VDMA India initiated the year with a CEOs RoundTable dialogue, held in partnership with Axis Bank, hosted in the city of Pune. This collaborative event served as a platform for executives to engage in thoughtful discussions and exchange insights on pertinent industry topics.
VDMA India represents the Indian arm of the German Engineering Federation, VDMA, fostering collaboration and knowledge exchange in the machinery and engineering sector. Established in 2004, VDMA India supports German companies and promotes Indo-German collaborations.
Axis Bank, one of the major Indian financial institutions, has been a cornerstone in the country’s banking landscape since 1993. Known for its innovative financial solutions, Axis Bank caters to a diverse clientele, providing comprehensive banking services, including retail, corporate, and investment banking.
Examining the vast possibilities that India presents for manufacturing, particularly in light of initiatives such as Aatmanirbhar Bharat and Production Linked Incentives, the session titled “Making India a Centerpiece of your Global Strategy” explored the measures being taken to streamline business processes, provide tax incentives, enhance infrastructure, and cultivate a proficient workforce.
The discussion shed light on how the nation is actively simplifying operational procedures, extending tax benefits, advancing infrastructure development, and nurturing a highly skilled workforce, all aimed at positioning India as a key element in global strategic considerations.
Nitin Anand, Director and Head of MNC Acquisition at Axis Bank, deserves appreciation for his enlightening address. The event was enriched by the valuable contributions of other distinguished speakers from Axis Bank, including Brejesh Chalill, Executive Vice President & Head of Treasury and Markets Sales; Saurav Raj Goswamy, Vice President; and Mahesh Muchhal, Vice President of Corporate Banking at GIFT City IBU.
In the aftermath of the pandemic, the transformation of global supply chains has underscored the importance of adept working capital management. The readiness of banks such as Axis Bank to bolster diverse financial needs reflects a strategic alignment with the evolving dynamics of the post-pandemic economic landscape.
This concerted effort positions the Indian industry on a trajectory toward ascending the value chain, establishing itself as a pivotal hub for the nuanced and high-value manufacturing of complex products on a global scale.
