By CA Ujwal Landge In the dynamic landscape of Information Technology (IT) projects, effective cost management strategies are crucial for success. Companies are continually exploring innovative approaches to optimise expenses while maintaining a high level of productivity. In this article, we delve into seven strategies that not only reduce costs but also foster innovation and efficiency. Consultants Hiring: Balancing Tradition with Caution The traditional practice of hiring consultants remains a viable option for cost reduction and accessing specialised expertise. Despite concerns about moonlighting, engaging individual consultants fosters entrepreneurship and brings...

By Mr. Somnath Mukherjee The manufacturing sector is poised to be a pivotal force propelling India towards the four trillion-dollar economy envisioned by the Prime Minister post-COVID. India is emerging as a production hub, with a surge in domestic manufacturing. The Outlook report by TeamLease reveals a significant hiring intent of 65% among large manufacturing firms, driven by escalating demand and the need to optimize production capacities. Amidst this transformation, the wooden manufacturing industry is also gaining prominence, presenting new opportunities and challenges. As manufacturing evolves, it becomes a linchpin...