SME Times is powered by   
Search News
Just in:   • Delhi-NCR trade union leaders back govt reforms, call Bharat Bandh politically motivated  • India’s manufacturing sector strengthens further in recent quarters with robust GVA growth  • Trump, Netanyahu hold talks on Iran, 'progress' in Gaza  • India reducing Russian oil buys, claims US  • Precious metals’ prices dip over dollar gains 
Last updated: 17 Oct, 2020  

Quality.9.Thmb.jpg 'Atmanirbharta can only be achieved by producing quality goods, service'

Quality.9.jpg
   Top Stories
» India’s manufacturing sector strengthens further in recent quarters with robust GVA growth
» Precious metals’ prices dip over dollar gains
» RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
» Sensex, Nifty open in red; IT index dips 3.58 pc
» RBI's 'Financial Literacy Week' to stress KYC awareness in Gujarat and UTs
SME Times News Bureau | 17 Oct, 2020

NITI Aayog member VK Saraswat emphasized that quality in the present context is getting so pronounced that if you (Industry) want to get Atmanirbharta and competitiveness, it is not just producing goods and services but producing quality goods and services which only will bring competitiveness to us.

Addressing a virtual FICCI session ' Saraswat said, "Disruptive technologies are changing the scenario of manufacturing sector in the country and quality plays an important role in that. In the past, quality was synonymous with control, compliance and cost but today it has been redefined to meet the different industrial challenges."

He further stated that we need to involve quality into company's operative management and people system. We have to build managerial capabilities to lead the culture of quality on the front line, he added.

Saraswat said that Industry 4.0 projects must be aligned with the strategies and goals of the organization. "Investments in competence, development of staff in organization must be done to understand the implications of Industry 4.0," he said.

Saraswat also said that the contribution of the services sector in the Indian economy is more as compared to the manufacturing sector.

"Even in the services sector, quality is very important. Emerging technologies and our concept of sustainability are making the relevance of Total Quality Management (TQM) imperative. Today's TQM is a flexible system with a customer centric focus which is well integrated and aligned," he said.

To make TQM more efficient, Dr Saraswat emphasized on '7 S' - Structures, Strategies, Systems, Styles, Staff, Skills and Shared values.

Referring to the growth in Industrial 4.0, he said that we should focus on Quality 4.0 as well. 'Quality 4.0 will be drive by innovation which means customers, suppliers and society are integrated with a focus on data and new emerging technologies.

This will make Industry 4.0 more proactive and provide the best products in the competitive market, he added.

He also emphasized that increased awareness about Quality 4.0 is the need of the hour and further research should be done to fully understand the long-term consequences for humans.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter