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Home arrow News arrow Seminars arrow SIAM Annual Convention 2008 kicks off with a bang in the capital
SIAM Annual Convention 2008 kicks off with a bang in the capital Print E-mail
Written by Anand   
Friday, 05 September 2008
Hon. Minister Shri Sontosh Mohan Dev inaugurates convention

New Delhi: With Climate Change, Innovation and employing the right Talent being the flavour of the inaugural session, the 48th Annual SIAM Convention was inaugurated today in the capital, amongst industry luminaries, ministry officials and senior bureaucrats. The day long session that will see participation from top honchos of Indian and international automobile and auto ancillary companies will celebrate the successes of 60 years of Indian automobile manufacturing while gazing into the crystal ball and identifying challenges and opportunities for the future.

Inaugurating the session, Hon. Minister of Heavy Industries and Public Enterprises – Shri. Sontosh Mohan Dev, set the tone for the convention by highlighting the challenges being faced globally by automobile manufacturers. He stressed on factors such as rising input costs, increasing fuel prices, escalation of competitive and inflationary pressures and the looming dangers of global warming and climate change while challenging Indian auto manufacturers to work around these impediments. He highlighted the need for innovation and cleaner and sustainable technologies in order to surmount these challenges.

Speaking on the government’s commitment to encouraging the Indian auto industry, Shri. Dev spoke about the Automotive Mission Plan 2016 and reiterated the government’s single minded focus to make the Indian auto sector globally competitive. Hoping to surpass set targets for coming years, the minister spoke about the Indo-German joint working group, the 5 Inter-Ministerial groups and various tax incentives that would give direction to policy initiatives in India for the auto and auto ancillary sectors.

Making the welcome address for the session, Mr. Ravi Kant – President, SIAM & Managing Director, Tata Motors started off by congratulating the industry on its consistent 13% growth in the last 7 years and highlighted Innovation as a key factor that describes the Indian auto sector today. Speaking about the Nano, Mr. Kant said that innovations such as this will change the paradigm for the sector, globally.

Speaking on the Automotive Mission Plan 2006-2016, Mr. Kant expressed belief that the sector will do better in years to come, with growth predicted across segments. However, he was quick to point out the new challenges for players in the sector – shrinking demand, rising input costs, increased cost of fuel, climate change threats and the dearth of talented manpower. Highlighting inflationary pressures and rising cost of steel, copper and rubber along with increasing interest rates, Mr. Kant urged the government to take timely, and corrective measures in order to maintain momentum of the Automotive Mission Plan

Mr. Pawan Goenka, Vice President-SIAM & President (Automotive) – Mahindra & Mahindra delivered the vote of thanks and highlighted the various sessions planned out for the 48th SIAM Annual Convention. The day will see key note addresses from various ministry officials, industry leaders and technical experts and will host two panel discussions on – ‘Innovation – What would it take for India to become a key player of innovation in automotive industry’ and ‘Small car segment – Will the small car segment bring new dynamics in the auto industry?’

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