Rare Story of a Global Indian Manufacturing Success

BY: SHARAD KUMAR SARAF & ATUL SINGH

Sharad Kumar Saraf, IIT Bombay graduate, chose India over US, leading REMI Group in manufacturing.

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Saraf learned trade secrets in East Germany, founded Technocraft challenging a US drum closure monopoly.

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IIT Bombay-educated Saraf brothers cracked complex closures, led Technocraft to global success by 1990.

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Saraf's firm produces 65M closures, no captive market. Partners with JSW, serves globally from 3 factories.

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Saraf brothers excel in India due to quality control, China's efficiency and less corruption are advantageous.

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Colonial constraints, corruption stifled Indian business until 1991 liberalization unlocked economic growth.

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Corrupt licenses, restrictions stifled Indian industries, hindering growth and favoring corruption.

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Saraf lauds Indian IT triumph, links success to limited control. Advocates local incentives for growth.

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Saraf calls for simplified land laws, industry incentives, reduced entry barriers for manufacturing growth.

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Saraf advocates government role, mandates certified skilled labor for improved quality, growth in India.

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