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Government in consultation with industry to explore the extension of FAME, or prolonging its benefits: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries  

Jul 07, 2023

Efficient Maintenance Systems Key to Sustainable Industrial Growth: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries 

1st FICCI Awards for Excellence in Maintenance Systems recognising Indian industry’s good maintenance conferred to 11 companies spanning Manufacturing, Construction, Power & Mining

New Delhi, July 7, 2023: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth. 

"Maintenance is what drives customer satisfaction. We are working for customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working," said Dr Qureshi. 

Dr Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. The ministry is in consultation with industry on this, he added. 

On occasion, Mr Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS), alluded to the importance of standards and digitalisation in achieving sustainable industrial growth and maintenance. 

"In line with our honourable Prime Minister's call for speed, skill, and scale, we are adding the fourth 'S' for standardisation," Mr Sharma remarked. "Standards play an integral role in the growth and development of a nation." 

Standards define the quality of goods and services, ensuring their safety, performance, reliability, and durability. However, their role is expanding from simply guaranteeing 'viable quality' to promoting 'virtuous quality', considering aspects like environmental sustainability and support for the circular economy. 

With the rise of these emerging technologies, Sharma highlighted the importance of aligning our standards to match. He mentioned the prospects of digital calibration certificates, digital conformity assessments, and digital product passport. "Our standards must keep pace to enable these emerging technologies to benefit society." 

The BIS is closely monitoring international developments, committed to providing state-of-the-art smart standards for India. Sharma concluded with two fundamental questions: "Are we doing the things right, or are we doing the right things? Standards can help answer these questions." 

Mr Shyam Bang, Chairman of FICCI's Manufacturing Excellence Taskforce and former Chairman of NABCB, spotlighted the importance of several factors in achieving manufacturing excellence, including maintenance, an element often undervalued in boardroom discussions. He stressed maintenance's crucial role in enabling the uninterrupted production of quality products. 

Maintenance activities like preventive maintenance, calibration of equipment, corrosion monitoring, and training of engineers and technicians are crucial for an organisation's efficiency and longevity. Bang noted the importance of recognising the efforts of the maintenance teams, which were often overlooked despite their significant contribution. "We started the FICCI Awards for Excellence in Maintenance Systems to acknowledge their efforts," Bang said. 

In his vote of thanks, Mr V Sridhar, Chairman of the FICCI Working Group on Plant Maintenance, cast a new light on the traditionally underappreciated realm of maintenance operations. He highlighted its untapped potential in driving sustainable industrial growth. "Efficient maintenance systems extend beyond mere repairs and upkeep," he stated, emphasising that these systems incorporate proactive strategies, technological integration, and a comprehensive approach to resource optimisation. "We can minimise unexpected breakdowns, lengthen the lifespan of machinery, and optimise production processes through a well-defined system," Sridhar said. As we navigate the 21st century, the focus is shifting towards digitisation and industry 4.0 - trends already moulding the industry's future. By capitalising on technologies such as analytics, machine learning, and artificial intelligence, businesses can scrutinise historical maintenance records, equipment performance data, and other pertinent information to discern patterns, forecast failures, and fine-tune maintenance schedules. 

Ms Jyoti VIj, Additional Director General, FICCI, also spoke on occasion. She emphasised the indispensable role of maintenance in driving industrial growth and sustainability. 

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