PUBLISHER’S NOTE
Dear Readers,
The Year 2022-23 can be termed as satisfactory for the Indian Machine Tool industry in terms of business growth. With the Government of India’s big push to drive the economy through infrastructure development and numerous other initiatives, there was a surge in demand for machine tools.
The current issue of Modern Manufacturing India (MMI) focuses on how the Indian Machine Tool industry is building its future through the development of new technologies and growing its trade and exports through various initiatives with rich insights from the industry.
To strengthen indigenous manufacturing through homegrown technologies, institutions like Advance Manufacturing Technology Development Centre (AMTDC) at IIT Madras and other entities are doing active research, either through self-funded or government-funded schemes. As this happens, industries will be able to manufacture unique and novel products having good build quality that would find domestic and global acceptance.
As part of its core objectives, Indian Machine Tool Manufacturers’ Association (IMTMA) has been extending its support to its member companies to find avenues in overseas markets. Towards this, the Association has encouraged companies to participate in leading global exhibitions. This has sharpened the competitive edge of the Machine Tool industry both in terms of its exposure to technology and business. IMTMA carries out market research about prospective countries having good potential to source Indian machine tool products. This helps member companies get an understanding of the market needs in overseas geographical regions.
I sincerely believe that all the articles and chapters in this issue along with other thought-provoking stories on manufacturing technologies would keep readers engaged. Also, I urge readers to share their valuable feedback which will help us in understanding your needs better and improve accordingly.
Happy reading!
Jibak Dasgupta
Director General & CEO
Indian Machine Tool Manufacturers’ Association
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