Growth Opportunities in Sunrise Sectors

India's machine tool industry has been coasting well over the last one year. The demand for machine tools is estimated to be `14,250 crore in FY 17-18. Production is estimated to have grown by 26 percent and consumption is estimated to have grown by 23 percent during this period. India is ranked 10th in production and 8th in consumption in Global rankings as per Gardner Research Survey 2018.

Growing Capital Equipment Business Beyond Set Boundaries

In mature markets, it is a massive challenge to successfully compete and thrive. There exist countless issues to deal with, problems to address and processes to be put in place in order to manage them. The companies that are most likely to emerge successful in a sustainable manner are the performers that can achieve an optimal balance between their customers, cost competitiveness, operational agility and market confidence.

The Possibilities are Endless

It's a profound truth that legends never die. With the recent passing away of Stephen William Hawking, the noted physicist, cosmologist and author, there was more a sense of awe and admiration than grief. Struck with ALS at the age of 21, the gifted scientist was told that his days were numbered. He stayed for over 55 years after that, revolutionizing physics with his groundbreaking work on Black Holes and Cosmology.

Empowering MSMEs to the Next Level of Manufacturing

A significant number of MSMEs dot India's manufacturing landscape. It may be noted that these many MSMEs are the primary drivers for sustained growth of the country's GDP. India banks on these units in its onward march to greater heights.

Publisher's Note

Reading a magazine becomes thoroughly enjoyable when you see depth, value and intensity in the subjects covered in it. Modern Manufacturing India (MMI) has made its mark by covering the most up-to-date information relating to advancements in manufacturing and bringing to the doorsteps of our readers.

Customer Experience : From Communicating to Connecting

ll good companies do things right and hence become successful. However, in times of mature markets and intense competition, the need to go beyond the established comfort zones arises and the subtle nuances of 'Customer Experience' become increasingly relevant.

There is Always Room at the Top

My profession comprises unearthing stories that must be told for a range of reasons that include inspiring myself before they reach others. One such story fell on my lap while visiting one of India's biggest Grinding Machine Manufacturer's facility at Bangalore.

To Sell Just a Machine or to Sell Value of the Solution Using Machines?

are you puzzled when a machine with ample specifications and features fails when it hits the market? Is it more baffling when you are not able to decipher the codes for this technological catastrophe? Was it a flaw in technology or in the adaptability to technology? Was it the cost? Here, one needs to dive deeper to realize that the fault may not necessarily be in the machine it could be in the market mechanics also.

Publisher's Note

The year 2017 was a new beginning for Modern Manufacturing India (MMI) as the magazine was rebranded under the leadership of Indian Machine Tool Manufacturers' Association (IMTMA). The Manufacturing industry has welcomed the new-look magazine with an overwhelming response.

Cruising Towards Vibrant Manufacturing

we are at the beginning of a promising year. The Reserve Bank of India has forecast an economic growth of 6.7 percent for 2017-18. Even the rupee is gaining on the US dollar which bodes well for indigenous manufacturing. With the effects of demonetization and GST firmly put behind, the country can march forward with renewed vigour.

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