Cruising Towards Vibrant Manufacturing

Dear Readers,

Wish you a very happy 2018!

we are at the beginning of a promising year. The Reserve Bank of India has forecast an economic growth of 6.7 percent for 2017-18. Even the rupee is gaining on the US dollar which bodes well for indigenous manufacturing. With the effects of demonetization and GST firmly put behind, the country can march forward with renewed vigour.

A sustained revival of economy is on the cards with manufacturing PMI rising to 54.7 in December 2017.

The Government of India’s reforms have boosted India’s medium term outlook. While Moody’s report upgraded India’s credit ratings, World Bank gave India a 30 place jump on its Ease of Doing Business ranking. As per Central Statistics Organisation and International Monetary Fund, the country is expected to be one among the top three economy giants in the world over the next 15 years.

With fresh investments in sectors such as aerospace, defence, railways, infrastructure equipment and so on, machine tool industry can look to expand its horizons towards serving these niche industry segments which will lead to long-term growth.

We begin the year with our flagship event, ‘IMTEX FORMING 2018 and Tooltech 2018’ scheduled from 25-30 January 2018 at Bangalore International Exhibition Centre (BIEC), Bengaluru. The show will feature participation from 23 countries. Coinciding with the event, IMTMA is organizing an International Seminar on Forming Technology on 24 January 2018.

In this edition of MMI, you will get to read more about our flagship exhibition. I firmly believe that these exhibitions will be a great platform for knowledge sharing and business development.

I am confident that 2018 will usher in a new era for manufacturing.

See you all at IMTEX FORMING 2018 and Tooltech 2018 at BIEC, Bengaluru.

P Ramadas
President, Indian Machine Tool Manufacturers’ Association

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