BEING UNSTOPPABLE…

A couple of decades ago, it was almost unthinkable for the Indian Manufacturing sector to rise as a global hub of production activities. Cut to the chase, today the sector is redefining the country’s economic landscape. The nation's steadfast commitment to industrial growth is drawing global investments.

As per the Department for Promotion of Industry and Internal Trade (DPIIT), India attracted US$ 16.28 billion in Foreign Direct Investment equity inflows in the first quarter of 2023-24. Acknowledging India’s immense potential, global industry titans are setting up their state-of-the-art facilities in India. The Indian Machine Tool sector is also witnessing a surge of investments from both home-grown and international players. Aside from injecting capital, these investments bring knowledge transfer of cutting-edge technologies and expertise, propelling Indian manufacturing onto the global stage.

In this context, we take pride in sharing that lately, we had the opportunity to be part of momentous inaugural ceremonies of the new factories of Zimmer Automation Pvt Ltd in Maharashtra, Bharat Fritz Werner Ltd in Tamil Nadu, and GROB Machine Tools India in Andhra Pradesh respectively.

India is firmly positioning itself as a manufacturing juggernaut on the global stage, aiming to be a US$ 5 trillion economy by 2027 and achieving the status of a developed economy by 2047. Hence, this is an opportune time for companies to showcase their technological bandwidth and capabilities in manufacturing-specific trade shows where quality attendees take precedence over just numbers.

Indian Machine Tool Manufacturers’ Association (IMTMA) presents the most-awaited Pune Machine Tool Expo (PMTX) 2024, a premier event showcasing the latest innovations in manufacturing. Co-located with FACTEQ 2024, a factory equipment expo that aims to revolutionize factory environments with state-of-the-art solutions, the event will be held from May 23-26, 2024, at Pune International Exhibition and Convention Center, Moshi, Pune.

IMTMA trade events are not mere for showcasing engineering marvels; they are a celebration of our strength in the field and we being a highly coveted manufacturing hub. We look forward to meet you in-person at PMTX 2024.

Together, we have the power to inspire, connect, and deliver on new opportunities and rich experiences that can open doors to innovation and progress while growing global economies and increasing well-being.

– Tae Yoo

SOUMI MITRA

Editor-in-Chief
Modern Manufacturing India
soumi.mitra@magicwandmedia.in