eNewsletter
September 2019
 
From IMTMA’s Desk
Championing the Economic Downturns
All of us are familiar with ‘recession’ which hit every industry sector and lead to a drop in demand for goods and services. Battling this stagnation can be a challenge as climbing up the ladder to normalization takes time, resources and proper planning.
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Upcoming Event

Chennai Machine Tool Expo 2019

IMTMA is organizing the first ever Chennai Machine Tool Expo at Chennai Trade Centre, Chennai from 26 - 29 September 2019. Chennai being an important hub for automotive and engineering industries makes it a potential market for machine tool builders to expand their business horizons.

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Events Organized

Delhi Machine Tool Expo 2019 Concludes Successfully

The third edition of Delhi Machine Tool Expo (DMTX 2019), one of northern India’s most prominent B2B exhibition concluded successfully on 11 August 2019.

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National Productivity Summit 2019 Concludes

The 13th edition of National Productivity Summit (NPS 2019) was held on 20 - 21 August 2019 at Bangalore International Exhibition Centre (BIEC), Bengaluru.

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AMTDC Inaugurated

Advanced Manufacturing Technology Development Centre (AMTDC) supported by Department of Heavy Industry (DHI), Govt. of India and IMTMA was inaugurated on 30 August 2019.

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Activities of IMTMA Regional Councils

IMTMA Regional Council (North)

Meeting on 8 August 2019: Greater Noida, The meeting of IMTMA Regional Council (North) was held at India Expo Centre, Greater Noida.

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  Member’s News

Explore AXIS - World of NexGen mICRO Tools @ EMO Hannover
Get ready to explore AXIS “World of NexGen mICRO Tools” @ EMO Hannover. AXIS will present its NexGen High Precision Tools focussing on Application specific Micro TOOLS and innovations for challenging applications and emerging materials.
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MMI Magazine

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Manufacturing Industry News
MSME
 MSMEs will have to grow big for India to become $5 trillion economy, says expert
(Financial Express, 11 August 2019).
 
 MSMEs looking for credit? NSIC will help you secure credit from SBI in these many days; no charges   (Financial Express, 12 August 2019).
 
 MSME lending: Why this alternate route for credit underwriting is the need of the hour
(Financial Express, 13 August 2019).
 
 MSME sector’s share in GDP should be 50%, says Gadkari  (The Times of India, 18 August 2019).
 
 Multiplying reach, easing cash flow: How e-commerce is transforming MSMEs by solving two biggest issues  (Financial Express, 20 August 2019).
 
Automotive
 Auto sector workers seek govt intervention to prevent job losses
(Business Standard, 13 August 2019).
 
  Auto component cos ride EV wave
(The Times of India, 14 August 2019).
 
  Why is the auto industry facing trouble?
(The Hindu, 18 August 2019).
 
 Stimulus not the answer; let market forces drive automobile sector growth, writes Kartik Malhotra
(CNBCTV18, 21 August 2019).
 
 Luminous Power Technologies forays into auto-battery segment
(ET Auto, 21 August 2019).
 
 Govt announces measures to help auto sector
(Business Standard, 24 August 2019).
 
Defence
  Defence minister calls for increased private sector participation in Make in India in Defence
(Business Standard, 20 August 2019).
 
 Govt should set-up R&D, testing centres to boost MSMEs supply to defence, says Chamber
(Financial Express, 21 August 2019).
 
 Defence production target set at Rs 90K crore for 2019-20  (The Economic Times, 22 August 2019).
 
Technology
 Industry 4.0 can make ‘the world more sustainable’
(The Hindu Business Line, 23 August 2019).
 
 AI revolution: Has India kept pace with the rest of the world?   (Economic Times, 23 August 2019).
 
Forthcoming Events
Chennai Machine Tool Expo 2019
26 to 29 September 2019
Chennai Trade Centre, Chennai
IMTEX FORMING 2020 & Tooltech 2020
23 to 28 January 2020
BIEC, Bangalore

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Edited by : Director General, Indian Machine Tool Manufacturers' Association. Email: imtma@imtma.in

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