Dear MMI Readers,
As one of the fastest growing economies in the world, India is one of the few bright spots in the world economy. The country which aspires to become a $5 trillion economy by the year 2024-25 with manufacturing sector alone contributing $1 trillion is expected to overhaul its manufacturing infrastructure. The auto industry, one of the major consumers of machine tools, is facing headwinds but we expect it to bounce back in the near future. Espousing technologies and solutions across the entire spectrum of industries along with optimized resource utilization will enable manufacturers to tide over the numerous challenges confronting them. The machine tool industry perhaps needs to explore more avenues such as defence and aerospace and make an impact there.
Modern Manufacturing India (MMI) magazine published by Indian Machine Tool Manufacturers’ Association (IMTMA) in this edition brings you a collection of articles on aerospace manufacturing which will give you an insight into the developments taking place in the aerospace sector. There is also an opinion piece by IMTMA on survival strategies in economic downturn and a special article on strengthening the small and medium enterprises for transforming India.
Readers, as we share thought-provoking articles and reports on various industries, we also reach out to you for your feedback, comments and analysis to make this magazine more insightful and interesting. The exercise helps us to understand your requirements and allows us to meet your expectations as we move ahead. I thank you once again for your continued interest in the activities of our Association.
Readers can download previous issues of MMI from the IMTMA website www.imtma.in
Director General & CEO