From IMTMA Desk

When it comes to economic growth and managing inflation India is perhaps one of the safer bets as compared to global economies that are under pressure for various reasons. India is more likely to sustain itself and manage inflation well as summer fades and winter hits the northern hemisphere of the globe.

Government of India by identifying champion sectors and extending PLI schemes have been endeavouring to promote manufacturing growth and discussions are on to extend the PLI schemes to other sectors such as toys, furniture, bicycle and containers, leaving more room for easing economy.

NASSCOM, the trade association of Indian IT industry expects India’s spending on engineering, research and design to increase to around $120 billion by the end of the current decade increasing the global spend in engineering and design from around 25% to around 35% on the back of PLI schemes and launch of 5G.

Much depends on the August - October period when the festival season is around and consumer demand is expected to surge. Automakers are set to sell about sell about one million vehicles for the first time ever in a quarter. Machine tool industry needs to align its business accordingly for a sustained and broad based future prospects.

IMTEX which is South and South East Asia’s biggest exhibition on machine tool and manufacturing technology is coming back after a 4 year gap. Held at the sprawling grounds of Bangalore International Exhibition Centre (BIEC), Bengaluru, the exhibition is receiving positive vibes with 750 exhibitors from 20+ countries.

Interestingly, the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India has approved IMTEX 2023, Tooltech 2023 & Digital Manufacturing 2023 under the PMS Scheme. As per the scheme, MSEs (Micro & Small Enterprises) participating in IMTEX 2023 can avail reimbursements on expenses incurred for participating in the show. Eligible MSE participants at IMTEX 2023 need to apply as early as possible. This is available on a first come first serve basis and IMTMA isn’t accountable for any decision changes made by the government.

Association Initiatives

Comprehensive Reports on Indian Metal Cutting/Metal Forming Machine Tool Industry 2022

The report analyses the demand trends in Indian Metal Cutting/Metal Forming Machine Tool Industry. Import analysis of last five years gives the trend of metal cutting /metal forming machine tool imports by segment and country of imports which can be used as reference guide for manufacturers of metal cutting/metal forming machine tools in India. The reports can be purchased from IMTMA by members and non-members by sending an email to george@imtma.in.

Meeting of IMTMA Regional Council (South)

9 September 2022: Ace Manufacturing Systems Limited, Bengaluru

Meeting of the IMTMA Regional Council (The South) was held on 9th September 2022, at Ace Manufacturing Systems Ltd. (AMSL), Bangalore. Coinciding with this meeting, a visit to the shop floors at AMSLs and Amace Solutions was organized. Read More

Mega Events

National Productivity Summit 2022

18 - 19 November 2022: BIEC, Bengaluru

To champion the cause of Productivity and enhance competitiveness in the Indian manufacturing industry, IMTMA is organizing the 16^th edition of National Productivity Summit. The event will showcase best practices in manufacturing through inspiring keynotes, plant visits and live case study presentations. Read More

Trade Fairs

IMTEX 2023, Tooltech 2023 & Digital Manufacturing 2023

19 - 25 January 2023: BIEC, Bengaluru

Activities of Bangalore International Exhibition Centre (BIEC)

BIEC is fully back in business with 3 big landmark exhibitions, EXCON 2022, the largest construction equipment event in South Asia, IndiaWood 2022, the world’s leading trade fair and expo for woodworking and furniture manufacturing industry, IMTEX FORMING 2022, Asia’s largest machine tool and forming technology show which evoked good response from the manufacturing community, and some other key exhibitions and events. The back-to-back exhibitions have brought back the much needed fillip to industries and we expect more exhibition and event organizers to foray into BIEC in the coming quarters.

Agritech India 2022

Agritech, India’s largest exhibition on modern farming, agricultural equipment, farm machinery, agro startups and agri processing technologies was held from 26 to 28 August 2022 along with concurrent Dairy Tech India 2022, Grain Tech India 2022 and Food Ex India 2022. Read More

7^th Bengaluru Space Expo

The 7th Edition of BSX 2022 was organized in association with ISRO, Indian National Space Promotion and Authorisation Centre (IN-SPACE) and New Space India Limited (NSIL) from 5 to 7 September 2022 at BIEC, Bengaluru. Read More

Technology & Training

IMTMA continues its endeavour to create a pool of skilled workforce for machine tool and manufacturing industries through its various online and classroom training programmes. In the month of August, we are bringing a series of exciting training programmes. Access our training calendar and register for the programmes:

Classroom Training Programmes

· Hands-on Training Program in Robot Programming & Operation | 12 - 14 October 2022 | IMTMA Technology Centre, Bengaluru | Register

· Sheet Bending & Cutting with Press Brake and CNC Punch Press | 13 October 2022 | IMTMA Technology Centre, Pune | Register

· Customer Focused Daily Work Management (DWM) | 14 October 2022 | IMTMA Technology Centre, Pune | Register

· Dimensional Metrology and Inspection | 17 - 19 October 2022 | IMTMA Technology Centre, Pune | Register

· Hands-on training program in Networking and PLC Programming | 17 - 21 October 2022 | IMTMA Technology Centre, Bengaluru | Register

· Care for Machine Tool Spindles - Systematic Approach for Spindle Maintenance | 18 - 20 October 2022 | IMTMA Technology Centre, Pune | Register

Online Training Programmes

· Fundamentals of Fine Blanking and Recent Trends | 11 October 2022 | 13.10 - 17.30 | Register

· Advancements in Heat treatment Processes | 11 - 12 October 2022 | 13.10 - 17.30 | Register

· Statistical Process Control (SPC) | 11 - 12 October 2022 | 13.40 - 17.00 | Register

· Electrical Engineering Fundamentals for Non-Electrical Engineers | 12 - 13 October 2022 | 13.40 - 17.00 | Register

· Enhance Productivity in Grinding Operations | 13 - 14 October 2022 | 13.40 - 17.00 | Register

· Implementing Industry 4.0 in the Indian Context | 14 October 2022 | 13.10 - 17.30 | Register

· Hot Forging Technology - Processes, DFM, Quality and Cost Considerations | 18 - 19 October 2022 | 9.40 - 13.00 | Register

· Testing, Calibration and Accuracy Measurement of CNC machine tools | 18 - 19 October 2022 | 13.40 - 17.00 Register

· Gear Manufacturing - Hobbing and Shaping Processes | 18 - 19 October 2022 | 13.40 - 17.00 | Register

· Cost and Cycle time reduction in CNC Machining applications | 19 - 20 October 2022 | 13.40 - 17.00 | Register

Industry News

Economy

· Moody’s affirms stable outlook for India, says economy has high growth potential | Economic Times | 7 September 2022 | Link

· India’s economy is on a strong wicket | The Hindustan Times | 12 September 2022 | Link

Aerospace & Defence

· Karnataka: Policy aims at Rs 45K crore aerospace and defence investment in five years | The New Indian Express | 30 August 2022 | Link

· Atmanirbhar Bharat: Indian weapons set to rule the roost | Financial Express | 12 September 2022 | Link

Railways

· Indian Railways says its rolling stock production will be at a record high in 2022-23 | India Infoline | 7 September 2022 | Link

· Make in India: Railways float tender to manufacture and supply 16 lakh wheels over 20 years | Hindu Businessline | 11 September 2022 | Link

Medical Equipments

· Reconstitution of NMDPC, big positive for medical devices | Bizz Buzz | 30 August 2022 | Link

· Government-led initiatives to boost the health and wellness ecosystem in India | The Times of India | 12 September 2022 | Link