Facing Crisis with Resilience

Dear Readers,

Hope all is going well with you and your family during this tough phase.

We are finding ourselves in the midst of a second wave of the Covid pandemic. Though these are testing times, we must stay resilient and ride over this unprecedented challenge with grit and confidence as we did last year.

The Indian Machine Tool industry was returning back to normalcy with some good orders and business generation when the second wave of the virus hit India, forcing many states to impose lockdowns. Normal activities are disrupted again, including the supply chain, and it will take some time for the restrictions to be lifted completely and the activities to resume seamlessly again across India and globally.

Our industry business is primarily driven by the Auto and Automotive sector and while it continues to remain a key driver, the Machine Tool industry is also getting business from the fast-emerging sectors such as Electronics, Agriculture Machinery, Railways, Medical Equipment, Defence and Aerospace, among others.

As the prevailing market conditions limit the opportunity for good business prospects, Indian Machine Tool Manufacturers’ Association (IMTMA) has rescheduled its flagship exhibition - IMTEX, the International Machine Tool and Manufacturing Technology Exhibition. The combined ‘IMTEX, IMTEX FORMING, Tooltech & Digital Manufacturing 2022’ would be held at Bangalore International Exhibition Centre (BIEC) in Bengaluru from January 20 - 26, 2022.

With India undergoing the world’s biggest vaccination drive, things are expected to be normalized by the end of 2021. This will encourage and build confidence for both exhibitors and visitors to travel within and from outside India for attending shows.
The need of the hour is to eradicate the pandemic completely to prevent negative sentiments cascading into everyday life and avert collateral damages.

In this hour of crisis, we extend our profound thanks to the country’s medical fraternity who is in the forefront in fighting this pandemic.

Have a great year ahead and stay safe.

Indradev Babu
Indian Machine Tool Manufacturers’ Association (IMTMA)

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