MACHINE TOOL EXPORTERS URGED TO FOLLOW CONSORTIUM APPROACH
OMAR ABDULLAH INAUGURATES IMTEX 2001
Date : 16 Jan 2001
Location : New Delhi
Machine tool exports from India can go up considerably if the industry follows a consortium approach to exports. Inaugurating IMTEX 2001 organised by the Indian Machine Tool Manufacturers Association at Pragati Maidan, here today, Shri Omar Abdullah, Minister of State for Commerce and Industry, suggested the following 4-point strategy for the Indian machine tool industry to surge ahead and achieve higher level of exports: (a) Focus on training and retraining so that the talents of engineers, supervisors and workers are put to more effective use; (b) Introduce the most advanced concepts of "Lean Manufacturing" in places of work and cut costs on a continuing basis; (c) Further strengthening dialogue with customer groups with consistency and, more important, proactively; and (d) Work for an export target of 25 per cent of the output At present, machine tool exports account for only 5 per cent of the domestic production. Clearly, this export percentage would have to go up considerably, Shri Abdullah said.
Shri Abdullah commended the new initiatives taken by the industry based on a consortium approach to exports. "I believe the first effort -- through 4 companies coming together in Bangalore -- has achieved remarkable success in making your presence felt in the markets of Europe and USA. I also believe that this concept of consortium approach to export is now being replicated in Pune. I commend you on this effort", he said.