National Productivity Summit 2019 concludes in Bengaluru, India

The 13th edition of National Productivity Summit (NPS 2019), held at Bangalore International Exhibition Centre, Bengaluru from August 20-21, 2019, has showcased competitiveness in the manufacturing industry. The two-day summit enabled 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.

The event organized by Indian Machine Tool Manufacturers’ Association (IMTMA) was inaugurated by Bhaskar Bhat, Managing Director, Titan Company. P Ramadas, President, IMTMA, Indradev Babu, Vice President, IMTMA and V. Anbu, Director General & CEO, IMTMA were present during the function.

Bhaskar Bhat stressed on the challenges faced by India’s manufacturing sector. He said that primarily the challenges centred 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.

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.

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