Page 6 - MMI - JanFeb 2021 single

FOREWORD

SETTING REALISTIC GOALS

WITH A STRATEGIC VISION

Dear Readers,
The year 2021 was all about recovery and getting back to business, and we
now have that in our rear-view mirror as we drive on towards a promising
2022 and beyond. Perhaps this would be a defining moment for India to
succeed in its aspirations of being technologically competitive. Meanwhile,
despite all the challenges arising from the pandemic, Indian Machine Tool
Manufacturers’ Association (IMTMA) continues to usher in a new era of
growth and bring innovative and specific solutions for industries.
The Indian Machine Tool industry, which globally ranks 13 th in
production and 7 th in consumption as per Gardner Intelligence’s
‘World Machine Tool Survey 2020’, has been deriving a large
proportion of its business from the Auto sector. However, with the
thrust given by the Government of India to various sectors through
PLI schemes, the Machine Tool industry, while continuing to retain its
business with the Auto sector, is geared up to serve the requirements of
the emerging sectors.
The Indian Machine Tool industry is working towards indigenization
of imported aggregates, enhancing the reliability of local supply chain
products, building cost-competitive quality products for both local and
Source: BFW export markets, and acting as the single point of contact for addressing
all challenges
relating to machine
bringing competitiveness
tools
and
international standards. In
on
par with
that is
industry to realize
‘Vision’ will be a pivotal factor in steering the this art of survival,
its goals. In today’s scenario, the world is changing rapidly, and the
industry needs to embrace the changing order while keeping in mind
the ‘big picture’. We need to ardently venture into new areas, hitherto
unexplored, make the best use of technology, and take up R&D for
RAVI RAGHAVAN product and process innovations.
PRESIDENT
INDIAN MACHINE TOOL Although our flagship
MANUFACTURERS’ ASSOCIATION event IMTEX has been In this art of survival, ‘Vision’ will
(IMTMA) rescheduled, we are be a pivotal factor in steering the
fully committed to
safely and successfully industry to realize its goals. In today’s
holding the event scenario, the world is changing
as soon as the
uncertainties dwindle. rapidly, and the industry needs to
embrace the changing order while
Once again, I would
very much like to keeping in mind the ‘big picture’.
underline that we
appreciate working
closely with all of you
and hope that the Year 2022 will bring you, your family, and your business
excellent health and happiness.
Wish you a bright new 2022.

6 | January-February 2022 Modern Manufacturing India