A Journey of Optimism

India’s consistent growth, as reflected in the manufacturing PMI of 58.5 in June 2024, depicts a story of optimism and promise. Consumerism in India is being boosted by the Union Government’s efforts in infrastructure development, manufacturing, and economy. The rise in middle to high-income bracket households depicts our acceleration toward becoming a consumer-driven economy.

The Indian Machine Tool industry has done well in FY 2023-2024, ranking 9^th in production and 6^th in consumption as per Gardner Intelligence’s ‘World Machine Tool Survey, 2023’.

While cementing our relations with the traditional sectors such as Automobile, Auto Components, General Engineering, etc., that we have been catering to, our continuous efforts are getting translated into the Machine Tool industry offering products and services to traditional and emerging sectors. These include Electrical and Electronics, Woodworking, Renewable Energy, Semiconductors, Toys, Medical Equipment, Aerospace, Defence, and Railways.

IMTMA’s outreach to improve innovation in manufacturing continues with its next event, the ‘Symposium on Automation & Robotics’ scheduled for September 24 - 25, 2024 in Pune. Smart manufacturing techniques, industrial automation and robotics, appropriate automation, and similar topics will be discussed at the symposium. It would be a great pleasure to meet you in person at the Symposium in Pune.

Wishing you a joyful reading experience of this edition of Modern Manufacturing India (MMI).

Rajendra S Rajamane
President 
IMTMA

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