IMTEX’ 17 garners ` 1,670 Cr worth global orders

March 15, 2017 12:53 pm

Abuzz with latest technologies IMTEX’ 17 throws new light on manufacturing sector

Karnataka CM Siddaramaiah inaugurates IMTEX 2017

Orders worth ` 1,670 crore and enquiries to the value of ` 18,989 crore were generated during IMTEX 2017 and Tooltech 2017, said an official statement issued by Indian Machine Tool Manufacturers’ Association’s (IMTMA). It also claims that the exhibition attracted a footfall of 75,440 visitors.

The exhibition held in Bengaluru from 26th January to 1st February. Inaugurating the exhibition Karnataka Chief Minister Siddaramaiah said, “It is well known that machine tools are the backbone of manufacturing and a strong machine tool industry propels strong manufacturing which in turn spurs the economy. Karnataka was the cradle for the machine tool industry which has now grown to produce over 50 per cent of Indian machine tool output. Keeping this in view the government along with the industry charted out a plan for developing a machine tool park in the state”.

The proposed machine tool park at Vasantha Narsapur in Tumkur district is a joint venture between the Government of India and the Government of Karnataka and will come up in a land of 500 acres. Once functional, the park is expected to boost the domestic turnover of machine tools while saving foreign exchange and reducing imports. Furthermore, the park will also create over 4000 jobs in manufacturing and administrative fields.

The next edition of IMTEX will be held in January 2019 which will also mark 50 years of the IMTEX event.