LMW
LMW

Do you want to advertise here? Contact us

OEM Play Store
OEM Play Store

Do you want to advertise here? Contact us

Machine tools industry gears up for big play
.

Machine tools industry gears up for big play

By OEM Update Editorial March 15, 2017 12:50 pm IST

Machine tools industry in India is gearing up to be one of the world’s top 5 machine tools manufacturing countries in the world in next 7 years, informed PG Jadeja, President, IMTMA – the apex body for the entire machine tool industry of India.

Is there any cause of concern for Indian machine tools industry over upcoming GST?
As a representative of machine tools industry, we do not foresee any concerns over implementation of GST. We are quite optimistic about its outcome. However, from our part, one thing is very clear – we need the demand should increase.

What is the ground reality as far as ‘Make in India’ is concerned?
Pressure begins to build on the government bodies to promote domestic manufacturing across the industry. Moreover, all stakeholders are getting aligned to partner in this ambitious programme.

Also, one of the core objectives of ‘Make in India’ is to improve ease of doing business. Today the investment climate has really improved which is clearly evident from increased FDI inflows.

Advertising

OEM Android App

Your future advertising space? Our media data

What is your growth forecast?
In the last 9 months (i.e. Apr – Dec 2016), the machine tools industry has achieved growth of over 16 per cent. We expect that the similar kind of growth will continue during the next 5 to 7 years.

Is there any decline in import numbers post make in India as far as machine tools industry is concerned?
Significantly, import for machine tools has come down to 55 per cent from a huge 70 per cent 5 years back. Though ‘Make in India’ is a relatively new programme started only in 2015, we have witnessed around 5 per cent decline in import volume since it was launched.

As the President of IMTMA, what is your core objective for the next 4 to 5 years?
We want to be one of the world’s top 5 machine tools manufacturing countries in the world in next 7 years.

PG Jadeja,
President, IMTMA

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

Autodesk
Autodesk
Trucut
Trucut
OEM Update QR Code
OEM Update QR Code

Events

Logimat India
Logimat India
Metal Forming Expo
Metal Forming Expo
ChemProTech India 2025
ChemProTech India 2025
Aerodef India Manufacturing Expo
Aerodef India Manufacturing Expo

eMagazine December 2024

eMagazine December 2024
eMagazine December 2024

Do you want to advertise here? Contact us

Our Sponsors

Carl Zeiss India
Carl Zeiss India
STMCNC
STMCNC
Maco-c
Maco-c
Inovance Technology
Inovance Technology
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Wago Pvt Ltd
Wago Pvt Ltd
Studer
Studer
Urgo Capital
Urgo Capital
Prostar
Prostar
Super Slides
Super Slides
Quality Spares Center
Quality Spares Center
Endress Hauser
Endress Hauser
ACE Micromatic Group
ACE Micromatic Group
Hosabettu Heavy Machinery LLP
Hosabettu Heavy Machinery LLP
Ceratizit
Ceratizit
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Concord Hydraulics
Concord Hydraulics
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
TruCut
TruCut
Voestalpine
Voestalpine
tectyl
tectyl
LMW
LMW
BKT Tires
BKT Tires
Mitsubishi Materials
Mitsubishi Materials
Molygraph
Molygraph
Fietest
Fietest
Exorint
Exorint
Exon mobil
Exon mobil
Wika Instruments India
Wika Instruments India