The Association also strives to build the next generation of machine tool builders. To this end it has created UDAAN. The UDAAN members comprise of young-generation of family owned enterprises, young entrepreneurs, and young professionals to be nurtured as CEOs/COOs. IMTMA organizes focused programmes on various functional areas to help UDAAN group to conceptualize future strategies linking to the association.
As part of its endeavour to involve the second-generation entrepreneurs, emerging leaders and young professionals of the machine tool industry into the mainstream activities of the industry and the Association, Indian Machine Tool Manufacturers’ Association (IMTMA) launched a young machine tool entrepreneur’s club named as “UDAAN” – Emerging Leaders Expanding Horizons.
“UDAAN” members consists of the following industry representatives :
Second-generation of family-owned enterprises.
Young professionals being nurtured as potential CEOs / COOs.
Key objective of “UDAAN” is to...
Nurture, develop and foster leadership development
Cultivate them as future ‘think tanks’
Groom fresh talent.
Encourage and enlist their active participation in all initiative of industry and Association.
“UDAAN” has framed its own charter in keeping with the younger generations’ focus and needs.
Developing self identity.
Strong focus on leadership development and self empowerment.
Setting high individual goals and values.
Combining best of family and professional management.
Firm belief on corporate social responsibility.
Identify and address synergies (keeping out competitive-related aspects)
Making the Indian machine tool industry globally competitive
Sharing and learning best business practices.
Scan the future and align actions.
Evolving new perspectives on global business development.
Selling exciting future of machine tools to young engineers.
Re-defining work-life balance.
In order to fulfil the Charter objectives, “UDAAN” members put together a set of ‘action plans’ for the group and the industry at large. The ‘action plans’ are segmented under four broad categories –