The Indian Machine Tool Manufacturers’ Association (IMTMA), the apex body and single point of contact for the machine tool industry in India, held its 73rd Annual General Meeting (AGM) at the Bangalore International Exhibition Centre (BIEC). Indradev Babu, managing director, UCAM was elected as the new president of IMTMA.
Indradev Babu will succeed P. Ramadas, managing director, Ace Manufacturing Systems as IMTMA’s President. Ravi Raghavan, managing director, Bharat Fritz Werner (pictured below) was elected as the new Vice President of IMTMA. The new executive committee of IMTMA for the year 2019-2020 was also formed. IMTMA formed in 1946 has a membership of over 450 members and represents 90 percent of the organised machine tool and allied equipment manufacturers in the country.
Ravi Raghavan, Vice President, IMTMA
Earlier, in a special session at the AGM, Kamal Bali, president and managing director, Volvo Group India, spoke about the current economic downturn as well as the opportunities in store for the auto sector. He said that the slowdown that we see in the auto sector is cyclical and the industry should continue its efforts digitalization, innovation and providing solutions that are economically and environmentally viable.
L-R: Ravi Raghavan, Vice President, Indradev Babu, President and V Anbu Director-General and CEO of IMTMA
Elaborating further he said that industry should move from the earlier definition of VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) towards a new definition of VUCA, which is (Vision, Understanding, Clarity, and Agility).