CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: The Indian Foundation for Quality Management (IFQM) has urged the Indian industry to create an ecosystem that makes ‘Quality’ the overarching differentiator of their business. Inaugurating the first symposium organised by IFQM in Delhi, Shri Ashwini Vaishnaw, Honourable Minister for Railways, Information and Broadcasting, and Electronics & IT, said that ‘Quality’ is an important topic and can make a transformational difference in the country’s journey to ‘Viksit Bharat by 2047’.

By 2047, we can become a developed nation. Viksit Bharat means an inclusive and harmonious society that has social and digital infrastructure in place, measurable parameters like $18,000 per capita income and 30 trillion nominal GDP by 2047. Growth has been achieved by many nations in the past by many countries. It needs a strong foundation, a very carefully thought-through strategy, meticulous execution and a process of development that is beyond elections,” said Shri Ashwini Vaishnaw, Honourable Minister for Railways, Information and Broadcasting, and Electronics & IT.

He also urged that IFQM develop a few courses that government employees could undertake through the E-Gov portal – iGot Karmayogi.

The 2-day IFQM symposium is attended by more than 180 CEOs and CXOs, academicians and students, highlighting the importance of quality in business processes as India strives to become an economic powerhouse. The speakers at the event highlighted the vital aspects of quality for the Indian industry, especially the micro, small, and medium enterprises (MSME), in the country’s development.

In his opening remarks, Mr. Venu Srinivasan, Chairman IFQM and Chairman Emeritus, TVS Motor Company, highlighted that IFQM differs from a consultant model. It is more developed in the Indian Gurukul model, where the students and teachers live and learn together. “Quality begins with education and ends with education. The industry must understand that the competition now comes from other industries, not necessarily from one’s own. IFQM, through a unique model, allows its members to visit their facilities and share their journey, as well as their weaknesses and strengths. It helps build a strong leadership,” said Mr. Venu Srinivasan.

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