Mumbai, Maharashtra, India
Frost & Sullivan’s Public Sector and Government Practice’s latest offering of Growth Transaction Advisory is positioned well to deliver Sustainable Growth solutions to address challenges faced by the Government and Public Sector entities across various sectors. Frost & Sullivan believes that by 2050, Governments will be fluid in nature and primarily focus on the following — a) idea generation and policy development, b) execution and implementation c) regulation, monitoring, and evaluation. The Government of tomorrow would interact with multiple stakeholders such as citizens, NGOs, media, think tanks, international organizations, watchdogs, and businesses to create an ecosystem based on information exchange for growth and sustenance of communities and businesses that will help make better decisions.
Mr. Mani James, Vice President, Public Sector & Government Practice, Frost & Sullivan, notes, “We have assisted Governments, globally, during their economic growth cycle by providing sustainable yet scalable solutions that provide impetus to their ongoing efforts and results in faster implementation and easier monitoring. We are committed to working closely with the Government of India in its efforts to build a socio-economic infrastructure, implement civic programs, monitor measures, and document progress at the grass root level by using our global expertise. This is also reflected in our recent engagements with the Central and State Government, Business Federations, and Industry.”
World over, governments are finding it difficult to respond to Mega Trends such as Rapid Urbanization, Citizen-centric Initiatives, Adaptability to Digital Transformation, Industrial Automation and Manufacturing, Introduction of New Market Segments, Economic Fluctuations, Environment and Agriculture Sustainability, Increased Colonization, Aging Population, Community Engagement, and Border Control.
The Government of India (GoI) has set in motion several schemes and initiatives that are driven by the demand to meet the country’s Strategic Growth Agenda such as Skill India, Digital India, Make in India, Swachh Bharat Mission, Atal Innovation Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission, Krishi Sinchai Yojana, Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Awas Yojana, Atal Pension Yojana, etc.
In pursuit of its growth agenda, the GoI has numerous tasks at hand including community health, rural development, development of agribusiness, increasing skilled workforce, infrastructure planning, implementation and utilization, growth of Small and Medium Enterprises (SME), development of industrial clusters, support for the Start-Up India Program, etc.
Mr. James further said, “India is uniquely positioned to take advantage of the global economic uncertainty and the GoI is focused on driving the growth agenda that has seen several strategic initiatives that take shape, as we speak,” opines Mani James.
The GoI plans to improve Brand India in a number of core sectors within the next 10 years through a slew of measures, including:
- Focus on urban development and infrastructure creating almost 100 smart cities, satellite cities, and interlinking rivers.
- Improving India’s manufacturing position under the Make in India program.
- Developing multiple industrial clusters across the country.
- Providing smart governance using the Digital India initiative.
- Skilling and employment to youth under the Skill India initiative.
- Developing flexible policies and reducing regulatory uncertainties.
- Developing alternate energy methods to feed increasing fuel requirements.
- Improving healthcare access and preventive healthcare for all its citizens.
- Undertaking agricultural reform and improving productivity.
- Building a new Brand India in the global market
“The fact that India will have over a billion plus manpower augurs well for the 5T’s for Brand India: Talent, Trade, Tradition, Tourism, and Technology. Skill India, which is underway, will ensure that the country has an edge over its neighbors and growth in the Make in India campaign will re-emphasize India’s global position,” added Mani James.
With the country aiming to be a global force to reckon with, the GoI has identified niche areas for growth and positioning. Creating world-class infrastructure for smart cities, airports, railways, roads, and ports is a top priority. This will help the Make in India initiative boost manufacturing output; the use of digital transformation and technology will be an added impetus. Industrial cluster development and modernization of infrastructure for the identified sectors will create employment. The Government’s continued focus on skilling the workforce will be a major factor to position India on the global map. With the development of policies and regulations on par with global standards, India is all set to tackle the Mega Trends and be future ready.
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Frost & Sullivan, using its global consulting and advisory platform, has been working with governments and public sector entities, globally, on a number of areas. The growth transaction advisory’s end-to-end solutions include infrastructure planning, feasibility assessments, economic modeling, industry roadmap, investment promotion, industry stakeholder identification, manpower development, organisational transformation, investment and trade promotion, policy and regulatory recommendations, and stakeholder surveys.[gt_heading id=”gt-heading-971″ tag=”h1″ type=”double-separator” text_align=”left” icon=”” separator_color=”” font_size=”21″ font_color=”” font_weight=”900″ css=””]About Frost & Sullivan[/gt_heading]
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