FOREWORD

Dear Readers,

I am pleased to present the July–August edition of Modern Manufacturing India (MMI) magazine.

As we navigate through an era characterized by headwinds such as rising input costs for raw materials, trade barriers affecting global dynamics, policy changes, and other uncertainties, a volatile atmosphere is being created.

The Indian machine tool industry has shown significant growth, with production in FY 2024–25 estimated to have increased by 7 percent to reach INR 14,566 crore (US$ 1.7 billion), while consumption is estimated to have increased by 17 percent to reach INR 31,781 crore (US$ 3.7 billion). The Indian machine tool industry ranks 9th in machine tool production and 4th in consumption.

The industry has continued to strengthen its ties with the automotive sector, which currently accounts for around 56 percent of its market share. Gradually, we are broadening our presence into other sectors, including Electronics Manufacturing, Aerospace, Defence, Renewable Energy, and Consumer Durables.

As India progresses towards its goal of becoming a US$ 5 trillion economy, empowering manufacturing industries with the right technology is no longer optional but essential.

This will be achieved when the machine tool industry identifies and develops new products, adopts sustainable practices, and accelerates technology through research, development, and innovation to meet demand.

I hope you find this issue of MMI insightful and engaging.

Rajendra S Rajamane
President
IMTMA

---

---