Machine tool industry cheers govt initiatives

Major metal forming machine tools exhibition, Imtex Forming and Tooltech 2016, kicked off here on Thursday.

The six-day event is organised by Indian Machine Tool Manufacturers Association (IMTMA).
While Tooltech would focus on dies and moulds, forming tools, machine tool accessories, metrology and CAD/CAM, Imtex will showcase latest machine equipment, processes, tools, accessories, software and raw materials, as well as feed stocks required to manufacture formed parts in every engineering application.

Inaugurating the exhibition, IMTMA chairman (Exhibitions) Jamshyd N Godrej said, “Machine tool is an important contributor to India’s economy, and therefore, investment in the machine tool industry has a direct bearing on the overall economy.”

Godrej added, “We expect 50,000 visitors during this event, which has attracted more than 70 trade delegations from various manufacturing industries and exhibitors from 23 countries with four country partners China, Germany, Taiwan and Japan.”

IMTMA president P G Jadeja said, “Several policy initiatives of the government have created a positive sentiment and has helped the machine tool industry to move ahead on its growth path, and India is set to become a global player.”

On the occasion, seventh IMTMA – Premier Outstanding Entrepreneur Award in memory of Vinod Doshi has been conferred on Ace Manufacturing Systems Managing Director P Ramdas.

Karnataka Minister for Large and Medium Industries and Tourism R V Deshpande urged the captains of industry to utilise the land bank of 25,000 acres available in Karnataka.
He reiterated that Bengaluru is a home of over 400 MNCs engaged in R&D.