Category: IJME-Vol.10-Issue 1 – 2021

Identifying and optimising these parameters helps organisations reduce wastage, minimise downtime, control costs, and achieve better utilisation of available resources. Therefore, this study focuses on examining key process parameters in production and operations management and their contribution to improving production efficiency.

In this context, local administrative organizations have an important role in supporting community initiatives and promoting sustainable development. The Phakkha Subdistrict Administration Organization in Sa Kaeo provides a relevant context for examining how social capital contributes to community economic development. This study therefore focuses on the role of social relationships, participation, and local cooperation in promoting economic opportunities and improving the overall development of the community.

Increasing global competition has also created several challenges for Indian manufacturers, including cost pressures, technological changes, quality standards, supply-chain disruptions, and dependence on international markets. Small and medium-sized component manufacturers, in particular, face difficulties in adopting advanced technologies and meeting global quality and cost requirements. Therefore, examining the major issues and challenges of globalization is essential for understanding the competitiveness and future growth of India’s automobile component manufacturing industry.

The Government of India has introduced and implemented several programmes, policies, and institutional mechanisms aimed at strengthening vocational education, technical training, apprenticeships, and industry-oriented skill development. Recent government reports and official publications provide valuable evidence regarding employment trends, emerging occupational requirements, skill gaps, and the effectiveness of existing initiatives. Therefore, a systematic review and synthesis of these reports can provide meaningful insights into India’s future human resource requirements and the preparedness of its workforce to meet the demands of a rapidly evolving economy.

The 'Make in India' campaign initiated by the Indian government has accelerated the economic growth. Manyeconomic analysts have predicted that in the next decade, India's economy will rise to the third largest in the world, following only the US and China. Economists have also highlighted the demand for the skilled manpower for the country. But country's low education attainment and low skill intensity create a major challenge in preparing the workforce. OECD Economic Survey India -2017 highlights very important points that around 30% of youth aged 15-29 are neither employed nor in education or in training despite Govt. taking many initiatives to decrease the dropout rates and it is also estimated that only 4.7% of the total workforce