Jamshedpur, Nov 12: The 35th Annual General Meeting of Indian Value Engineering Society East Zonal Council (INVEST-EZC) was held on 10th November at a city hotel.
Chief Guest for the occasion Vishal Badshah, Sr. General Manager Product Line Operation M&HCV, Tata Motors emphasised upon importance of Value Engineering in today’s disruptive environment.
He also mentioned about its wider application at Tata Motors and its benefits to the bottom line of organisation. Value Engineering played a key role in turnaround of Tata Motors through cost containment and value enhancement at various stage gates of the product life cycle.
Chairman Sharat Kumar, Chief Project Jamshedpur, Tata Steel addressed the house and appreciated the good work being done by INVEST – EZC council and their faculty members. He also mentioned about the revival initiatives of various chapters of INVEST – EZC. He also emphasised on vision, mission specially the PACE (Promote, Advocate, Certify, Educate) program and plan for the near future.
Secretary Surya P Prabhaker, CVS presented the Annual Report of FY 18. He also presented the Financial Report in absence of Treasurer.
70 members along with their spouse mainly from Tata Steel, Tata Motors, TRF, TCIL, JUSCO, Tata Hitachi and Tata Cummins participated in the AGM of INVEST-EZC. AGM ended with entertainment program followed by dinner.