FOREWORD

Dear Readers,

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.

The Indian Machine Tool industry, which globally ranks 13th in production and 7th in consumption as per Gardner Intelligence’s ‘World Machine Tool Survey 2020’, has been deriving a large proportion of its business from the Auto sector. However, with the thrust given by the Government of India to various sectors through PLI schemes, the Machine Tool industry, while continuing to retain its business with the Auto sector, is geared up to serve the requirements of the emerging sectors.

The Indian Machine Tool industry is working towards indigenization of imported aggregates, enhancing the reliability of local supply chain products, building cost-competitive quality products for both local and export markets, and acting as the single point of contact for addressing all challenges relating to machine tools and bringing competitiveness that is on par with international standards. In this art of survival, ‘Vision’ will be a pivotal factor in steering the industry to realize its goals. In today’s scenario, the world is changing rapidly, and the industry needs to embrace the changing order while keeping in mind the ‘big picture’. We need to ardently venture into new areas, hitherto unexplored, make the best use of technology, and take up R&D for product and process innovations.

Although our flagship event IMTEX has been rescheduled, we are fully committed to safely and successfully holding the event as soon as the uncertainties dwindle.

Once again, I would very much like to underline that we appreciate working closely with all of you and hope that the Year 2022 will bring you, your family, and your business excellent health and happiness.

Wish you a bright new 2022.

Ravi Raghavan
President
Indian Machine Tool Manufacturers’ Association (IMTMA)

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