Shriram Pistons & Rings, said, "The challenge to meet the targets of AMP- 2026 would require additional investments to the tune of $100 billion not withstanding the fact that the industry has witnessed declining returns on capital." Speaking during the panel discus- sion, Or Pawan Goenka, Executive Director & Group President (Automo- tive & Farm Sector), Mahindra & Mahindra Ltd, said, "We are happy to witness Indian component makers become a part of global supply chain where exports grow consistently at double digit rate. However, we need to be mindful that our imports still outnumber the exports and hence going forward, emphasis must be given to increase exports." The 55th Annual Session & National Conference concluded at a high note witnessing over 1,200 participants. Among the eminent speakers from industry and Government who graced the event included Mr Anant Talaulicar, CMD, Cummins India, Mr.Harish Lakshman, MD, Rane TRW Steering Systems, Mr Claude d'Gama Rose, MD, Continental Automotive Components (India) and Mr Rajat Dhawan, Director and Mr Shivanshu Gupta, Partner, McKinsey & Com- pany, India. Dignitaries at the ACMA Annual Session and Union Minister Mr Anant Geete, releasing the copy of the ACMA McKinsey joint study at the inaugural ceremony component industry accounts for around 40 per cent of Indian manu- facturing. It is therefore not surprising that the 'Make in India' campaign, which is a blueprint to develop the country's manufacturing, resonates well with ACMA's road map of a vibrant auto component manufactur- ing global-hub in India." Recent growth in auto component exports at 11.4 per cent is a clear indication of the growing credibility of 'India made' components in the global auto supply chain, Mr Suri added. Addressing safety issues faced by the industry. Mr Vi nod K Dasari said, "Our industry needs to address safety and emission by harnessing frugal engineering skills as also offer such solutions to the world. The industry needs to focus on quality." Mr R.S. Katoch, Secretary, Depart- Mr Ashok Taneja, MD & CEO, Shriram Pistons, moderating the panel discussion at the meet ment of Heavy Industries & Public Enterprises, commented, "There are significant reformative measures undertaken by the Government across various crucial factors required to ensure 'Make in India' is a success." Focusing on additional investments, Mr Ashok K. Taneja, MD & CEO, Mr Jagdeep Rangar, Stork Rubber, S.K. Arora, Abilities India, Rattan Kapur, Mark Exhaust Systems and Sanjay Malhotra, Jumps Auto Industries October 201'5 scooter guide 29