• Sanjay Patnaik
• Mahendra Kumar Rath
• Rashmi Ranjan Panda

Over last few decades, the Manufacturing sector has made tremendous growth in India. This has helped India growing economically along with huge employment generation. As per the available data, manufacturing sector itself contributes about 16% of GDP of India currently and Govt. of India has a vision to make it to 25% by 2022. The initiatives like Make in India, Invest in India etc. have created a positive environment for more investment in India leading to further scope of growth in manufacturing sector. Even though manufacturing industry has a great share in the development of India, there are a lot of challenges faced by this sector. In the current competitive scenario, growth has been the key factor to sustain for any sector. Growth is highly important to win the confidence of the stakeholders and investors. Compromising on the quality would be probably the worst idea to sustain in the market. So organizations have started looking within and making best efforts to have an optimized process. When Optimization comes into picture, Cost, Productivity and Manpower optimization are the primary concerns to be dealt with. Having realized the importance of optimization, an effort has been made to improve the following parameters for an industry • Tool Cost Reduction • Productivity Improvement • Manpower Optimization

Optimization, efficiency, manpower, productivity

"Optimization of Overall Efficiency in Manufacturing Industry by Minimizing Production Cost and Man power", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 4, page no.94-104, April-2020, Available :http://www.jetir.org/papers/JETIR2004214.pdf

"Optimization of Overall Efficiency in Manufacturing Industry by Minimizing Production Cost and Man power", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 4, page no. pp94-104, April-2020, Available at : http://www.jetir.org/papers/JETIR2004214.pdf