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Dear Readers, Espousing technologies and solutions across the entire spectrum of manufacturing with optimized resource utilization is imperative for maintaining excellence in business. It is with this aim that the Indian Machine Tool Manufacturers’ Association (IMTMA) is participating in the International Manufacturing Technology Show (IMTS 2024).

A country’s economic growth and prosperity include manufacturing as a key component, and the story is no different for India, where manufacturing is becoming an integral part of its growth.

In the world of manufacturing engineering, tool and fixture design, few names shine as brightly as that of Kurien Paul. A man of unwavering integrity, unparalleled expertise, and unrelenting passion, Kurien left an indelible mark on the industry, inspiring generations of engineers and mentoring countless individuals who went on to become leaders in their own right.

Dear Readers, As the world’s largest democracy and a liberalized economy, India has been faring well in terms of economic growth. Reforms initiated by the Government, a positive business climate, and overall enthusiasm to excel are key factors driving this growth, with an estimated 8 percent GDP growth earmarked for the year 2024-25.

India’s consistent growth, as reflected in the manufacturing PMI of 58.5 in June 2024, depicts a story of optimism and promise. Consumerism in India is being boosted by the Union Government’s efforts in infrastructure development, manufacturing, and economy. The rise in middle to high-income bracket households depicts our acceleration toward becoming a consumer-driven economy.

The recently released 2023-2024 Economic Survey reflects a strong growth curve of an innovation-driven industrial ecosystem. The DPIIT-recognized startups in India crossed 1.25 lakh in March 2024 from a mere 300 in 2016. As per the report, Indian startups have filed more than 12,000 patents from 2016 to March 2024.

Sandvik Coromant, the metal cutting tools expert, has reflected on the achievements and contributions of its female engineers, who continue to drive excellence in the industry on the occasion of Women in Engineering Day on June 23.

Despite 2023 being a challenging year for manufacturers, global manufacturing output is set to achieve a compound annual growth rate of three percent between now and 2027, according to technology insight business Interact Analysis. Here, Helen Blomqvist, President, Sandvik Coromant, the metal cutting tools and manufacturing solutions expert, explores how manufacturers can embrace current industry trends to tackle challenges and remain resilient in 2024 and beyond.

India began the financial year 2024-25 on an encouraging note with leading institutions including the International Monetary Fund (IMF) projecting a strong 6.8 percent growth despite the ongoing geopolitical scenario. Also, the Reserve Bank of India (RBI) projects a GDP growth of 7 percent for the current fiscal year that started from April 1, attributing it to consumption demand and private capex spending.

Dear Readers, With many industries shifting their base to India in recent years, the country has become a center point for manufacturing. Global giants like Apple (phone manufacturing), Tesla (automobile manufacturing), and Foxconn (electronics manufacturing) are prime examples