The Indian Machine Tool Manufacturers’ Association (IMTMA) recently held its 71st Annual General Meeting in Bengaluru where they spoke about the impact of electric vehicles on the machine tool industry.
A presentation on ‘Preparing for Transformation in Manufacturing Industries – Electric Vehicles Impact on the Machine Tool Industry’ was made at IMTMA's AGM.
(Source: Deposit Photos)
At the Executive Committee meeting following the AGM, P Ramadas, Managing Director, Ace Manufacturing Systems was elected as the President of IMTMA and Indradev Babu, Managing Director, UCAM was elected as the Vice President of the Association for the year 2017- 2018.
Prior to the AGM, IMTMA held a special session. Dr. S Raghunath, Professor of Corporate Strategy & Policy, Indian Institute of Management Bangalore made a presentation on ‘Preparing for Transformation in Manufacturing Industries – Electric Vehicles Impact on the Machine Tool Industry’ and Shailesh Sheth, Past President - IMTMA made a presentation on ‘IMTMA Corporate Governance Policies’. PG. Jadeja, President - IMTMA and V Anbu, Director General & CEO - IMTMA were present on the dais.
Latest manufacturing trends
Dr. Raghunath presented his view on the impact of electric vehicles on the machine tool industry and the need for industry to integrate latest robotics technology in managing issues related to transportation.
Delivering his annual address at the AGM, PG Jadeja briefly spoke about the positive signs emerging in the Indian economy and the Government of India’s impetus to manufacturing. Jadeja said that the machine tool industry of India registered an impressive growth of 23 per cent during 2016 - 2017.
He also spoke about major policy initiatives of the Government of India such as Goods and Services Tax, Automotive Mission Plan 2026 and setting-up of Centres of Excellence on advanced manufacturing under the DHI Scheme for Enhancement of Competitiveness in the Capital Goods Industry as well as Tumakuru Machine Tool Park jointly by DHI and the Government of Karnataka. He said that these developments are likely to change the manufacturing landscape in future.
Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.
:quality(80)/images.vogel.de/vogelonline/bdb/1845800/1845888/original.jpg "Hans Beckhoff, Founder and Managing Director Beckhoff Worldwide")
:quality(80)/images.vogel.de/vogelonline/bdb/1838700/1838749/original.jpg "Hitachi Astemo Automotive Systems’ new brand image")
:quality(80)/images.vogel.de/vogelonline/bdb/1812900/1812994/original.jpg "The 3rd edition of China International Import Expo.")
:quality(80)/images.vogel.de/vogelonline/bdb/1775500/1775555/original.jpg "Simulation in Stampack: the software allows Fütterer to analyze and predict material flow, formability, wrinkles and surface defects.")
:quality(80)/images.vogel.de/vogelonline/bdb/1253500/1253570/original.jpg "President of India, Pranab Mukherjee and Prime Minister of India, Narendra Modi launch GST with great pomp in the Parliament's Central Hall.")
:quality(80)/images.vogel.de/vogelonline/bdb/1845800/1845888/original.jpg "Hans Beckhoff, Founder and Managing Director Beckhoff Worldwide")
:quality(80)/images.vogel.de/vogelonline/bdb/1838700/1838749/original.jpg "Hitachi Astemo Automotive Systems’ new brand image")