11th VDMA Mechanical Engineering Summit Concludes Successfully

#VDMA #MechanicalEngineeringSummit #RajeshNath

“The Indian automotive sector has an annual turnover of Rs.7.5 lakh crore which accounts for 7.1 percent of the GDP and employs 35 million people and 4.7 percent share of exports. Further, I am optimistic that the EV penetration in India can go upto 25 to 30 percent by 2030.” - Rajesh Khatri, Vice President Operations, Passenger Vehicles, Tata Motors

October 2022: The 11th VDMA Mechanical Engineering Summit – the annual flagship event of VDMA India was held recently in Pune. Rajesh Nath, Managing Director of VDMA India welcomed all the guests and spoke about how the Ukraine-Russia Conflict has affected Global Supply chains and created major economic downturns in countries around the world. He explained that through the economic uncertainty created by global inflation, Ukraine-Russia conflict and the Covid pandemic, the Indian economy has not only remained stable but has developed in contrast to other countries. Further he mentioned the partnership between the city of Bremen and Pune which is symbolised by the Bremen Chowk in Aundh. With more than 300 companies, Pune is a hotbed for the German industry in India.

In his Chief Guest Address, Achim Fabig, Consul General, Consulate General of the Federal Republic of Germany, Mumbai, presented on “Indo-German Relations: Prospective Business Synergies & Government Support.” He spoke about the fact that Indo-German relations are in a great position and that Germany is India’s biggest trading partner in the European Union. He emphasized the matter of environment and green industries and the joint effort of both the countries that are required to meet environmental goals that each country has set. He explained how green industries and sustainable energy is the main focus of the German Government as the Green Party is an important member of the current parliament. There are several big German companies that have multiple offices in India and that Maharashtra and especially Pune has the greatest concentration of them in India. He spoke about the Ukraine-Russia conflict, China’s zero Covid policy which are all creating global challenges for manufacturing companies and the overall economy of many countries and that India is going to play a key role in these and will be in the spotlight for improvement of these conditions and Indo-German relations will become greater than ever in this process.

The special address by Dr. P Anbalagan, IAS, CEO, Maharashtra Industrial Development Corporation, was on Maharashtra being an Industrial Hub and how it is the top state for investment and for companies to set up production and operate with ease. Through his presentation he highlighted how and more importantly why Maharashtra is one of India’s successful and thriving states for Companies to operate, new business to flourish and a magnet for investment to flow in. He explained how the Maharashtra Government and the Industrial Development Corporation operates to ensure that each district is completely equipped for Industries to operate with ease in terms of power, government support and all necessary commodities available. Maharashtra accounts for 17 percent of the country's Engineering Output and has over 6000 engineering sector factories which account for more than 10 percent of the total Indian engineering factories and is the largest exporter of engineering goods in the Country. Maharashtra’s share of the Foreign Direct Investment received from Germany accounts for 33 percent of the total FDI from Germany to India.

In his special address, the Guest of Honour Rajesh Khatri, Vice President Operations, Passenger Vehicles, Tata Motors spoke on “Changing Ecosystem in Automotive Industry in India.” Mr. Khatri stated that Tata is a pioneer in the field of commercial and passenger vehicles. India ranks first in Tractor Production, two and three-wheeler production and second in bus production. In Passenger vehicles production we are now ranked fourth. He explained how the global market for automotive vehicles is poised to grow at an astounding rate of 5 percent, and that the Indian automotive sector has an annual turnover of 7.5 lakh crore which accounts for 7.1 percent of the GDP and employs 35 million people and 4.7 percent share of exports. Further he is optimistic that the EV penetration in India can go upto 25 to 30 percent by 2030.

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