Events
: Summits |
3rd Machine Tool Industry Summit
6 - 8th May, 2010
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Background :
The global slowdown in 2008, and which continued well through 2009,
brought us to face new set of realities. While we continued to face
the issues that previously existed such as declining market share,
the new challenges came in the form of inability to tap new opportunities
from emerging customer segments; enhancing capacities; HR and more
particularly in the low-cost second-hand segment.
Yet, on the other hand, we have several positive developments. First
being high growth in all the economic indicators of the country, especially
a +7% GDP growth. The other has been a spurt in demand for all manufacturing
products.
It is indeed heartening to learn about return of high order bookings
in our industry. Hardly a year ago, were most CEOs apprehensive that
it would take a long time for the Indian growth story to regain the
impetus of 2007. The turnaround has been as dramatic as the fall,
if not more. At the same time, everyone realises that it is now a
different scenario. The bottom line is not growing as fast as the
top line. The demand and consumption is fast outpacing domestic production.
Customers are more demanding than ever before. In keeping with today's
business scenario, the theme for the 3rd Machine Tool Industry Summit
was ‘Outpacing Market Growth’.
The 3rd Machine Tool Industry Summit scheduled from May 6 - 8, 2010
addressed these issues and more
- Are we now ready for the challenging times ahead?
- Can the Indian machine tool industry outpace the India growth
story?
- Do we have adequate capacity and resources to outpace demand?
- What do we need to do to meet enhanced customer expectations?
- Can we find ways and means to reverse the trend and increase
the share of domestic consumption?
- Is our supply chain enthusiastic, strong and flexible enough
to support us?
- Do we have people who can deliver and are we grooming our future
leaders?
The structure of the 3rd Machine Tool Industry Summit was radically
different from the earlier summits. Each session had vibrant panel
discussions on the issues facing the industry.
Industry leaders from Auto and Auto components, Power, Aerospace
and IT sectors interacted and shared concepts, best practices and
expertise which have made their companies successful. Participants
found it a great networking opportunity to interact with industry
leaders and gained new insights on how to respond to the challenges
ahead.
With the help of our business “Gurus”, Mr. Shailesh
Sheth, Mr. R.Srinivasan, Mr. C.P.Rangachar and Mr.S.G.Shirgurkar,
Past Presidents-IMTMA as moderators , key inputs from speakers and
panelists and a highly stimulating audience, interactive discussions
on the challenges faced by the Machine Tool Industry under specific
areas of Customer’s Voice, Marketing, People Management &
Supply Chain Management took place. Each session culminated with
an action plan that the participants could deploy it and come together
once again in the next summit and share their experiences.
The Programme was well received with over 400 participants from
about 100 companies.
Inaugural Day : 6th May, 2010
The summit started with an inaugural address by Mr. J P Nayak, Whole
time Director and President (Operations), Larsen and Toubro. He
spoke on ‘India of my dreams’- Has India’s time
arrived to take its rightful place in the League of Nations. This
was followed by Prof Shyamal Roy, IIM Bangalore who took us through
the journey of relating India’s GDP growth to what can be
expected as the growth in machine tools in India in the near future.
Day 2 : 7th May, 2010
Customers Voice
Discussion Topic: Exponential Growth in customer expectations -
Can we catch up and how?
The selected panelists represented on the one hand the customer’s
voice and on the other, representatives from the machine tool industry,
R & D institutions that can collaborate to address the needs
of customer. The topics that were addressed were under the broad
heads of Technology capability, Manufacturing Philosophy & Automation
and Environment, Safety, Ergonomic considerations
Marketing
Discussion topic: Indian Machine Tool Industry’s Market share
has declined from over 90% in 1990 to about 20% in 2010. We are
doing precious little to arrest this decline.
This session was basically of introspection. The panelists from
the Machine Tool Industry deliberated under the following heads:
- Why in your opinion is this decline in market share?
- What according to you is a healthy, defendable market share
in the current context? What is the experience of major machine
tool producing countries?
- Is the Machine Tool Industry of strategic importance at the
National Level? If so, does low market share of Indian Manufacturers
pose a significant threat?
- Should we develop an excessive domestic market focus or should
we export and become globally competitive?
Interactive Session on ‘Development support for machine
tool industry’ – UNIDO and PAC Programs.
Mr. Dhakad, Programme Director of UNIDO’s International Centre
for Advancement of Manufacturing Technology) presented an Overview
of the UNIDO-IMTMA project on technology upgradation and productivity
enhancement of the Machine Tool Industry in India. He spoke about
the various specific initiatives and the interventions which will
be implemented under the programme including clusters, international
participation, development of new products and technologies for the
benefit of overall manufacturing industry. Mr. Neeraj Sinha, Office
of the Principal Scientific Adviser to the Government of India spoke
about the Program Advisory Committee for R & D in the machine
tool sector and gave a detailed presentation on the technology road
map for this industry together with deliverables and action plans.
Day 3: 8th May, 2010
People Management
Discussion topic: Is the Indian Machine Tool Industry bleeding talent’.
How do we attract, groom and retain talent?
The Panelists from the Machine Tool Industry and other industry joined
together to find innovative ways to jazz up talent and enthuse and
attract young people into Machine Tool sector. The concerns were discussed
broadly under the following heads:
- Is the Machine tool industry able to attract fresh talent? Why
not?
- Attrition - Is it a problem? If so, what is more serious? Worker
Level, Shop engineers Level, Production Management Level, Designers,
Marketing, and Finance - Sr. Mgmt. What can we do to reverse the
trend?
- What innovative measures can the Machine tool industry adopt
to attract /train/ develop/ retain talent?
- What should we do to develop talented aggressive forward looking
managers? Where are they?
Supply Chain Management
Discussion topic: Has the outsourcing model outlived itself? Is vertical
integration the way forward?
Based on their experience, the panelists and participants debated
on a suitable business model for the Indian industry and when does
it makes sense to go for outsourcing or to a vertically integrated
plant. Issues with respect to quality, reliability, cost, dependability
and so on were also discussed under following heads:
- Outsourcing is used by some of the biggest global Machine Tool
Cos., so it is a viable model. Is this a right model for Indian
M/c tool companies too? The alternative view is, “If you
can make it, you can control it”, so vertical integration
is best for most companies.
- Should Indian Machine Tool Cos. not look at ‘Global outsourcing’
to ramp up volume?
- 50% integration + 50% outsourcing: Having the best of both worlds,
especially during peak/depression periods may be the right strategy.
- Does the supply chain have the ability to scale up? If not what
should we do about it?
Spouses Program:
While the men were involved in the discussions and deliberations,
there were special program for the spouses simultaneously.
Mind and Body Games:
There was fun filled activities involving mind and body of all
the participants, connecting with the theme of the conference. However,
the games designed also added values to all the participants in different
ways with some thought provoking messages, Learning to stay ahead,
and self help for maintaining better health.
Gala Evenings
On all three days, there was exciting, fun filled special entertainment
programs for participants to rejuvenate and unwind. |
Platinum Sponsors
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Gold Sponsors
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