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79ᵀᴴ ANNUAL GENERAL MEETING

Indian Machine Tool Manufacturers’ Association (IMTMA) held its 79th Annual General Meeting (AGM) on September 10, 2025, at Bangalore International Exhibition Centre, Bengaluru.

Leveraging our Industrial Capabilities

A Special Session was organized before the Business Session of the AGM. Dr Ajit Ranade, Economist, Senior Fellow and Trustee, Pune International Centre, delivered a keynote address on ‘Indian economy, growth in manufacturing sector and likely scenario for the future’.

Dr Ranade outlined a roadmap for India’s growth amidst global headwinds. He emphasized the need for strategic resilience and balance between global alignments and national interests.

Envisioning a highly optimistic outlook for India in 2030, Dr Ranade stated that India could rank among the top three countries in the world by PPP (purchasing power parity), with manufacturing accounting for about 25 percent of GDP. He added that India’s future competitiveness will depend not only on overcoming global turbulence but also on leveraging its industrial strengths to foster a new phase of growth.

IMTMA Elects its First Woman President

 At the Executive Committee meeting held after the AGM, a new IMTMA Executive Committee for 2025 - 2026 was formed. Mohini Kelkar, Director – Business Development, Grind Master Machines Pvt Ltd, was elected as President, and Vikram Salunke, Managing Director, Accurate Gauging and Instruments Pvt Ltd, as Vice President for 2025 - 2026.

IMTMA witnessed a historic milestone by electing Mohini Kelkar as its first woman President.

Raghu Venkataraman, Principal Consultant at Goldratt Consulting, delivered a presentation on Breaking Supply Chain Bottlenecks. He emphasized the importance of the supply chain as the foundation of manufacturing excellence. He stated that by identifying and eliminating bottlenecks, organizations can enhance speed, reliability, and sustainable growth.

Amit Pande, Co-Founder, TOTELY India, gave a presentation on AI agents to automate business workflows. In his presentation, he highlighted how AI agents are transforming business processes by automating routine tasks and streamlining complex operations. This change allows organizations to improve efficiency, reduce errors, and focus on higher-value strategic work.

On an Upward Growth Trajectory

Rajendra S Rajamane, President - IMTMA, outlined IMTMA’s activities for FY 2024-25 and highlighted the strong performance of India’s economy and the vital role of the country’s Machine Tool industry in its manufacturing growth story.

Emphasizing the Machine Tool industry’s progress, Rajamane observed that production rose by 7 percent to INR 14,566 crore, while consumption increased by 17 percent to INR 31,781 crore in FY 2024–25, placing India ninth in global production and fourth in consumption, as per Gardner Intelligence’s World Machine Tool Survey. Rajamane further said, “The integration of AI, machine learning, and smart factory technologies will redefine the manufacturing landscape, and the Indian Machine Tool industry will play a pivotal role in this transformation.

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