In his introductory remarks, Mr. N D Mhatre, Director General (Tech), stated that our members would benefit from today’s lecture given the significance of artificial intelligence in the current digital age. Since the textile industry is divided into decentralized sectors, it is extremely difficult to keep track of the product’s flow. Therefore, if we view this technology as an opportunity rather than a challenge, it will help us track the properties and characteristics of the product during its operation from field to foreign.
Today’s presentation will be beneficial to us because the data on marketing trends is crucial in preparing the strategies for manufacturing, products, and promotional spending in order to build the firm.
Through an agreement they signed, Tata Power Solar and ITAMMA established a strategic partnership to promote solar adoption in India’s textile industry, understanding that green energy will benefit all of us on our planet, whether we survive or grow.
In order to support ATMA Nirbhar Bharat in its development of “Viksit Bharat,” ITAMMA, under the “B K Mehta Technology Networking Mission,” brings together academia, research and industry associations, the government, and stakeholders from the textile engineering and manufacturing industries on a single platform. It also highlights and supports important innovations in the sector for the development of pilot project initiatives in collaboration with the stakeholders. This mission will be strengthened and encouraged by new projects and innovations by startups, according to the “Letter of Intent” signed by ITAMMA and Gujarat Student Start-up and Innovation Hub (i-Hub).
Mr. N. D. Mhatre, Director General (Tech) delivering his opening remarks
Mr. Bhavesh Patel, President, ITAMMA welcomed all the dignities with bouquet and mentioned that ITAMMA and its members have bagged the opportunity of transforming digitally in order to be with the changing trends Globally, and so ITAMMA also gets encouragement in organizing such programs on latest technologies for its members. Accordingly, ITAMMA is working very closely with important agencies like TATA, I-hub etc. to help members to face the Global challenges in Technology and Business.
Mr. Bhavesh Patel, President, ITAMMA delivering Welcome Address
Mr Nimish Sanghvi, Chairman , ITAMMA Gujarat Chapter introducing Mr Prakash Shah, Chairman, Prashant Group of Industries
Mr. Prakashbhai Shah, Chairman, Prashant Group of Industries stressed upon importance of ‘People rather than Profit’was felicitated with “Life –Time Achievement Award” by the Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt. of India, and all Office Bearers and members of Managing Committee of ITAMMA.
Mr. Prakash Shah, Chairman of the Prashant Group, Prasad Group of Industries, and PPI Pumps, was introduced by Mr. Nimish Sanghvi, Chairman of the ITAMMA Gujarat Chapter. He is having more than 55 years of experience in the industry.
He worked at Jyoti Industry after completing his engineering degree in the mechanical and electrical branches. In 1975, he then began producing liquid ring vacuum pumps.
He began with just four employees and has now expanded his operation to include over 1000 individuals and 110000 square meters of top-notch infrastructure.
Through a number of partnerships with the United States and Europe, Prashant Group is one of India’s leading groups in offering a one-stop shop for world-class weaving preparation. The group holds the top spot in India.
With a number of European partnerships and joint ventures, the Prasad Group is the biggest organization in India specializing in plastic auxiliary equipment. One of India’s top producers of liquid ring vacuum pumps is PPI Pumps.
Mr. Prakash Shah has been honoured with ‘RAJIV GANDHI NATIONAL UNITY AWARD’ for Outstanding services, achievements and contributions.
He has also been awarded ‘AMA-ATLAS DYECHEM OUTSTANDING ENTREPRENEUR OF THE YEAR in recognition for unique contributions in introducing technological innovation, indigenous development of technology , converting threats into opportunities leading to expansion and continuous diversification.
Additionally, Divya Bhaskar recently presented him with the “BHARAT KE RATNA-GUJARAT SE” award in recognition of his exceptional contributions as an entrepreneur.
The textile group, Prashant Gamatex, has received the Corp Excel award for excellence in textile machines under his direction. Respected shri Pranav Mukherjee presented Mr. Prakash Shah with the prize.
“We believe in creativity rather than cost” is his philosophy. “We believe in people rather than profit” and “We believe in motivation rather than manufacturing.”
In addition to his business, Mr. Prakash Shah is actively involved in social work, supporting a number of initiatives in Gujarat’s interior districts and Bihar, such as four schools for disadvantaged kids in Bihar.
Residential schools, vocational training, bamboo plantations, check dams, subsidized food banks, and numerous more initiatives for the betterment of tribal people are among the activities carried out in Gujarat’s Dhrampur area.
He is actively associated with the Art of Leaving Foundation, works to elevate Khadi and Gramodyog, and has a vision to use cluster development to provide jobs for women in India’s interior villages.
Mr. Prakash Shah, Chairman, Prashant Group of Industries felicitated with shawl by the Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt. of India, and all Office Bearers and members of Managing Committee of ITAMMA.
Mr. Prakash Shah, Chairman, Prashant Group of Industries felicitated with “Life –Time Achievement Award” by the Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt. of India, and all Office Bearers and members of Managing Committee of ITAMMA.
Mr. Prakash Shah, Chairman, Prashant Group of Industries delivering his speech
Mr. Arpit Ramesh Sidhpura & Ms. Pooja Arpit Sidhpura-Directors of the Company – Maksteel Wire Healds Pvt. Ltd., Vadodara. – ITAMMA Make in India Award – Award
Ms. Amoli Shah, Director of the Company – Prashant West Point Machinery Pvt. Ltd – ITAMMA’s Environment Friendly Award during 2023/24
Mr. Dipak Baraiya, Sr. Sales Executive of the Company – Super Tex Industries, Mumbai – SPECIAL AWARD FOR MICRO & SMALL ENTERPRISES
Mr. Arpit Ramesh Sidhpura & Ms. Pooja Arpit Sidhpura-Directors of the Company – Maksteel Wire Healds Pvt. Ltd., Vadodara. – HIGHEST EXPORT EXCELLENCE AWARD ( Textile Machinery Parts & Accessories)
Mr. J. M. Balaji, Vice President of the Company – Lakshmi Ring Travellers (Coimbatore) Pvt. Ltd., Coimbatore – SECTOR BASED EXPORT EXCELLENCE AWARD [Accessories Sector: Large Scale Manufacturers – Spinning]
Mr. Arpit Ramesh Sidhpura & Ms. Pooja Arpit Sidhpura-Directors of the Company -Maksteel Wire Healds Pvt. Ltd., Vadodara. – SECTOR BASED EXPORT EXCELLENCE AWARD [Accessories Sector: Large Scale Manufacturers – Weaving]
Mr. Diven Dembla- Director and Mr. Prashant Barve- Deputy General Manager ( Exports) of the Company – Precision Rubber Industries Private Limited , Mumbai – SECTOR BASED EXPORT EXCELLENCE AWARD [Accessories Sector: under MSME category] Spinning
Mr. Om Prakash Mantry – Managing Director of the Company – Century Inks Pvt. Ltd., Mumbai Mr. Om Prakash Mantry – Managing Director- SECTOR BASED EXPORT EXCELLENCE AWARD [ Accessories Sector: MSME-Processing]
Mr. Dipak Baraiya, Sr. Sales Executive of the Company – Yogesh Dyestuff Products (P) Ltd., Mumbai- Special Award for Dyestuff & Chemical Products
Jury for ITAMMA Awards Mr Avinash Mayekar, MD, SUVIN is offered the Memento by Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt. of India is offered the Memento by the Office Bearers of ITAMMA
LETTER OF INTENT executed between Gujarat Student Startup and Innovation Hub (i-Hub) (Mr. Hiranmay Mahanta, CEO, Gujarat Student Startup and Innovation Hub (i-Hub), Ahmedabad ) & ITAMMA (Mr Hiranmay Mahanta, CEO, i-Hub, Gujarat Student Start-up and Innovation Hub, Ahmedabad and Mr. Bhavesh Patel, President, ITAMMA signs and exchanges the letter of Intent )
LETTER OF INTENT executed between Gujarat Student Startup and Innovation Hub (i-Hub) (Mr. Hiranmay Mahanta, CEO, Gujarat Student Startup and Innovation Hub (i-Hub), Ahmedabad ) & ITAMMA (Mr Hiranmay Mahanta, CEO, i-Hub, Gujarat Student Start-up and Innovation Hub, Ahmedabad and Mr. Bhavesh Patel, President, ITAMMA signs and exchanges the letter of Intent )
MoU signed and exchanged by Mr. Shivram Bikkina, Chief-Rooftop Solar Business, Tata Power Renewable Energy Limited, Mumbai with Mr N D Mhatre, Director General (Tech), ITAMMA at Mumbai office and Mr Vishal Tiwari, Euro Premium Solar (Tata Power Solaroof) with Mr. Bhavesh Patel, President, ITAMMA during the function at Ahmedabad to promote Green Energy utilization in Textile Industry
MoU signed and exchanged by Mr. Shivram Bikkina, Chief-Rooftop Solar Business, Tata Power Renewable Energy Limited, Mumbai with Mr N D Mhatre, Director General (Tech), ITAMMA at Mumbai office and Mr Vishal Tiwari, Euro Premium Solar (Tata Power Solaroof) with Mr. Bhavesh Patel, President, ITAMMA during the function at Ahmedabad to promote Green Energy utilization in Textile Industry
Chief Guest Ms Roop Rashi, Textile Commissioner advised to concentrate on ‘Ecology rather than Economics’ She added that Sustainability needs to be given due importance to compete in today’s International Market and requested all the members to submit their suggestions and/or problems to her through ITAMMA whereby her office will take efforts in working the solutions on them. Responding to environmental concerns and demand from consumers, textile machinery manufacturers are developing technologies to address sustainability in terms of reducing manufacturing waste, saving in energy and water consumption, and producing yarns and fabrics from recycled and bio based fibers. It should be noted that sustainability and digitization are highly interrelated
Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt.. of India delivering Chief Guest Speech
Chief Guest Ms. Roop Rashi (IA&AS) Textile Commissioner, Ministry of Textiles, Govt. of India is offered the Memento by the Office Bearers of ITAMMA
Mr. Kedar Pandya, Director, SME Program of Wadhwani Foundation delivered his presentations on “ Importance of Generative AI for SME of Indian Textile Engineering Industry stating that three in four organizations are currently seeing ROI from their Gen AI Investment. 86% of organizations using Gen AI in production and seeing revenue growth estimate 6% or more gains, to overall annual company revenue. 84% of organizations successfully transform a Gen AI use case idea into production within six months. Once in production, organizations report an increase in annual revenue directly attributed to Gen AI in 12 or more months
[for detail presentations please write to [email protected]]
Mr. Kedar Pandya, Director, SME Program of Wadhwani Foundation delivering his presentations on “ Importance of Generative AI for SME of Indian Textile Engineering Industry”
Mr. J. M. Balaji, Vice President, Lakshmi Ring Travellers (Coimbatore) Pvt. Ltd., Coimbatore delivered his presentations on “ Marketing of Textile Machines and Components -it’s present trend and expected in future”
Some highlights- Key Happenings in 2024
Trend Reversal: Signs of Recovery
⮚ The textile and apparel market is beginning to recover following the challenges of 2023.
⮚ Improving consumer sentiment, a gradual resurgence in demand for casual & at leisure wear and easing supply chain disruptions were the key drivers of this change.
⮚ While the recovery remains cautious, it signals a potential positive trajectory for the industry
[for detail presentations please write to [email protected]]
Mr. J. M. Balaji, Vice President, Lakshmi Ring Travellers (Coimbatore) Pvt. Ltd., Coimbatore delivered their presentations on “ Marketing of Textile Machines and Components -it’s present trend and expected in future”
Mr. Vishal Tiwari, Euro Premium Solar (Tata Power Solaroof Authorized Channel Partner) delivered their presentations on “Revolutionizing the Textile industry with Sustainable solar Solutions”
Mr. Om Prakash Mantry, Vice-President, ITAMMA, in his Vote of Thanks after thanking all, mentioned that ITAMMA through its cluster development activities is already taking efforts in
updating, skilling and supporting its members about latest technologies and businesses by roping in various MoU Partners and Industry Experts. We are also making them ready for the challenges expected in this digital era of AI.
Mr. Om Prakash Mantry, Vice-President, ITAMMA, delivering Vote of Thanks.
Audience
Audience