India's future in technology and innovation hinges on investment in R&D and commitment to indigenisation, said Piyush Goyal, Union Minister for Textiles, Commerce and Industry and Consumer Affairs, Food & Public Distribution, Government of India.
At the 8th ACMA Atmanirbhar Excellence Awards & Technology Summit, organised by the Automotive Component Manufacturers Association of India (ACMA), Goyal highlighted that the auto components industry can play a pivotal role in leading the charge for self-reliance through increased investment in new technology and design, and by integrating the informal sector to indigenise the value chain.
He underscored the importance of building a strong defence industry and promoting indigenous manufacturing, enabling India to be self-reliant and become a reliable and trusted supplier to the world. He emphasised the need for India to focus on productivity, quality, and net-zero commitments, as this will enable it to become the next frontier of technology, development, and production for the world.
Sunjay J Kapur, President, ACMA and Chairman, Sona Comstar, noted that as the Indian automotive industry moves forward in 2023 and beyond, it is essential to embrace green and clean technology to remain ecologically relevant.
He stated that the auto component industry needs to be ahead of the curve in adopting new environmentally sound technologies, sustainable manufacturing practices, and business models that minimise carbon footprint while embracing the ethos of a circular economy.
The event, themed 'Gearing up for Carbon Neutrality & Sustainability,' emphasised the significance of innovation and sustainability in the auto component industry. The event was graced by industry leaders, senior government officials, and experts worldwide.
During the ceremony, 68 auto component manufacturers were awarded the ACMA Atmanirbhar Excellence Awards across categories of Excellence in Manufacturing, Sustainable Business, Digitisation, Localisation, and Exports.
The jury for the awards included Vinod Aggarwal, President, SIAM and MD and CEO, VECV, Sunil Kakkar, Sr Executive Officer - Supply chain, Maruti Suzuki India, Rajesh Uppal, Member Executive Board (HR, IT & Safety), Maruti Suzuki India, MR Anandakrishnan, Sr VP (Purchase), TVS Motors, Vipin Kaul, Purchasing Leader Cummins India ABO, Cummins India, Angela Mans, Head of Foreign Trade and International Relations, German Association of the Automotive Industry (VDA), V Sridhar, Senior Director, Purchase, Honda Motorcycle & Scooter India, Ganesh Mani S, President & COO, Ashok Leyland, Sundar, Asst Vice President, Unit Head, HMIL Procurement, Hyundai, Raju Ketkale, Executive Vice President, Toyota Kirloskar Motors and B Srinivas, Executive Vice President-Product Strategy and Purchasing, VE Commercial Vehicles.
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