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Reji Varghese explores how companies are using Laser Technology to harvest the power of the Sun…

With the phenomenal success of Chandrayaan-3 making a soft landing on the surface of the Moon, India has become the first country to land a spacecraft near the lunar south pole. India stands fourth globally to have achieved this milestone in lunar exploration, after the US, China, and Russia.

Dear Readers, India has made a monumental stride in space technology with the successful launch of Chandrayaan 3. The world is now considering India as one of the leading countries in space technology. Along with advancing scientific research, India is also expanding its commercial operations in the Space sector involving the launching of satellites, joint exploration of resources on the moon and other planets, and providing space-related services to various nations.

It gives me great joy to inform readers that the Indian Machine Tool industry posted an increase in production growth figures in FY 2022-23. As per provisional estimates, the Indian Machine Tool industry production was around `12,328 crore (US$1.5 billion) and domestic consumption was around `24,536 crore (US$3 billion).

Scottish engineer and inventor James Hall Nasmyth’s is celebrated even today for his work in inventing the steam hammer and the shaper machine.

With an aim to be a major space power, India has successfully launched Chandrayaan-3, its third moon mission, and embarked on a lunar soft landing, marking the country’s rapid progress in space exploration. The mission is slated to establish India as the fourth country in the world to successfully land a spacecraft on the moon’s surface.

The Indian Machine Tool industry performed well in 2022-23, overriding the global downward trend caused by supply chain disruptions.

Dear Readers, The Year 2022-23 can be termed as satisfactory for the Indian Machine Tool industry in terms of business growth. With the Government of India’s big push to drive the economy through infrastructure development and numerous other initiatives, there was a surge in demand for machine tools.

Right from the days of the iron age, humanity has been evolving through manufacturing, which has propelled societies forward, drove innovation, and technical advancements, and led to prosperity and wealth generation

In partnership with Sandvik Group, Sandvik Coromant has developed a statue for the history books.