News

The German machine tool industry experienced a 9 percent decrease in nominal terms for orders received in the third quarter of 2023 compared to the same period last year.

In an event held at Lonavala recently, Kirloskar Oil Engines recognized the outstanding contribution of Forms and Gears, one of India's oldest and best reputed Fixture building companies.

TRUMPF Group, a high-tech company, recorded a significant 27 percent increase in sales to € 5.4 billion (fiscal year 2021/22: € 4.2 billion) at the close of the fiscal year 2022/23 on June 30, 2023—the highest sales revenues in the company's 100-year history to date. The order intake again exceeded the € 5 billion mark, but at € 5.1 billion, it fell noticeably short of the previous record level (fiscal 2021/22: € 5.6 billion).

Nikon SLM Solutions AG and Materialise NV, both global leaders in 3D printing technologies, unveil a collaborative venture to cultivate the ensuing generation of Materialise build processors (BP) tailored for Nikon SLM Solutions printers, seamlessly integrating them into the Materialise CO-AM platform.

GrindingHub, slated to open in six months, is already poised to be bigger and more international, as 375 companies from 28 countries have already secured a place at the trade fair for grinding technology from May 14-17, 2024, in Stuttgart.

WIDMA® Machining Solutions Group of Kennametal India Ltd, a leading manufacturer of metal cutting CNC machines, announced the launch of the VT850, a 2-axis, standard ‘plug-and-play’ vertical turning lathe designed for machining a wide range of large components that require heavy metal removal and unmatched accuracy with best-in-class productivity.

The Delhi Government has introduced the draft Electronic System Design, Manufacturing, and Refurbishment (ESDMR) policy for 2022-27, emphasizing plug-and-play facilities for designers and manufacturers in its pursuit of an electronic city. Earlier, the Industries department declared that a 22.34-hectare area in Baprola industrial area would be transformed into an industrial park.

UCIMU-SISTEMI PER PRODURRE’s Economic Studies Department & Business Culture Centre reported a 19.9 percent decline in the index of machine tool orders during the third quarter of 2023, in comparison to the July-September 2022 period.

India’s manufacturing industry is showing promising growth with a significant 36 percent surge in job opportunities, reinforcing the nation’s commitment to becoming a global manufacturing hub, as per recent data from Indeed, a premier job website.

India’s electronics manufacturing sector is growing, with 93 percent more apprenticeships in the fourth quarter of FY22-23, according to a report by TeamLease Degree Apprenticeship—India’s first and largest Degree Apprenticeship Programme. The electronics industry is predicted to grow to US$ 400 billion by 2025, and this sector is expected to provide 10 lakh jobs by 2025-2026.