FACTEQ 2024 to Lead the Charge in the Manufacturing Frontier

Indian Machine Tool Manufacturers’ Association (IMTMA), the organizer of the renowned show IMTEX, introduces FACTEQ 2024, a factory equipment expo designed to support the factories of the future in building, maintaining, and upgrading their facilities.

Scheduled to collocate with the Pune Machine Tool Expo (PMTX), FACTEQ will take place from May 23-26, 2024, at the Pune International Exhibition and Convention Centre, Pune.

Quality is of utmost importance in manufacturing, leading to a strong emphasis on producing goods with precision and efficiency. As a result, companies are actively exploring ways to invest in advanced technology to improve their production processes. The upcoming exhibition is poised to display a wide range of solutions tailored specifically for improving technology and factory environments.

Exploring Innovative Solutions
The event in conjunction with PMTX, is anticipated to auger well for the development of factories in and around Pune, which is home to several startups, industrial units, and research centers, as well as in India’s western and northern regions.

These exhibitors will unveil a diverse portfolio of products and services, including air and water systems, security systems, material storage solutions, sustainable technologies, factory furniture, electrical and lighting solutions, information systems, and hardware, among others.

These exhibits are meticulously designed to elevate operational standards, encouraging companies to commission higher-efficiency factories and promote sustainability in India’s manufacturing sector.

Sustainable Shift: Promoting Homegrown Technology
Embracing state-of-the-art technology is essential for boosting plant and factory efficiency. The expo embodies the significance of utilizing advanced technologies to help factories meet energy efficiency targets and promote a greener, more sustainable ecosystem. This transition to advanced technology not only enhances operational efficiency but also encourages localized manufacturing processes. As a result, it reduces the dependence on imports and promotes homegrown machine tools and factory equipment, thus aligning with the expo’s vision.

Global Trends and Indian Manufacturing
Amidst the worldwide push for sustainable, digital, and resilient manufacturing practices, India has emerged as a prominent manufacturing hub. The country’s favorable business climate, coupled with government initiatives like production-linked incentives (PLI) and extensive infrastructural development, has attracted significant foreign investments in addition to the influx of large foreign firms into India's manufacturing sector.

With foreign investments fueling growth and innovation, the exhibition will aim to serve as a platform for showcasing how India’s manufacturing landscape aligns with these global trends and is evolving to meet the demands of the future.

Investment Surge and Industry Impact
As India’s manufacturing industry aims to reach a US$ 1 trillion contribution to the economy by 2030, the growth will inevitably generate demand for new factories and the upgradation of existing facilities. The expo anticipates a surge in investments across sectors such as energy storage, green technology, biotechnology, semiconductor manufacturing, and more. These investments are expected to fuel the establishment of new factories by major international firms, contributing to the country’s growth trajectory and export targets.

The event’s diverse attendee profile encompasses Chief Executives, Factory Owners, Government Officials, Quality Assurance Heads, Service Engineers, and other esteemed roles within the manufacturing sector. This mix reflects the industry’s keen interest in sustainable solutions showcased at the expo, making it a pivotal platform for supporting nationwide growth.

The Countdown Begins
The upcoming event will facilitate networking opportunities for exhibitors, connect them with prospective buyer delegations, and provide insights into the evolving manufacturing sector, spanning diverse industries like aerospace, automobiles, defence, pharma, and many more.

For more information, you may please mail at imtma@imtma.in