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    Proceedings of the 54th Annual General Meeting of the Association held at 7.00 p.m. on Wednesday, 27th August, 2014 at Sunset Lounge,

    Pool Level, Hotel Trident, Nariman Point, Mumbai 400 021


    The list of members who attended the meeting is given in Annexure „A‟. Chairman

    Mr. Prakash K. Bhagwati, Chairman of the Association conducted the meeting.

    Mr. Prakash Bhagwati extended a hearty welcome to the Chief Guest Padma Bhushan Dr. T. Ramasami, Former, Secretary, Department of Science and Technology, Government of India, the Guest of Honour Mr. Yogesh Kusumgar, President & CEO, Kusumgar Corporates Pvt. Ltd., Mumbai and other dignitaries present to the 54th Annual General Meeting. The Chairman thanked Dr. Ramasami who in spite of his busy schedule agreed to grace the occasion as the Chief Guest and to present the Export Promotion and R&D Awards to the winners.

    He also expressed his sincere thanks and gratitude to Mr. Yogesh Kusumgar for accepting TMMA‟s invitation to be the Guest of Honour. He then introduced the Chief Guest to the audience.

    Padma Bhushan Dr. T. Ramasami holds a Master's degree in Leather Technology from the University of Madras, India and PhD in Chemistry from the University of Leeds, UK. He had worked on energy research in Ames Laboratory Iowa, USA and on electron transport phenomena in the Wayne State University, USA prior to returning to India for undertaking his scientific career. He joined the Central Leather Research Institute, Chennai as a Scientist in 1984 and served as its Director for more than 10 years during the period upto May 2006. He is known among the scientific establishments in the country for his outstanding leadership to the Central Leather Research Institute which made the institution earn a global leadership status.

    Dr. Ramasami had served as the Secretary, Ministry of Science & Technology in the Government of India from May 2006 to April 2014. He was engaged in the development of policies and programs for attracting of talents for study and careers with science, rejuvenation of research in universities, stepping up of international Science & Technology cooperation, development of public-private partnerships in R&D sector and accountability of public funded research, development and demonstration.

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    Dr. Ramasami has a large number of publications to his credit in highly peer- valued journals and significant number of patents, which are under commercial exploitation. He has made some important contributions in the fields of inorganic chemistry as well as chemical and leather related technologies. His contributions to the understanding of the chemistry and applications of chromium as well as leather science and environment related technologies have earned him several professional recognitions in both India and abroad. These include the Shanti Swarup Bhatnagar Prize for chemical sciences in 1993, election to all major science academies as a fellow as well the Third World Academy of Sciences and the National civilian award Padma Sri in 2001. Recently he has been awarded Padma Bhushan for his contribution to Science and Technology in 2014. Mr. Prakash Bhagwati also expressed his sincere thanks and gratitude to Mr. Yogesh Kusumgar, President & CEO, Kusumgar Corporates, Mumbai, who has agreed to be with us on this occasion as the Guest of Honour. He briefly introduced the Guest of Honour to the audience. Mr. Yogesh K. Kusumgar was the Principal and Head of Mechanical Processing Department at SASMIRA. He started his own business in the year 1970 and is the promoter of Kusumgar Corporates Pvt. Ltd., Mumbai. He commenced his business activity with Filter Fabrics but promptly shifted to critical Aerospace Textiles including Parachute Fabrics for various applications such as Man Drop Parachutes, High Altitude Parachutes, Brake Parachutes, Cargo Drop Parachutes, Sea Mine Parachutes, Illuminating Parachutes etc. He was conferred “National Award for Indigenization – 1994-95 “for indigenization of Brake Parachutes for MIG Aircraft. He expanded NBC protective clothing, High Altitude Textiles, Aerospace Textiles, Balloon fabrics, Inflatable Textiles etc. In the area of Non-defence Technical Textiles, he engaged in coated fabrics, medicinal textiles, Geotextiles etc. Mr. Kusumgar indigenized ballistic resistance fabrics made from Poly Aramid yarns (Kevlar/Twaron) which has been accepted by local and international authorities. Today, his Company, Kusumgar Corporates Pvt. Ltd. is recognized as a pioneer in Technical Textiles in India.

    He has published and presented more than 21 Technical Papers on different aspects of Technical Textiles at various conferences, seminars and workshops. He is a Member of Parachute Industry Association (PIA), USA. He is also a Member of Committee of Bureau of Indian Standards (B.I.S.) and Member of Steering Committee for Growth & Development of Technical Textiles (SCGTT), under the Ministry of Textiles, Govt. of India.

    His vast experience in the area of technical textiles and sharing of his experience would help us to identify opportunities in this unexplored as well as exciting new area.

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    In his welcome address, the Chairman Mr. Prakash Bhagwati enumerated the role of the Association that has transformed the textile engineering industry in the post-reform era of approaching Governments for concessions and reliefs to initiating measures to revitalize the industries, market studies and exploration, expanding the horizon for accelerated modernization and R&D promotion.

    He touched upon the state of the economy and the industrial growth achieved during the last two years, witnessed lowest GDP Growth rate in this decade. It was 4.5% for the year 2012-13 and 4.7% for the year 2013-14. Inflation has remained during this period stubbornly high at a dangerous level of 9.49% on an average basis. Policy basic rate of Interest therefore was raised to 8% by RBI to tame inflation. This high cost of capital has seriously effected investment in capital goods. Textile industry was badly hit as demand on account of high inflation had not grown at all. We, however, have witnessed in recent past growing of green shoots and we have started believing in the election promise of our Prime Minister that “Good Days are here to come.”

    Referring to the status of Textile Engineering Industry (TEI), he stated that the TEI were collectively having a production capacity of approx. Rs. 9,000 crore with over 1400 units spread all over India. Capacity utilization is approx. between 55% to 60%.

    He informed that the total requirement/demand from our customer industry was Rs.14,000 crore. The area of concern was that more than 55% to 60% of the requirement was met through imports. Out of huge imports of textile machinery aggregating to approx. Rs.9,000 crore more than 20% of the same was in form of used machines. As textile industry was very fragmented and major part of the same been in unorganized sector, new investments in equipment did not give a competitive edge against global players like China, Pakistan and Bangladesh.

    Mr. Bhagwati informed that India has huge potential to become a large player as China in textiles. India ranks amongst the top three countries as far as cotton production was concerned. Trained manpower was in abundance and had the benefit of home market where consumption was steadily growing on account of increasing income. The TEI should have to attain this status and it would need to focus all its energy on Innovation and Excellence.

    He stated that more than 80% members of TMMA are SME units and because of resources constraint would not be able to undertake R & D efforts on sustained basis, neither they would be able to invest into a dedicated facility for quality assurance & training.

    The Chairman added that TMMA have been playing the facilitator‟s role & with financial support in the form of grants, TMMA together with its members have got involved in various projects which would bring in desired sustainability to our efforts to attain world class quality standards. He complimented Department of Heavy Industry who have continuously encouraged us in realising our goals of creating a stable infrastructure necessary for acquiring excellence in TEI.

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    He informed that for promoting innovation and Research & Development following projects have been undertaken:

    1) Development of High Tech Shuttleless Loom in India

    TMMA has proposed for development of high speed high tech shuttleless rapier loom of international standard through a consortium of 5 manufacturers of shuttleless loom in the country with technical guidance and support from Central Manufacturing Technology Institute (CMTI), Bangalore. A tripartite agreement would be signed in presence of DHI officials with CMTI Bangalore and the loom Development Consortium. The total project cost had been estimated at Rs.20 crore. The Government assured 90% funding for this project under PPP mode.

    2) Common Facility Centre (CFC) for industry members for imparting excellence to their products.

    Mr. Prakash Bhagwati stated that for material testing, seeking third party quality checks, technical & management training facility CFC would prove very beneficial to Surat based SME units. TMMA in association with Surat Engineering Vikas