Nashik Industries Can Boost Profits Without Big Investments

A recent session organised by the Nashik Industries and Manufacturers Association (NIMA) and JDX Continuum highlighted the potential for industries in Nashik to increase productivity and profitability without requiring significant capital investments.

Six Sigma expert Ajol Shah was the key speaker at the event, which was held at NIMA House. He emphasized that better utilisation of existing resources, including machinery and manpower, can lead to substantial improvements in operational efficiency and business performance.

The session, titled More Profit, Less Cost, was attended by industrialists and managers from the manufacturing sector. NIMA President Ashish Nahar, NIMA Advisory Board Chairman Santosh Mandalecha, and other prominent figures were present at the event.

Nahar noted that increasing industrial profits does not always necessitate new machinery or major capital investments. Instead, he suggested that eliminating wastage in production, standardising work processes, and addressing the root causes of recurring problems can help industries achieve significant improvements using their existing resources.

Shah, who has over a decade of experience in the manufacturing sectors of the United States and Canada, shared practical methods to improve efficiency in Indian industries. He focused on three key principles: Do It Right, Cut the Waste, and Fix It Once.

Participants were guided on maintaining consistency in production processes, identifying and reducing daily wastage of time, money, and productivity, and finding permanent solutions to recurring operational problems by addressing their root causes.

The session received an enthusiastic response from the attendees, who were eager to learn about ways to improve their businesses without incurring significant expenses.

The event underscored the importance of optimising existing resources and streamlining processes to achieve better outcomes in the manufacturing sector.

In the context of the Indian manufacturing industry, the session's emphasis on efficiency and productivity is particularly relevant. With the government's focus on promoting Make in India and increasing the sector's contribution to the country's GDP, events like these can play a crucial role in helping industries improve their performance and competitiveness.

Overall, the session provided valuable insights and practical tips for industries in Nashik and beyond, highlighting the potential for significant improvements in productivity and profitability without requiring major investments.