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November - 2016 - issue > CXO Insights

Women's Contribution in 'Make in India'

Kavita Nigam, General Manager-HR, Publicity & Promotion, KARAM
Wednesday, November 16, 2016
Kavita Nigam, General Manager-HR, Publicity & Promotion, KARAM
Headquartered in Noida, KARAM is India's number one manufacturer of fall protection equipment. The entity specializes in the field of Safety Harness & Body Belts, Hooks & Karabiners, Lanyards, Anchor Point, Horizontal Lifeline, Vertical Lifeline and many more.

The status of women in the Indian society has undergone a drastic change in the past few decades. From being a mere housewife to working as a dynamic multitasking individual, women in India have been able to successfully carve out a niche for themselves and leave behind a mark in various spheres of life, including in professions that are male-dominated.

Women are now playing a crucial role in the growth of the economy and have made a substantial impact and achieved success across all sectors. However, Indian women in manufacturing account for only 20 percent of the total workforce which is relatively less compared to other countries, like China. For more women to be a part of the workforce, it is essential to promote skill development as this enhances productivity and efficiency, increasing employment opportunities and resulting in increased income.

There has been a constant increase in the percentage of women entrepreneurs in India. However, there exists a dire need of more women participation in the country. Female talent still remains one of the most underutilized resources in the country. India ranks 87 out of 144 countries on the Global Gender Index Gap, as per the report which compares the data across four parameters: Health, education, political empowerment, and economic participation and parity.

Though the women participation is increasing in every sector, the economy is losing money due to gender parity. A study conducted by McKinsey stated that India could increase its GDP by 16 percent to 60 percent just by enabling women to participate in the economy on the same footing as men. We cannot have men-only factories while an ambitious ‘Make in India’ program gets going. It is important to remember that manufacturing, in which China and Taiwan have made a mark, has an active participation by women. Under all these circumstances, there are women in India who have made a mark and continue to be world’s most powerful women entrepreneurs in various sectors.


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