven economy to a paradigm shift to the manufacturing and subsequently services sector.
While we continue to build on our strategic strengths in sectors like agriculture, manufacturing, pharmaceuticals, and technology-related services, the need to focus on infrastructure, healthcare, aviation, hospitality, BFSI, Defense, and education would be a great opportunity to leverage.
A few key pointers to lead the transformation to an Atmanirbhar Bharat:
1. Build an integrated ecosystem: This would include an integrated approach on public-private partnership focused on creating policies, infrastructure, finances & incentives MAKE, CREATE, EDUCATE and CARE in India which a focus on agriculture, manufacturing, healthcare, pharmaceuticals, hospitality, aviation, infrastructure, BFSI, Defense, and Education sectors
2. Build an efficient supply chain and infrastructure to ensure smooth flow of goods and services
3. Build skills both technical and leadership skills to drive the requisite change and growth in all sectors which include business, social, political, and education sectors
4. Allow easy access to funds to turn around the large businesses and easy funding opportunities to MSME enterprises for working capital deployment and growth
5. Focus on the education sector to build sustainability in Innovation, Skill Development, and leadership development. This is where the public-private-education trilogy would create an integrated approach
6. Promote indigenous manufacture on defense productions with the technology transfer agreement
7. Create India as a strong R&D hub for developed countries using a hub & spoke model.
8. Develop indigenous digital capability and analytics capability using work from anywhere model.
The world continues to experience the tragic turmoil under the influence of the SARS COVID-19 pandemic situation, which has been an eye-opener in various means. It has been a wake-up call from the com...