‘R&D key to manufacturing growth’

Innovation and research and development have a vital role in enhancing India’s manufacturing capabilities and competitiveness, said Kalpana Awasthi, Director-General, National Productivity Council, at the 7th edition of Manufacturing Innovation Conclave here recently. Highlighting the role of innovation in the manufacturing sector, Kishore Jayaraman, President, Rolls-Royce India, said: “For India to pursue manufacturing growth, it requires a shift from cost-based competition to an approach based on value creation.”