"This initiative is intended to give a major fillip to Prime Minister Narendra Modi's vision to manufacture products with 'zero defect' in terms of quality and with 'zero effect' in terms of environmental impact under the 'Make in India' umbrella," Ficci said in a statement today.
The 'Zero Defect, Zero Effect' (ZED) model represents a method to change the concept of quality, it said.
The industry body also said the ZED rating will give credible recognition to the domestic industry in the eyes of global customers as well as foreign investors, who are keen to invest in India.
The scope of the model spans across all sectors of manufacturing and service industry with a special focus on SMEs.
"It reflects a mechanism that will provide the Indian SMEs with a roadmap to improve from one level to the higher one along with handholding from consultants/e-learning courses and providing other infrastructure requisite to make the enterprises more competitive globally," it added.
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