IN ORDER TO THROW LIGHT ON THE CURRENT market conditions and technological disruptions, VDMA India organised two events. Mechanical Engineering Summit, the annual event of the organisation, discussed opportunities and challenges that the manufacturing industry is currently facing. The discussion underlined local as well global trends and issues. Alternatively, International Symposium— ‘Additive Manufacturing–The Game Changer of Manufacturing’ was held in Pune to discuss emerging trend of 3D printing.
MECHANICAL ENGINEERING SUMMIT
VDMA Mechanical Engineering Summit commenced with a welcome address by Rajesh Nath, Managing Director, VDMA India. He spoke about the year 2019 which was eventful in many ways. He ran audience through domestic global and events such as era of Modi 2.0, slump in the Indian automotive sector, escalated trade war between the US and China, BREXIT, etc. The welcome address was followed by a special address by the Guest of Honour Vinay Kumar Katyal, Director, Bangalore Complex, Bharat Electronics (BEL). In his speech, Katyal informed that BEL crossed turnover of Rs. 11,000 cr. in 2018. The fundamental reason behind this achievement is transition from being a manufacturing organisation to a technological solution provider.
Margit Hellwig-Böette, Consul General, Consulate General of the Federal Republic of Germany, Bangalore gave a special address on Innovation, Digital Workplace & Start-ups. Next, Ulrich Ackermann, Managing Director of Foreign trade division, VDMA Frankfurt presented on challenges of global trade. He said that the world is experiencing increased conflicts, major economic powers are seizing influence, financial sanctions are being used as a weapon and Internet is breaking into pieces. Therefore, the international flow of money, information, products and services may slow down.
This story is from the November 2019 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2019 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Navigating India's manufacturing landscape
Jibak Dasgupta, Director General and CEO, Indian Machine Tool Manufacturers' Association's view on the influx of investments and the manufacturing landscape
A decade of 'Make in India': The foundation for building a manufacturing powerhouse
As India experiences profound economic growth, it has emerged as the second most sought-after manufacturing destination in the world, contributing 13.9%1 to the economy.
Driving Growth and innovation in India's manufacturing sector
Mayank Pandey, Wholetime Director of Castrol India, discusses manufacturing resurgence, sustainability, and future strategies.
Navigating India's manufacturing landscape
A conversation with Dr Raghupati Singhania, Vice-President, JK Organisation
Crafting the future
A dialogue with Anil Verma, CEO and Executive Director of Godrej & Boyce
WEST BENGAL A rising star in manufacturing investments
West Bengal, once renowned for its rich cultural heritage and vibrant arts, is now emerging as a prominent hub for manufacturing investments and foreign direct investments (FDI).
UTTAR PRADESH Manufacturing powerhouse in the making
The winds of change are sweeping through Uttar Pradesh, India's most populous state. Once known for its agrarian landscape, UP is not rapidly transforming into a manufacturing powerhouse, attracting billions of dollars in investments and redefining its economic trajectory.
TELANGANA A manufacturing magnet attracting billions
Telangana, the youngest state in India, is rapidly transforming into a manufacturing powerhouse, attracting a surge of investments from both domestic and global giants. It has become a burgeoning hub for industrial growth, securing substantial investments.
TAMIL NADU Investing in the future
Vedanta Aluminium champion climate action through a dual strategy: reducing carbon footprint & offsetting emissions. Our achievements include India's first 'green' aluminium, Restora, made with renewable energy.
ODISHA Surging ahead as a manufacturing powerhouse
Odisha, nestled on the eastern coast of India, has undergone a remarkable transformation, evolving into a prime industrial destination.