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Publisher's Note

Welcome to the May 2019 issue of Modern Manufacturing India (MMI), the official magazine of Indian Machine Tool Manufacturers' Association (IMTMA). Two eventful years have passed by since the Association began publishing MMI under its banner. Readers' response has been tremendous which encourages us to keep at our endeavor to strengthen manufacturing activities and build a new India.

Ushering in a New Era for the Indian Machine Tool Industry

The Indian machine tool industry grew at an admirable rate of around 30 percent in 2018-19, proving it has the potential to move up the ladder in the global list of 60 countries.

Digital Transformation Matters

Digital transformation in our business (machine tools and metal cutting as related to our customers' environment) has been much talked about and experimented for the last few years but its full-fledged adoption has been slow and painful.

Laurels from Leaders

MMI has come of age with it completing another successful year. To help us know whether we have done justice so far to what we are set out to do, we have called upon industry leaders to offer their two cents on our endeavor.

Embracing Challenges, Creating Opportunities

Flipping through the new language books of my nephew I chanced upon a story of a successful businessman who would sell combs in China.

Publisher's Note

Technological upgradation and willingness to learn what is new and emerging and unlearn what has become obsolete is what helps the manufacturing industry move ahead in the changing times.

Industry 4.0 : Future of Manufacturing

Digital technologies are significantly changing the landscape of manufacturing ecosystem. They are changing the dynamics of traditional manufacturing sharply. Industries are keen to deploy these technologies on their shop-floors to align with the changing requirements of their customers.

Paying Heed to Service in Capital Equipment Business

In the capital equipment business there is always a huge component of service that is necessary to keep customers happy and ensure the performance of the equipment.

The Importance of Knowing your Customer

These are the days of information overkill. We are bombarded with so much of data, concepts, approaches and are constantly threatened by competition, volatility, uncertainty etc. We respond by taking several initiatives in our organizations that often run at their own peril while we operate side by side with people working at cross purposes.

Wielding the Magic of Story Telling

In a moment of musing last month on my birthday, surrounded by the books that were so carefully chosen and gifted to me by my dear ones, dawned a thought that joined all the dots.

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