23 September 2016 : Bangalore International Exhibition Centre, Bengaluru
Indian Machine Tool Manufacturers’ Association (IMTMA) held its 70th Annual General Meeting (AGM) at the Bangalore International Exhibition Centre (BIEC) in Bengaluru on 23 September 2016. At the Executive Committee meeting, following the AGM, the new Executive Committee of IMTMA for the year 2016-2017 was formed.
Prior to the AGM, Mr. T.R. Venkateswaran made a presentation to Members on GST (Goods and Services Tax Bill) which threw light on some of the key aspects of GST and how this will shape India’s manufacturing in future.
Delivering his annual address at the AGM, IMTMA President, Mr. P.G. Jadeja briefly spoke about the positive signs emerging in the Indian economy and the thrust given by the Government of India to manufacturing. Mr. Jadeja said that the machine tool industry is on the path of recovery and that the industry's market share has increased both in terms of revenue and percentage. He said that the various policy initiatives by the Government of India such as National Capital Goods Policy 2016, GST, 100% FDI in major sectors, new Defence Procurement Policy, etc. will help manufacturing. He also stressed upon some of IMTMA activities for 2015-16 and that the Association engagement will continue to be intensive with key policy makers and leverage on already existing reputation and good will.
Mr. Jadeja thanked the Members, Past Presidents, Executive Committee and the Secretariat of IMTMA for providing assistance, guidance and support in all major endeavours of the Association. He then took up the statutory agenda and the special business of the Association which was unanimously approved by a voice vote. The 70th AGM concluded with a vote of thanks to the office-bearers of the Association.
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
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