News

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.

India is gearing up to ride the Artificial Intelligence (AI) wave, with plans to infuse US$ 967 billion into its economy over the next decade. Tasked with framing AI legislation, the Government-appointed expert group outlined a comprehensive roadmap in a 180-page report.

Blechexpo invited all experts in sheet metal working to Stuttgart for the exhibition. umati, the joint connectivity initiative of the German Machine Tool Builders’ Association (VDW), and the Mechanical Engineering Industry Association (VDMA) exhibited in the show.

Materialise NV, a global leader in 3D printing software and service solutions, and HP Inc, a global technology leader and creator of solutions for personal computing, printing, 3D printing, and more, announced a strategic partnership to integrate HP’s Multi Jet Fusion and Metal Jet additive manufacturing (AM) technology into the Materialise CO-AM software platform.

UNITED GRINDING Group has been present in the Southeast Asian region for many years through representatives and the WALTER EWAG Asia Pacific subsidiary. Now the specialist for grinding, eroding, laser, and measuring machines bundles and intensifies its activities in this region by founding a group subsidiary in Singapore, United Grinding Asia Pacific Pte Ltd.

An AI Advisory Body was established by António Guterres, Secretary-General of the United Nations to help the international community manage and govern Artificial Intelligence (AI).

India is embarking on an initiative to identify a dozen sectors with the potential to become global manufacturing hubs, aiming to revamp policies and provide critical infrastructure support.

Hind High Vacuum Advanced Technologies (HHVAT), a subsidiary of the Bengaluru-based HHV group and a leading provider of equipment’s in vacuum science, thin film technology, and optics applications for high-tech electronics and machinery, has successfully completed the installation of 2.5m Telescopic Mirror Coater (TMC) in Gurushikhar Peak of Mount Abu, Rajasthan, India, at an altitude of about 5,600 feet above mean sea level.