“India does not have problem of demand, but it does have problem of supply,” said Mayur Vora, Managing Director, Mapro foods’ Pvt Ltd, while speaking on ‘Empowering the Local ecosystem’ at the CIMCON’26, Central India’s largest management council, on Saturday. The three-day conclave is organised on the theme — ‘10X in ten years,’ at Indian Institute of Management (IIM), Nagpur. Mayur Vora, in his address, shed light on the pathway, challenges, and opportunities that exist for the industries while achieving the goal of 10X growth in next 10 years. “Contrary to popular belief, there is huge demand for products in India which is going to double by year 2030.

 

The industries are lacking to supply that meets the demand leaving huge opportunity for industries to grow and match the ever rising demand in the country,” said Vora. Vora advised the entrepreneurs present at the conclave to be sensitive about the local ground realities, socio-economic conditions, and traditions and sync with local population while bringing the changes for achieving desired growth. “You can’t force industrial rules in local environment if you want to have sustainable growth.

 

It is easier to grow for an industry if it become party of the local environment,” added Vora. While shedding light on the goal of achieving 10X growth in next 10 years, Vora said, breaking growth targets in small fragments makes it easy for achieving the goal. He emphasised that taking decisions and implementing them is most important to achieve success. “Take decisions, act fast, and execute properly to achieve success,” Vora advised the attendees.

 

Vora also encouraged the leaders not to hesitate to take calculate risks as they can be a difference between success and failures. “If more than half of your decisions prove to be correct, the business will become successful more often than not,” said Vora. During the interactive session with the audience Vora advised to trust native intelligence, while integrating with highly educated professional to get maximum output from the industry. “For a business like ours, the native intelligence makes a huge difference. It gives workers much more knowledge than what is taught in many business schools,” concluded Vora.