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The increase in the adoption of digital technologies in manufacturing operations is leading to a spike in cyber threats.

Our Hon’ble Prime Minister Narendra Modi has called startups the ‘backbone’ of the new India and declared January 16 as ‘National Startup Day’. As readers, you must know that MMI carries a segment on budding startups and their laudable growth. Curious, we did some research on startups and found out that India has the third-largest startup ecosystem in the world and is expected to witness year-on-year growth of consistent annual growth of 12-15 percent. These statistics are based on a study done by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce.

At the outset, I would like to welcome all the readers of Modern Manufacturing India (MMI) magazine to a very happy and prosperous New Year. While IMTEX 2022 has been rescheduled, we are committed to holding the exhibition safely and successfully as soon as the uncertainties diminish.

The year 2021 was all about recovery and getting back to business, and we now have that in our rear-view mirror as we drive on towards a promising 2022 and beyond. Perhaps this would be a defining moment for India to succeed in its aspirations of being technologically competitive. Meanwhile, despite all the challenges arising from the pandemic, Indian Machine Tool Manufacturers’ Association (IMTMA) continues to usher in a new era of growth and bring innovative and specific solutions for industries.

In the preceding issues, we have been discussing setting goals, getting there, unlearning to learn, reaching objectives, etc. Perhaps we need to formally bring in the question ‘Why?’

Again, it is that time of the year when it calls for reflection on our experiences, memories, events, achievements, and bloopers. In a retrospective mode, we make a note of what we learned from the past year as we move on to the next.

The Manufacturing industry is trying to regain ground that it lost in the second wave of COVID-19. As the pandemic wanes, confidence in the economy is being strengthened.

I feel privileged to address the readers of Modern Manufacturing India (MMI) magazine for the first time since being elected as President of Indian Machine Tool Manufacturers’ Association (IMTMA) at its historic 75th Annual General Meeting (AGM) held in September 2021.

According to a McKinsey & Company report, there will be a “next normal” for manufacturers in the aftermath of COVID-19

Salesforce, the global CRM leader, recently announced a new third-party study addendum from the International Data Corporation (IDC) that finds Salesforce and its ecosystem of partners in India will create 1,328,200 jobs among Salesforce customers by 2026, including 569,800 direct jobs and 758,400 indirect jobs.