Dear MMI Readers,
India is gradually coming out of the uncertainties that engulfed it during the second wave of COVID-19. India’s composite Purchasing Managers’ Index (PMI) for July rose to a three-month high in July with the easing of lockdowns, according to IHS Markit Survey, corroborating an upswing in other parameters of the economy.
Economic recovery, to a large extent, depends on the country’s progress in the vaccination drive. The Government is aiming to inoculate close to 90 percent of its adult population by March 2022, which will bode well for its progress on all fronts.
The Indian Machine Tool industry is adapting to the changed conditions through increased deployment of technology and digitalization and is working towards achieving the growth figures of pre-COVID years.
In the meantime, our Modern Manufacturing India (MMI) magazine is bringing up-to-date information to you from the Manufacturing sector including the Machine Tool industry to keep you well-versed with the developments. This month’s edition focuses on the Automotive sector.
This year, Indian Machine Tool Manufacturers’ Association (IMTMA) is completing 75 years. Founded in 1946 during the British era, IMTMA has, since then, been serving the Machine Tool and Manufacturing industries. We have captured a brief history and the journey of the Association since its inception in an article in this issue.
As we continue to share inspirational stories from across the world, we also reach out for your feedback which would be highly valuable in helping us understand your needs.
My heartfelt thanks to you, the readers of MMI, for your continued interest and support.
Readers can download previous issues of MMI from the IMTMA website.