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Consulting firm KPMG has suggested resolving issues around coal and mining sector as “quickly as possible” to revive the manufacturing sector in India.
According to SV Sukumar, Partner and Head of Operations and Supply Chain, KPMG, the country needs to resolve issues around coal and mining sector as quickly as possible “as this is not only affecting this sector but has a cascading effect on other sectors and the whole economy.”
In a note, KPMG said that the short-, medium- and long-term focus should be on improving road, rail and port infrastructure as the industry was suffering from bottlenecks in these areas for both domestic and overseas movement.
Sukumar also said that boosting the medium and small enterprises (SME) segment in the manufacturing sector should assume greater priority as they were under severe stress for the past few years, and more so as they employ large number of people.
He noted, “In India, planning has always been the weakest link for quite some years now. Given the many unpredictable factors associated with it, planning will have to be even more robust.”
At the corporate level, the integration and visibility of the entire supply chain will call for a significant change in the way organisations manage their “planning and execution”.
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