Page 48 - MMI- Nov-Dec-2021

EVENT SNAPSHOT

IMPETUS FOR SELF-RELIANT MANUFACTURING

It is critical to assess the impact of the nationwide lockdowns and the

challenges that the manufacturing industry faces to stand strong and become
self-sufficient. VDMA India deliberated on this need and much more in its

flagship event. A report…

Source: VDMA India

T he Government’s impe- Manufacturing Symposium, and medium-sized enterprises
Manufacturing
(SMEs)
and
the
tus and policies, strategic
symposium
first VDMA
the
ties, smart manufactur- after the second wave of the sector in creating job opportu-
ing trends, and focus on accelerat- pandemic, followed by ‘Emerg- nities and contributing to the
ed digitalization and localization ing Technology Trends in Man- GDP, making India a US$5 tril-
are called upon for deliberations. ufacturing Processes’ at Pune lion economy. He stated that
Touching upon these points, the and Bangalore, the North India the current situation in India
10 th VDMA Mechanical Engi- Members Meet, and the recent is the best time for the Manu-
neering Summit, VDMA India’s German Technology Day sym- facturing sector, owing to the
annual flagship event, was held posium at Ranchi. He stated implementation of Govern-
on October 8, 2021, at the Hotel that the VDMA India team has ment policies such as the Prod-
Sheraton Grand Bangalore, draw- completed over 100 webinars uct-linked Incentive and GST,
ing over 260 participants from with over 15,000 participants which are in place to improve
17 Indian cities. since the initial lockdown. the ease of doing business.
Welcoming the audience, The Guest of Honour, Achim
Rajesh Nath, Managing Direc- Burkart, Consulate General of Impetus to manufacturing
tor, VDMA India, explained the the Federal Republic of Ger- Atish Laddha, Senior Associ-
impacts on the economy and many, Bangalore, spoke on the ate, Indirect Taxation, Roedl &
the business situation during ‘Indo-German Relations: Pro- Partner India Pvt Ltd, spoke on
SOVAN TUDU ‘Government Incentives and
Sub-Editor the lockdowns and the second spective Business Synergies &
Magic Wand Media Inc wave of the COVID-19 pandem- Government Support’. Subsidies- Unwrap the gifts on
Sovan.tudu@ your desks’, highlighting man-
magicwandmedia.in ic. He also gave glimpses of the In his special address, the Guest
improvement in the circum- of Honour, Kamal Bali, Pres- ufacturing incentives, GST re-
stances currently happening. ident & Managing Director, funds, state industrial policies,
He further elaborated on some Volvo Group, India, focused on customer bonded warehouse
of VDMA India’s key activi- the ‘Transformation of Manu- policies, and the EPCG Scheme
ties for the current year 2021, facturing in India’ and empha- (Export Promotion Capital
such as organizing the Additive sized the importance of small- Goods Scheme).

48 | November-December 2021 Modern Manufacturing India