“Greater job opportunities in automobile” [June 2012]

By admin June 19, 2012 12:52 pm IST

There will be a large job opportunity from the automobile sector which will in turn open up opportunities in the auto components & ancillary sector and further from the Tier I to Tier IV sectors- Vikram Sirur, President – IMTMA
The economic downturn, sluggish market scenario and highly depreciating rupee value has been affecting the growth of the entire industry including machine tool sector. According to Vikram Sirur, President -IMTMA, “The present status of manufacturing after the quarter ended in April 2012 is slightly apprehensive”. IMTMA is recognised as the sole voice of the Indian machine tool industry – its membership constituting over 90 per cent of this strategic sector in the country. IMTMA is committed to support its membership to increase competitiveness, enhance efficiency, improve productivity, and ensure growth and prosperity. It does so with the aim to assist the membership to become cost effective, technology driven, and ever responsive to customers changing needs.
All eyes are on 12th Five Year PlanContinuing his opinion on the present status of machine tool industry, Mr. Sirur said, “It is a fact that the capital goods and the machine tool industry are the ones which are hit by the recession first and are the last to come out of it. Given the fact that last year was very good and despite the slowdown and negative trend, the order inflow has been pretty fair, which is keeping the industry going”.
The government and industry bodies have initiated several measures to overcome the ongoing logjam. Talking about such initiatives Mr. Sirur said, “At present, all eyes are on the proposals of the 12th Five Year Plan. If the government implements all the policy measures recommended by us, the machine tool sector can still achieve the targeted growth”.