The MMI Magazine is an initiative of the Indian Machine Tool
Manufacturers’ Association (IMTMA) and is published in association with
the Modern Machine Shop. IMTMA has played a leading role in the
development of the machine tool industry, which is the backbone for
industrial growth in India. This national cause has been the guiding
force behind IMTMA and its membership.
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Newsletter - Issue 37, October 2026
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The Rise of Precision Manufacturing in India
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Manufacturing industries in India are evolving at a rapid pace, led by technological advancements, digitalization, and the increasing demand for precision, productivity, and competitiveness. This edition of Modern Manufacturing India (MMI) spotlights a range of perspectives that reflect the shifts and opportunities that are emerging across the industrial landscape. It largely focuses on aerospace machining, exploring the technologies and capabilities.
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Growth Drives Machine Tool Demand
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India’s robust economic activity and continued focus on investment are creating favorable conditions for manufacturing. The machine tool industry is reflecting this positive outlook, with production rising approximately 26 percent and consumption growing 20 percent in Q1 FY27. The economic performance indicators for July 2026 reflect a continued expansion in economic activity, with manufacturing and services PMI remaining firmly above the benchmark level of 50.
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IMTMA To Showcases Manufacturing Excellence At NPS 2026
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Indian Machine Tool Manufacturers’ Association is organizing the 20th edition of National Productivity Summit (NPS 2026) at Coimbatore on November 25-26, 2026. It will feature keynote addresses from Sanjay Jayavarthanavelu, CMD, Lakshmi Machine Works Ltd and Dr Jairam Varadaraj, MD, Elgi Equipments Ltd.
Alongside the Summit, IMTMA - ACE MICROMATIC Productivity Championship Awards 2026 will be awarded to celebrate breakthroughs in process innovation and efficiency.
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The Guild Unveils 150-Acre Rocket Engine Testing Facility
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Ethereal Exploration Guild (The Guild), a private space technology company, has unveiled The Anchorage, its 150-acre rocket development and testing facility in Space City, Andhra Pradesh. Strategically located approximately 40 kilometers from India’s premier spaceport, Satish Dhawan Space Centre at Sriharikota, The Anchorage establishes the ground infrastructure for Razor Crest Mk 1 (RCM1), The Guild’s fully reusable medium-lift launch vehicle.
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Hyundai Motor India Inaugurates Pune Plant
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Hyundai Motor India Ltd inaugurated its manufacturing facility in Talegaon, Maharashtra. Marking 30 years of operations in India, the facility represents a strategic expansion of Hyundai Motor Group’s manufacturing footprint and reinforces India as a core driver of its future growth. With the Pune plant, the Group has established a production capacity of more than 1.4 million vehicles annually across India.
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Cylindrical Grinding Machines in Medical Technology
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From hip prostheses to dental instruments, cylindrical grinding machines make a decisive contribution to medical technology with their high precision, reliability, and innovative grinding technology, strengthening the competitiveness of manufacturing companies worldwide. Advances in manufacturing technology often have a direct impact on medical technology as a whole. Fritz Studer AG, since its founding in Switzerland in 1912, has consistently contributed to ever-improving manufacturing capabilities through innovation.
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