Indian Machine Tool Manufacturers' Association

Annual General Meeting Reports

71st ANNUAL GENERAL MEETING

Indian Machine Tool Manufacturers’ Association (IMTMA) held its 71 st Annual General Meeting (AGM) on 6 September 2017 at Bangalore International Exhibition Centre (BIEC), Bengaluru. At the Executive Committee meeting following the AGM, Mr. P. Ramadas, Managing Director, Ace Manufacturing Systems Limited was elected as the President of IMTMA and Mr. Indradev Babu, Managing Director, UCAM Private Limited 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 (IIMB) made a presentation on ‘Preparing for Transformation in Manufacturing Industries - EVs Impact on Machine Tool Industry’ and Mr. Shailesh Sheth, Past President - IMTMA made a presentation on ‘IMTMA Corporate Governance Policies’. Mr. P.G. Jadeja, President - IMTMA and Mr. V. Anbu, Director General & CEO - IMTMA were present on the dais. 

Dr. Raghunath presented his view on the impact of electric vehicles on 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, Mr. P.G. Jadeja briefly spoke about the positive signs emerging in the Indian economy and the Government of India’s impetus to manufacturing. Mr. Jadeja said that the machine tool industry of India registered an impressive growth of 23 per cent during 2016 - 2017. 

Mr. Jadeja 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. 

Mr. Jadeja thanked Members, Past Presidents, Executive Committee of IMTMA for providing guidance and support in all major endeavours of the Association during his tenure. He then took up the statutory agenda of the Association which was unanimously approved by a voice vote. The Annual General Meeting of IMTMA concluded with a vote of thanks.

Indian Machine Tool Manufacturers’ Association; Head Office : 10th Mile, Tumkur Road, Madavara Post, Bengaluru, Karnataka (India) 562123; Regd. Office : Plant No.13, Extension Office, Godrej Campus, Vikroli East, Mumbai – 400079
CIN : U29290MH1973GAP016420; Tel : 91-80- 66246600; Email : imtma@imtma.in; Contact in case of queries & grievances : V Anbu, CEO & Director General
(Please send all communications to Head Office)

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