Summit On Mechanical Engineering Marks 125 Years Of VDMA

The summit discussed some of the key issues such as Industry 4.0, disruptive technologies, organisational hurdles, impact of GST, etc

German Engineering Federation (VDMA), which completed 125 years, recently organised its mechanical engineering summit in Bangalore that was attended by more than 220 people. The summit, headed by Rajesh Nath, Managing Director, VDMA India, had key industry speakers discussing topics such as Industry 4.0, disruptive technologies, manufacturing and production changes, organisational hurdles, and the impact of GST. India is the second-largest sales market in Asia for the German engineering industry.

The summit commenced with a welcome from Rajesh Nath, who spoke about the history of VDMA starting from its inception in 1892 and the celebration of its 125 years in 2017. VDMA India had organised business forums in major cities in India and has been playing an active role in spreading awareness on Industry 4.0 in the Indian industry. The Business Climate Survey among the German companies was conducted by VDMA for the first time in India. The outcome was; 47 percent of the participants said the climate is good, whereas 48 percent considered it normal and only 5 percent termed it slower than last year.

The inaugural session 

The Chief Guest R V Deshpande, Minister, Large and Medium Scale Industries, Karnataka congratulated VDMA on completing 125 years. The State of Karnataka is a keen supporter of Make in India and is encouraging more companies to set up their manufacturing bases in Karnataka. The minister also thanked all the VDMA member companies, who have already established themselves in Karnataka and also extended a welcome to all those members who would plan to invest in Karnataka in the future. The Minister requested for more German companies to start operations in Karnataka keeping in mind that India will have the largest population in the world by 2025.