Indradev Babu elected as the new IMTMA president
IMTMA announced the new change in leadership at its 73rd Annual General Meeting (AGM)
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).
RELATED ARTICLES
ZF Rane Automotive India acquires TRW Sun Steering Wheels
The acquisition positions ZF Rane Automotive India as a comprehensive solutions provider for occupant safety products in...
Kinetic bullish on e-commerce driving E-Luna sales, targets 50,000 units in FY2025
Kinetic Green delivers 130 E-Lunas for last-mile deliveries to Big Basket partner, Safe and Secure Delivery Solutions, i...
Citroen reveals Basalt SUV-coupe, India launch in second-half 2024
Citroen Basalt, the fourth model under the C-Cubed programme after the C3, eC3 and C3 Aircross, will go on sale in India...