Manufacturing Today - Spring 2010 - (Page 152)

COLUMN BY STACI DAVIDSON M F G TOMORROW d dv du ( u v) u + v dt dt dt y = ø(t) + A2 O FFSHORE (XY AB) ÷ √Z = C AB2 = 4π report on how to encourage U.S. manufacturing productivity and competitiveness. The NAM and CMA recommend the U.S. government: > Reduces the corporate income tax on profits earned from production in the United States to match those of the country’s major trading partners; > Makes the R&D tax credit permanent; > Encourages private sector investment for cleaner energy technology and more varied energy sources; > Improves education to build the pool of science and math graduates and support technical programs; > Widens the lowest corporate tax bracket to bolster small business; and > Invests in all levels of infrastructure. “Manufacturing industries perform almost two-thirds of the private-sector R&D, driving America’s leadingedge in innovation and break-through technologies,” says Lori Anderson, chair of CMA. With their growth strategies in place, it is up to each country’s government to help them reach their goals. Both countries strive to be more competitive in the global marketplace – and it will be interesting to see how each one works toward that and if their efforts pay off. mt M I STA K E S G LOBAL On the Main Stage stresses there is a need for India to leverage its large government procurement market to promote domestic activity. For example, India could encourage local production of IT hardware through e-governance projects from the government, and the country could increase the production of medical devices by creating preferential policies for domestic firms. “There is a need for a multi-pronged approach for changing the technology canvas of our manufacturing sector,” says Harsh Pati Singhania, president of FICCI. He also suggests that India could leverage foreign direct investments for technology transfers and promote vendorization through tax incentives. The manufacturing sector of the United States may be more advanced than that of India, but both countries have similar goals. The U.S. National Association of Manufacturers (NAM) and Council of Manufacturing Associations (CMA) recently released a india and the united states both try to improve their ability to compete in the global market. A strong manufacturing industry helps build a skilled work force, promote domestic business development spur innovation in a country. The United States and India agree about this as both strive to drive growth in their respective markets. India’s manufacturing activity grew during the last half of 2009 as the result of a substantial increase in new business, an improved economy and a strong reputation for quality, according to international bank HSBC. By December, the country’s growth was the best it had been in 15 months. To continue this trend, India plans to introduce a national manufacturing policy in June 2010. The Federation of Indian Chambers of Commerce and Industry (FICCI) believes India should identify high-technology areas and promote them with tax incentives in an effort to build a strong foundation for manufacturing. The National Manufacturing Competitiveness Council manufacturing-today.com SPRING 2010 illustration by brian currie http://www.manufacturing-today.com

Table of Contents for the Digital Edition of Manufacturing Today - Spring 2010

Manufacturing Today - Spring 2010
Contents
Global Strategies
Cost Concerns
Growth Opportunities
Profitability
Continuous Improvement
Partnerships
Business Value
Juanita’s Foods
Les Plats du Chef
EMAG LLC
Gardner Denver
Smeal Fire Apparatus Co.
Club Car Inc.
Parkson Corp.
MKS Instruments Inc.
Amity Technology
Co-Operative Industries
Corbi Plastics
Elyria/Hodge Foundries Co.
Inteplast Group Ltd.
Willbanks Metals
Zotos International Inc.
Akron Foundry Co.
Alo North America
Bosal International
CEPC
First American Plastic Molding Enterprise
MAC Equipment
Mayville Engineering Co. Inc.
Kurtz Bros. Inc.
Aesco Electronics
Code 3 Inc.
Columbia Marking Tools
Euro-Rite Cabinets
Fampec Technology LLC
Faubion Associates Inc.
Ginsey Industries Inc.
Imagineering Finishing Technologies
Imperial Woodworks Inc.
Innovative Lighting
Liburdi Dimetrics
MTC Transformers
Plastiques GPR
Quickparts
S.A. Robotics
Sunrise Windows
Positran Manufacturing Inc.
Manufacturing Tomorrow

Manufacturing Today - Spring 2010

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