India’s manufacturing sector witnesses a rise in its stature in the global scene. Through the EMO Hannover 2017 platform, the country aims to provide a glimpse to the world of its potential by exhibiting its finest.
The Indian machine tool industry has a strategic role to play in the country’s pursuit of transforming itself into a manufacturing powerhouse. Given that it makes the machines required for the manufacturing sector, the machine tool industry is vital to the government’s flagship 'Make in India’ and ‘Skill India’ initiatives.
The sector today shares spotlight with the world’s best machine tools markets. According to V. Anbu, Director General & CEO, Indian Machine Tool Manufacturers’ Association (IMTMA), in 2018-2019, there is an estimate of the Indian machine tools worth $1,299 million and $2,259 million to be produced and consumed respectively.
To facilitate further growth, various initiatives are underway such as a machine tool park near the city of Bangalore, shares P Ramadas, President, IMTMA.
It is an opportune moment for the Indian machine tool players to showcase their finest offerings at EMO Hannover. Around 14 IMTMA member companies are partaking in the event.
Indian Machine Tool Manufacturers' Association (IMTMA), www.imtma.in, Hall 16, Booth B72