Page 6 - MMI- Nov-Dec-2021

FOREWORD

USHERING IN A NEW ERA FOR MANUFACTURING

Dear Readers,
I feel privileged to address the readers of Modern Manufacturing India
(MMI) magazine for the first time since being elected as President of
Indian Machine Tool Manufacturers’ Association (IMTMA) at its historic
th
75 Annual General Meeting (AGM) held in September 2021.
The country is quickly emerging from the dark clouds of uncertainty
that had engulfed its economic landscapes due to the pandemic. The
resurgence of economic confidence is widely apparent with a recent
report of the International Monetary Fund (IMF) projecting real GDP to
grow at 9.5 percent and 8.5 percent in 2021-22 and 2022-23, respectively.

The economy is picking up pace as consumer demand improves and
supply constraints ease with strong agricultural production and resump-
tion of manufacturing activities. According to Reserve Bank of India (RBI)
estimates, India’s real GDP grew by 9.6 percent in the July-September quar-
ter. RBI survey also
reveals higher Gov-
ernment spending, IMTEX 2022, the metal cutting
stronger order books machine tool exhibition & IMTEX
and an improved pace FORMING 2022, the metal forming
Source: BFW of execution demand machine tool exhibition along with
leading
to improved
primarily
conditions,
in the Infrastructure concurrent shows - Tooltech 2022
and Services sectors. and Digital Manufacturing are being
held on January 20 – 26, 2022,
In the post-COVID at BIEC, Bengaluru.
era, we see different
RAVI RAGHAVAN opportunity frame-
PRESIDENT works emerging for
INDIAN MACHINE TOOL Manufacturing industries. The Machine Tool industry has been quick in
MANUFACTURERS’ ASSOCIATION adopting technologies and bringing in digitalization in the manufactur-
(IMTMA) ing ecosystem.
Manufacturers will have a lot to unearth when IMTMA organiz-
es its flagship exhibition IMTEX in January 2022. I am happy to
share that IMTEX 2022, the metal cutting machine tool exhibition &
IMTEX FORMING 2022, the metal forming machine tool exhibition
along with concurrent shows - Tooltech 2022 and Digital Manufac-
turing are being held together on January 20 – 26, 2022, at Bangalore
International Exhibition Centre (BIEC), Bengaluru. I call upon readers
to visit the show to witness a live demo of technologies and solutions.
IMTMA is also organizing the 15 th edition of the National Produc-
tivity Summit 2021 on 10 – 11 December 2021, as a virtual event and
IMTMA-ACEMICROMATIC Productivity Championship Awards 2021
will be conferred during the Summit.
Once again, I wish all the readers of MMI magazine, happy reading and
a great time ahead.

6 | November-December 2021 Modern Manufacturing India