With Prime Minister Narendra Modi making a major push for ‘Make in India’, the international spotlight is on India’s manufacturing sector. The 6th India Machine Tools Show 2015 opened today with the focus of promoting greater innovation and better manufacturing in India’s machine tools sector, with over 150 exhibitors showcasing the innovation in technology and design being undertaken by them.
The inauguration of the 6th edition of the exhibition was attended by some imminent dignitaries including Kalraj Mishra, Union Minister for Micro Small and Medium Enterprises.
With a participation of more than 1000 companies from India and at least 100 companies from the top league of capital goods sector, IMTOS has over the years emerged as the country’s leading exhibition on machine tools and automotive technology. Organized by K and D Communication Limited, the India Machine Tools Show (IMTOS) 2015 is officially supported by ‘Make in India’ campaign and promises to provide a major interface between Indian manufacturers of machine tools and international companies to boost trade and exports.
Speaking on the occasion of the inauguration of the 6th India Machine Tools Show 2015 today, Mishra said it is important to encourage entrepreneurship and promote start-ups for innovation in machinery and manufacturing industry in India.
“Instead of importing products and tools from foreign land, we as a developing country, should strive for manufacturing better machinery here. This drive towards indigenous manufacturing will help Indian industries to learn advanced manufacturing techniques and better production. Special efforts should be made to recognize, support and develop the role of Indian MSMEs and enable them to compete internationally. MSME’s should also be provided with mentoring support through NSIC and other agencies to promote skill development. This will also provide a major interface between Indian manufacturers of machine tools and international companies to boost trade and exports implied with ‘Make in India’ drive of the honorable Prime Minister and reduce dependence on import, said the Minister,” the Minister said.
The exhibition falls in line with the concept of ‘Make in India’ campaign, which is also an official supporter of the exhibition. Covering 40 sectors of the machine tools industry, IMTOS witnesses participation of over 20 countries every year. However, this year, it is expecting a wider participation including from China, France, Germany & the US considering the recent foreign visits conducted by Prime Minister Modi who has invited greater investment for India’s manufacturing sector.
“Improved technology in the sector translates into a multiplier effect on output and incomes. It is therefore absolutely critical to boost trade and facilitate more exchange between innovators, manufacturers and buyers. We started this exhibition with the intention to showcase the innovation being done in the manufacturing field. This niche platform aimed to build a strong industry network via sharing of latest trends, solutions, knowledge and vendor development. The overwhelming response from the industry has helped us to achieve remarkable success within a short span of three years,” said Kamlesh Gohil, CMD at K and D Communication Limited.
Technology has been a strong growth impetus for many developed nations in their economic evolution. A similar push is needed for India to break into the big league. With India ranking 17th in production and 12th in the consumption, the imports of the machine tools have reached RS 76 billion, owning to which the size of the industry is expected to be Rs 2230 billion by 2020, stated the India Brand Equity Foundation. The machine tool Industry in India is now in a position to export general purpose and standard machine tools to even industrially advanced countries.
Several international and local industrial giants are rubbing shoulders against each other at the four-day mega event. Exhibitors profile includes Machine Tools, Heavy Machinery, CNC Machines & SPMs, Sheet Metal Working Machineries of all categories, Small Light Workshop Machineries, Hydraulic Press, Press Brake, Shearing Machines, Cutting Tools, Hand Tools, Power Tools, Industrial Pumps and Valves, Hydraulic and Pneumatic Equipment, Air Compressors, Electrical Equipment, Electronics & Industrial Automation, Instrumentation, Industrial Robotics, Wires And Cables, Testing and Measuring Instruments, Energy Conservation Products, Gears, Motors & Motor Drives, Newly Launched and Specialized Industrial Products, Wood Working Machineries, Welding and Welding Consumables & many more.