National Productivity Summit 2019 Showcased Competitiveness in Manufacturing Industry
Posted on: 21/Aug/2019 5:44:16 PM
Bengaluru, 21st August 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.
Vista Equity Partners and its Companies Expand Partnership with Akshaya Patra
Bengaluru, India - August 21, 2019 - Vista Equity Partners (�Vista�), a leading US-based investment firm specializing in enteterprise software, data, and technology-enabled businesses, has announced the expansion of its partnership with The Akshaya Patra Foundation (�Akshaya Patra�). Vista and its portfolio companies operating in India have pledged an additional USD 1 million to Akshaya Patra to support the Foundation�s Mid-Day Meal Programme across India, helping deliver hot, nutritious, and hygienic meals to children every school day.
The expansion of the partnership between Vista and Akshaya Patra was announced by Robert F. Smith, Founder, Chairman, and CEO of Vista, during Vista�s International Best Practice Sharing Summit (�International BPSS�). International BPSS is an annual event that brings together several hundred portfolio leaders and team members from throughout the Asia Pacific region to provide professional networking and development opportunities and share Vista best practices in areas such as go-to-market success, product and technology leadership, and financial and operational excellence. The event, one in a series of BPSS�, also hosts Vista�s APAC Hackathon, bringing together global teams from throughout the portfolio to share technological innovations and compete for prize money.
The extended partnership is part of Vista�s commitment to invest in and give back to the communities in regions where they operate.
�Around the world, Vista and our companies make it their mission to engage with and give back to our communities on a global, national, and local level,� said Robert F. Smith, Founder, Chairman and CEO, Vista Equity Partners. �With our rapidly expanding footprint in India, it is important for us to partner with an organisation that is able to make a real and scalable impact on people�s lives. We are thrilled to continue to partner with Akshaya Patra to help ensure that children across India have access to nutritious meals that will enable them to excel in the classroom and beyond.�
In 2017, Vista partnered with Akshaya Patra for the first time, pledging USD 1 million to the organisation over a period of five years. This enabled the Foundation to procure delivery vehicles to serve mid-day meals to children in 145 schools across three states, Gujarat, Telangana, and Tamil Nadu, and milk to children in 345 schools in Karnataka through its milk kitchen in Jigani.
Mr. Shridhar Venkat, CEO, Akshaya Patra, expressed his gratitude to Vista. He said, �We are immensely grateful to Vista and its portfolio companies in India for partnering with us and enabling us to serve freshly cooked, nutritious mid-day meals to our beneficiary children across the country. It has always been our endeavour to reach out and serve the society while ensuring sustainability and this partnership will contribute to the sustainability integral to our endeavour.� He also thanked the Government of India and State Governments for their continued support to the programme.
