Future of supply chain in India is bright: L&T’s Anil Parab

According to Anil Parab, supply chain management has profited greatly from the government's implementation of many production link incentives, which aim to stimulate the development of new sectors and attract the participation of international investors

L&T Whole-Time Director & Sr. EVP ( Heavy Engineering and L&T Valves), Anil Parab, thinks that the supply chain industry in India has a bright future because of the government’s efforts to develop the manufacturing sector.  According to Parab, supply chain management has benefited enormously from the government’s introduction of several production link incentives, which aim to foster the development of new sectors and attract the involvement of international investors.

The government’s PM Gati Shakti programme, which is a multi-modal connectivity initiative to provide integrated and seamless connectivity for movement of people, products, and services from one mode of transport to another, will also have a significant positive impact on supply chain management.

Edited excerpts of his interview with ET Edge Insights

On key technologies
I would say three things that come to mind first: Industry 4.0 digital solutions, digital currency blockchain, and the 5G network. All these technologies have a multiplier effect, which is revolutionising supply chain opportunities in India.

On last mile delivery
In today’s volatile and uncertain geopolitical environment, it is essential that we provide consumers with transparency and reliability, and digital plays a crucial role in this regard. Digital tools provide us with real-time information about customers, and this analysis enables us to provide superior customer service. Consequently, it generates a high level of trust and transparency.

On Sustainability
India has growth aspirations, with which come challenges. Most sustainable solutions have not stabilised, though the government has launched the Green Hydrogen Mission. I believe it will take some time, and India will have to take a balanced view. To reach our goal of carbon neutrality by 2070, it will require a calculated approach. All the stakeholders will have to play their part in it. At present, it is in a development stage in our country.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of ET Edge Insights, its management, or its members

Scroll to Top