Page 13 - MMI - JanFeb 2021 single

(IMTMA) has formed sectoral Going with the flow
task forces to understand the IMTEX & IMTEX FORMING
needs of various industries and 2022 had to be rescheduled The indus-
offer not just machines but also due to the prevailing circum- try outlook
total solutions. stances. However, IMTMA is for this year
Interestingly, the Machine Tool fully committed to organizing and the next
two years
industry recovered at a notable IMTEX safely and successful-
remains
pace in the third quarter of 2021. ly once the situation is condu- optimis-
The industry outlook for this cive. While the Omicron and tic, with
year and the next two years re- Delta viruses have forced multi- business
mains optimistic, with business ple states to impose a varied level activities
expected to
activities expected to gain more of restrictions, it is only a matter
gain more
traction. Closer cooperation be- of time before the wheels begin traction.
tween industry and academia spinning again. While ‘Make Closer
will help develop technological in India’ will continue to reso- cooperation
competencies, especially in ap- nate through the minds of ev- between in-
dustry and
plication and process innovation. ery company that manufactures
academia
The launch of six technology in- goods, the support by the Union will help
novation platforms by the Minis- Government through its various develop
try of Heavy Industries, focusing schemes will continue to up the technolog-
on technologies, will facilitate game for the industry. ical com-
petencies,
the development of the key Meanwhile, the Association
especially
‘mother’ manufacturing tech- will continue to work very in appli-
with the Auto sector, is geared nologies indigenously and help closely with its member compa- cation and
up to serve the requirements achieve the vision of an Atman- nies, solving the challenges they process
of emerging sectors. To hasten irbhar Bharat and a globally face and helping them grow innovation.
this endeavor, Indian Machine competitive manufacturing sec- in their sphere by showing
Tool Manufacturers’ Association tor in India. them new avenues.

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