Guest of Honour : Mr. Ravindra Gupta

"I was expecting Mr Ganesh to give a welcome address, but it was more of a wakeup call. I must complement ACMA for having instituted these national awards."

"….It is true that manufacturing is, especially, under pressure. For reasons of global economic slow down and certain issues and problems specific to our country, there is a greater pressure on manufacturing industry survive and do well. I am extremely proud of our auto component industry."

"I share the concern of ACMA that the first quarter for the first time has registered a negative growth. ….The government is seized of this problem……"

I hold the view that the reforms that have taken place is the tip of the iceberg…..structural reforms or domestic reforms, as Ganesh calls them, are extremely important if we have to not only nurture existing industry but attract investment and create income and employment."

"….However, it is our goal that we shall make this country a hub for small car manufacturers and a global source for automotive components…."

With this I would like to reaffirm my support, support of the Government for the growth of auto industry in this country and, also, like to reiterate my confidence in you.

Chief Guest : Mr Sachio Yamazaki - No change is the worst choice

"I am honoured to address this august gathering as a Keynote speaker"
"Re-alignments or Consolidation between auto giants are taking place ….. primary lessons we have learnt from this Global trend is that competition has led to Co-operation and not the other way round. …."

"We firmly believe that quality and cost are compatible, not a trade off"

"…Please note, we stress on cost reduction by various improvements and not merely by asking them to reduce price…."

"Need of the hour is change….We have to innovate, evolve and continuously improve. Change is a constant partner, it challenges and it brings out the best in all of us…. No change is the worst choice…"

"…we strongly believe that top Management's "Will" to change and long term commitment is very essential."

"But Co-operation is give and take …. both parties should be able to benefit, only then can Co-operation exist in Business…today, Toyota and General Motors have joined hands to undertake research on Fuel cell Development."

"I would like to take this opportunity to participate in your initiatives for co-operation in a small way. I invite all of you to visit our plant to initiate Co-operation amongst all of us."

With this concluding remark, Mr Yamazaki, could not have given greater proof of intent towards "Initiative for Co-operation".