Vision Symposium

17th VISION Conclave for CEOs and “UDAAN” Members of the Indian Machine Tool Industry

14 - 17 December 2023: Varanasi

“India at a Tipping Point, Couldn’t be More Delightful” – ‘Poser for Indian Machine Tool Industry’

“UDAAN” team and under the enduring guidance of IMTMA “Gurus”, Mr. R. Srinivasan, Mr. Shailesh Sheth, and IMTMA office-bearers, organized 17th ‘VISION’ Conclave for CEOs and “UDAAN” members of the Indian machine tool industry from 14 to 17 December 2023 in Varanasi.

“India at a Tipping Point, Couldn’t be More Delightful” – ‘Poser for Indian Machine Tool Industry’ formed the theme of 17th ‘VISION’ Conclave, against the backdrop of a nation’s resolve to emerge as the third-largest global economy by 2028 - 2029.

17th VISION Conclave was the largest congregation of CEOs, UDAAN, and Gen-Z of the Indian machine tool industry along with a large participation of spouses – a new ‘high’ in the history of ‘VISION’ Conclaves.

Given the assertion by the nation’s governance to put in place a comprehensive VISION roadmap for our nation by “Amritkaal”, the 17th Conclave commenced with a reinvigorating session on “India @ 2047”: ‘Perspectives on India and its Indian Manufacturing Strategies’ facilitated by Mr. Anshuman Sinha, Partner, A. T. Kearny Consulting (India).

Mr. Sinha presented a global overview of the economic and industrial growth, including manufacturing, over the next five to seven years. He spoke comprehensively about the five strategic pillars identified by way of ‘VISION 2047’ for the Indian capital goods industry.

Followed next were two insightful sessions: ‘Current Standing Points in Indian Machine Tool Industry’ by “UDAAN” chairperson and ‘Tech Trends - 2032 and 2047’ by IMTMA. ‘Current Standing Points’ gave an in-depth analysis of the global machine tool industry, relating it to current and futuristic trends in the Indian machine tool sector. ‘Tech Trends’ called for building sustainable machine tools.

A session on ‘Current Scorecard – where are we in respect to VISION 2022 and MISSION 2022’ was also held. The brainstorming workshop was scheduled over two days and jointly anchored by “Gurus” Mr. Srinivasan and Mr. Sheth and ably supported by co-facilitators, Mr. Raghavan Mukund and Mr. Shrihari Udupa.

The workshop involved articulation, deliberation, establishing, and framing of a new ‘VISION’ declaration; a new ‘MISSION’ strategy; and a new ‘Roadmap / Strategic Actions’ for implementation. Beyond all, outlining a universal “Purpose” for the Indian machine tool industry.

The exercise, undertaken through an intrinsic involvement of every participating member, involved capturing ‘expectations’ as also ‘description of IMTMA’ followed by framing of an all-encompassing matrix each on ‘VISION Elements’, ‘VISION Contradictions’ and ‘VISION Strategic Actions’.

The derived matrixes formed the basis for the evolution of a “PURPOSE”, followed by the new ‘Vision’ declaration, and in turn the ‘MISSION 2028’ strategies for the Indian machine tool industry.

Accentuation of ‘VISION’ has been its evening nostalgias – 17th Conclave not only being no different, was spiritually nostalgic in the heritage hub of central India.

The 17th Conclave concluded with a memorable presentation on “Quarter-Century of ‘VISION’ Journey” by the President of IMTMA, with rich and special tributes offered to the Industry and ‘VISION’ “Gurus” – Mr. R. Srinivasan, Mr. Shailesh R. Sheth and Late Mr. H. R. Gupta.

An exclusive session, Kabhi Khushi Kabhi Ghum for spouses was facilitated by Mr. Shrihari Udupa.

PURPOSE’ & ‘VISION’ Declaration and ‘MISSION 2028’ strategies are given below:

Machine tool industry Vision Statement released during 17th Vision Conclave

Machine tool industry Mission Statement released during 17th Mission Conclave