CICU to develop centre for manufacturing to help local industry compete in global market

Ludhiana, August 17

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Members of the Chamber of Industrial and Commercial Undertakings (CICU) convened a meeting at Udyog Bhawan in Chandigarh with DPS Kharbanda, CEO of Invest Punjab. The meeting was held to discuss the establishment of a Common Facility Centre as a Centre of Manufacturing Excellence (Product Design & Development) - CMEPDD.

Kharbanda appreciated CICU’s initiative and gave in-principle approval for the project. CICU is moving forward to set up the Centre of Manufacturing Excellence to avail assistance through the State Mini Cluster Development Programme under the Punjab Industrial and Business Development Policy 2022. The initiative aims to enhance manufacturing capabilities and foster innovation within the industrial sector in the state.

The imperative need for the Centre of Manufacturing Excellence arises from the industry’s necessity to compete effectively in both the domestic and international markets. Countries like China, Taiwan, Indonesia, and Vietnam have excelled in rapid component development, posing a challenge to Indian industries. Through interactions with these nations, CICU members observed the pivotal role of research and development centres in expediting component and product advancements.

While research centres thrive in major Indian cities like Bengaluru, Ahmedabad, and Sonipat, Ludhiana, as a prominent manufacturing hub with numerous small and medium manufacturing units, lacks such a crucial facility. Establishing the Centre of Manufacturing Excellence in Ludhiana might bridge the gap and empower local industries to innovate, compete and thrive in the global marketplace.

Total cost of the project is Rs 4.5 crore of which Rs 3 crore will be given as subsidy by the state government. — TNS