DR. ADARSH KISHORE an IAS officer of 1969 batch has on 1st June, 2004 assumed charge as Secretary to the Government of India in the Ministry of Heavy Industries and Public Enterprises. Prior to this, he was Secretary to the Government of India in the Ministry of Statistics and Programme Implementation. Dr. Kishore also served as Additional Secretary for nearly 3 years in Ministry of Finance, Department of Economic Affairs.

Dr.Adarsh Kishore has also worked with the State of Rajasthan at senior positions like those of Principal Finance Secretary and Principal Secretary to Chief Minster.

He holds a First Class Master's degree in Political Science and Ph.D. in Policical Economy. In 1995 he published a fairly well acclaimed research work inbook form entitled 'Land, State and Poverty'. He also has to his credit another published book "Economic Reforms: State Market Synergy" based on his post doctoral research work at Oxford University, U.K. in which he has examined the changing role of State in the context of Stabilization, Structural Adjustment and Economic Reforms and the role of international financial institutions. He has also published several research paper in academic journals on the subjects of economy, poverty and finance.

From M.D.'S DESK

Some times when I am at leisure, I sit back and think about the status of the company 3 years back and various strategies to be adopted to fulfill the company's "vision" -to become one of the best 3 Machine Tool companies in India by the year 2005.

Three years ago Praga was declared terminally sick company. The closure of the company was looming large and was inevitable. However, the company had made significants progress during the past three years. The remarkable contributions of two vital sectors have made this company to stage a come back with in a short span of time.

Praga's philosophy is people first. The employees of teh company have under gone hardships. But they havenot lost the hopes. Through persistent hard work and determination, what I call commitment and mutual responsibility, our employees with a feeling of belongingness have played a crucial role in turning around the company from RED TO BLACK.

Praga in recent past had identity crisis. Many of the esteemed customers were under impressions that the company got closed. But praga like any growing organization move through distinguishable phases of development with certain management crisis and turbulence. Our customers too have faced certain difficult situations. However, my special praise goes to them. We, at praga take customer's compalin and feed back as gift. All of them have reposed confidence in the company without any reservations.

In recent past, Praga management has focused on make & sell machine tools, then slowly focused on efficiency on operation. Now the agenda before us is the expapnsion of market through product segmentation and with problem solving and innaovation.

The satisfaction of a job will done and the yearning for excellence.

The joy of repeat orders from happy and satisfied customers - the focus on quality and service.

The thrill of exporting successfully agains global competition.

The glow of seeing employees improving their standard of living.

The fulfillment that comes from sharing and caring of employees and customers in equal measures.

Praga's earlier set backs has now turned in to come back through its Vision, Decisions, Actions and Commitment.

Every one at PRAGA now very well understand that Hard Work brings PROSPERITY while playing around brings POVERTY.

- KISHAN L. MEHROTRA.

RECENT DEVELOPMENTS AND HAPPENINGS

• Exports have picked up in a strong way indicating an increasing trend for this year (2004-05). Orders have been received VALUED at Rs.45 Lakhs approx. for our Thread Rolling Machines from South Africa and UAE

UAE Customers at our works

• On the domestic part, there has been a marked increase in the order inflow over the previous year, thus indicating a positive trend and an ever increasing customer credibility and confidence for our products and services.
• Retrofitting of CNC Horizontal Machining Centre at HVF Avadi, has been successfully completed. The Old CNC system (Fanuc11M) supplied in the year 1988 with the machine has been replaced with the state of the art Fanuc OIMA thus upgrading the technology at the customers place and ensuring productivity and accuracy.
• The work of retrofitting of 2 Nos. of Horizontal Machining Centre at O.F. Kanpur is also underway.
• Praga further received reconditioning / retrofitting orders 2 Nos. of Horizontal Machining Centre Models H60A, H60B, earlier supply in 1989 from BEML, Bangalore.
• In the first quality and timely deliveries of Praga.

Sandhar Auto, Gurgaon	Kirloskar Oil Engines, Pune
Sundram Fasteners, Chennai & Madurai	Lucas TVS Chennai
Omax Autos, Gurgaon / Bangalore	Mico, Nashik
Hindustan Motors, Indore	NSIC, Chennai
Gala Springs, Mumbai	Groz Beckert, Chandigarh
Bimetalic Bearing, Bangalore	IISC, Bangalore
TRTC, Guwahati	Airtech, Dharvad
Uniparts, Noida

THE EXCHANGE OFFER FROM PRAGA

Consider for a moment that you can upgrade your manufacturing facility by bringing your old machines in exchange of New machines. We feel it is fantastic !! Because no other supplier / manufacturer of Machine Tool in India has an exchange offer like ours, Praga will give good value to your old machines which will be offset against the price of New Machines.

* (Conditions apply) Please contact us for further details.
	Our Business Development Team

PRAGA EX-EMPLOYEES MEET

An ex-employees meet was organized during the 2nd week of May to apprise them of the new developments taking place at Praga Tools. The turnout was beyond our expectations and valuable suggestions were made during the meet. These ex-employees have committed themselves to be Praga's Brand Ambassadors for propagating Praga & its products.

Surface Grinder, Table size 800mm x 400mm, 1000mm x 600mm will shortly be introduced in the market.
Economical Models of 15T, 12T Thread Rolling Machines with model Nos. 515E & 12E have been introduced in the market.
3 in 1 Grinding center having the features of Tools & Cutter Grinder, Surface Grinder and Cylindrical Grinder (Hydraulically operated) is on the anvil for release in the market shortly.
CNC Surface Grinder of 2HP capacity has been released in the market and has gained wide customer acceptance.
CNC Cutter and Tool Grinder - very competitively priced with 4 Axes control was showcased in IMTEX-04 generating enquiries and orders.
CTG with Hydraulic mechanism were introduced.

PRAGA's banner and supplement has been listed in www.kompass.com. Kompass is considered by business professionals worldwide as the best source of information on companies, their product and services. Kompass is supposed to be the world's leading Business -to - Business information provider present in 75 countries.

FEATURES OF WWW.KOMPASS.COM include

1.8 million companies information
23 million key product and service references
3.4 million executive names
7,90,000 trade and brand names
52000 Kompass classification codes in over 75 countries

With Praga's thrust towards exports, its global presence will receive a major boost through Kompass. Praga anticipates a surge of enquiries from abroad which will culminate in the achievement of its exports target. Praga's long term strategy is to become the Asia-hub for major Machine Tools manufacturers of the West and Praga will become the link to the SAARC Nations and South Asian markets.