Speaking at the Indian Foundation for Quality Management (IFQM) Symposium, TVS Motor Company Chairman Emeritus Venu Srinivasan emphasized that India must aggressively close its quality gap if it wants to secure a major share of global manufacturing and establish international trust.
Key Highlights from His Address:
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Beyond Cost Competitiveness: Srinivasan noted that India’s vision of Viksit Bharat (Developed India) by 2047 cannot be built on cost advantages alone. Real growth must stem from innovation, product design, and world-class manufacturing excellence.
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Meeting Global Benchmarks: While acknowledging that several Indian companies already meet international standards, he stressed that India still has “a long, long way to go” to match and exceed the rigorous quality benchmarks set by manufacturing powerhouses like South Korea, China, and Japan.
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Building Global Trust: The ultimate goal for Indian industry must be to make “Made in India” synonymous with reliability and quality, ensuring overseas businesses and consumers actively choose Indian goods for their excellence.
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Quality as a Continuous Journey: Srinivasan reminded industry leaders that quality improvement is a perpetual process, requiring companies to constantly evolve their products, processes, and services to stay ahead of newer waves of global competition.
