The summit was inaugurated by M.M. Murugappan, Executive Chairman, Murugappa Group and Dr. V. Sumantran, Chairman, Celeris Technologies. Speaking at the inauguration of the summit Murugappan said, “India is poised to be one of the largest manufacturing economies in the world as Industry 4.0 gains wider acceptance and reshapes manufacturing as a whole rendering real-time control of entire manufacturing value chain.” Elaborating further he said, “Across India today, companies are in the process of digitising their day-to-day operational functions to achieve efficiency and boost revenue growth and Industry 4.0 will usher in an era of transformative manufacturing in India.”
Speaking on ‘Pathways to Productivity for Indian Manufacturing,’ Dr. V. Sumantran said, “It is imperative to leverage the combination of quality and productivity to meet the competitive demands of the industry. Manufacturing units need to embrace modern technology to raise the collective input in manufacturing and boost India’s share of medium and high-tech activities in manufacturing exports so that manufacturing activity can be sustainable and contribute further to the GDP.”
Throwing light on the summit, P. Ramadas, President, IMTMA said, “It is imminent now for companies in India to enhance competitiveness in manufacturing by reducing costs and improving productivity, by building a sustainable competitive advantage. Summits like these are platforms that address learning and best practices requirements of the manufacturing industry and raise its competitiveness.”
The summit featured live case study presentations on productivity improvement projects from various companies such as Bajaj Auto - Akurdi, Hero MotoCorp - Haridwar, L&T MHPS Turbine Generators - Surat, L&T MHPS Boilers - Surat, Mahindra & Mahindra (Foundry Division) - Kandivali, Toyota Kirloskar Auto Parts - Bengaluru, and TVS Motor Company - Hosur, all of which contested for the IMTMA-ACE Micromatic Productivity Championship Awards 2018.
The awards 2018 have been organised to recognise and reward outstanding efforts from the shortlisted case studies of companies who have excelled in achieving superior performance with cash prizes worth Rs 10 lakh.
Toyota Kirloskar Auto Parts was awarded the first prize for its case study presentation on ‘Productivity Improvement in Transmission Lines’. Mahindra & Mahindra and L&T MHPS Turbine Generators bagged the second and third prizes respectively for their case studies on ‘Frugal Automation in Vent Poking Process for High Pressure Moulding Line’ and ‘Capacity Enhancement and Process Optimisation of Blade Manufacturing’. Distinct Productivity Solutions, Bengaluru was conferred with the SME Productivity Award 2018 for its case study on ‘Productivity Approach as a Tool for Price Sensitive Critical Component Manufacturing’.