Indian Machine Tool Manufacturers’ Association (IMTMA) organized the 7th Machine Tool Industry Summit in Goa. Held once in every two years, the Machine Tool Industry Summit provides a forum to the entire machine tool fraternity, viz., machine tool builders, sub-suppliers, accessories, and allied equipment manufacturers, vendors, R&D institutions, industry experts and individuals to network, collate ideas and set forth a process of organized thinking, analysis and deliberations.
Over 300 delegates from a wide cross-section of the machine tool industry participated in the summit in Goa this time. The 3-day summit featured panel discussions and presentations from experts and achievers from the Indian machine tool industry. The summit had multiple thought-provoking sessions; some of them held concurrently, with company introspections, brainstorming and networking.
Addressing delegates in the inaugural session Mr. Ram Venkataramani, Chairman & Managing Director, India Piston Rings, spoke about the evolving developments in the auto component manufacturing industry and the expectations from Indian machine tool industry, keeping in the mind the futuristic technologies and requirements. Dr. Omkar Goswami, Founder and Chairman of CERG Advisory Private Limited delivered the keynote address on the economic scenario Vis-à-vis the opportunities and challenges in the Indian manufacturing industry. Ms. Madhavi Chandrashekar, Chairperson-UDAAN presented “Vision 2022” of the Indian machine tool industry.
A special session on “Time to Reboot - Future of Work”, was a highlight at this summit, which clearly addressed the newer approach to ‘Application’ of Knowledge, that is required to address the huge generation transition that the Indian machine tool industry is experiencing.