National Productivity Summit 2019 Showcased Competitiveness in Manufacturing Industry

The 13th edition of National Productivity Summit (NPS 2019) organized by Indian Machine Tool Manufacturers’ Association (IMTMA) got underway today. The summit was inaugurated by Mr. Bhaskar Bhat, Managing Director, Titan Company Limited. Also present were Mr. P. Ramadas, President, IMTMA, Mr. Indradev Babu, Vice President, IMTMA and Mr. V. Anbu, Director General & CEO, IMTMA.

August 24, 2019

The 13th edition of National Productivity Summit (NPS 2019) organized by Indian Machine Tool Manufacturers’ Association (IMTMA) got underway today. The summit was inaugurated by Mr. Bhaskar Bhat, Managing Director, Titan Company Limited. Also present were Mr. P. Ramadas, President, IMTMA, Mr. Indradev Babu, Vice President, IMTMA and Mr. V. Anbu, Director General & CEO, IMTMA.
The two-day summit held at Bangalore International Exhibition Centre, Bengaluru from 20th - 21st August 2019 will enable delegates to learn more about best shop floor practices from prominent industry experts on productivity gains through a series of case studies. The National Productivity Summit has been organized to serve as a learning and knowledge-sharing platform with interactive sessions and networking opportunities to usher in a fresh perspective on manufacturing as technologies surrounding Industry 4.0 gain wider acceptance across Indian manufacturing units.
In his opening address ‘Impact of Productivity on India’s Manufacturing Competitiveness’, Mr. Bhaskar Bhat stressed on the challenges faced by India’s manufacturing sector. He said that primarily the challenges centered on additional cess levied on the manufacturing fraternity, high logistics cost, the skill mismatch, and the spending on R&D. As the manufacturing sector navigates through these challenges and emerges stronger companies will be able to get their return on time incurred.
Giving his welcome address, Mr. P. Ramadas said, “Indian machine tool industry has done well in the last financial year. It moved up by a notch and is now placed 7th in consumption and 9th in production globally as per Gardner’s latest report. The country has the potential to move further up the ladder in the global list of machine tool producing and consuming countries. Although the automotive industry will continue to be the mainstay for machine tool industry business in the near future, the industry is also opening up to other sunrise sectors in manufacturing.” 
The summit features live case study presentations from Bosch, BHEL, Carborundum Universal, Gala Precision, Godrej & Boyce, Khutale Engineering, Mahindra & Mahindra, Rane TRW Steering Systems, SAAB Engineering, TVS Motor Company, and UCAM, all of which will contest for IMTMA-ACE Micromatic Productivity Championship Awards 2019.
The IMTMA - ACE MICRO MATIC Productivity Championship Awards 2019 has been organized to recognize and reward outstanding efforts from the shortlisted case studies of companies who have excelled in achieving superior performance. The awards will be presented on 21st August 2019.
About National Productivity Summit:
To champion the cause of productivity and enhancing competitiveness in Indian manufacturing, IMTMA organizes National Productivity Summits every year. The event showcases best practices in manufacturing through enriching keynotes, live case study presentations, plant visits, success stories, and so on. The summit brings out why companies should embrace an integrated approach to increase manufacturing productivity, and how to prepare their people, processes, and technology as part of this journey of productivity excellence.
 
About IMTMA:

IMTMA is the apex body and single point of contact for the machine tool industry in India. IMTMA plays a crucial role in the growth and development of the metalworking industry in the country. IMTMA’s initiatives range from policy advocacy, export promotion, trade fairs, mega-events, training, seminars, technology missions, publications, etc. IMTMA formed in 1946 has a membership of over 450 members and represents 90% of the organized machine tool and allied equipment manufacturers in the country.  

Keywords

National Productivity Summit 2019 Showcased Competitiveness in Manufacturing Industry

IMTMA 

India

Mr. P. Ramadas said, “Indian machine tool industry has done well in the last financial year. It moved up by a notch and is now placed 7th in consumption and 9th in production globally as per Gardner’s latest report. The country has the potential to move further up the ladder in the global list of machine tool producing and consuming countries. Although the automotive industry will continue to be the mainstay for machine tool industry business in the near future, the industry is also opening up to other sunrise sectors in manufacturing.”

Author,

Need good help?

Check out our Services

Press Release Distribution & Writing Services

Submit Your Brand Story

Similar News

Image
Sep 30, 2019

Managing entry-level candidates’ job search experience is the trickiest for hiring managers. To understand what factors, influence an entry-level candidate’s job search experience, especially their first job experience, ...

Image
Aug 06, 2019

A new survey from TimesJobs highlights the ambitious side of millennials, where about 70% surveyed professionals said that they will continue with their present job for another year at least