Page 6 - MMI-March-April-2022

FOREWORD

GEARING UP FOR A PROMISING FUTURE

Dear Readers,

We are on the cusp of a new financial year, with things looking
promising for businesses. Industries were able to withstand the
consequent waves of the pandemic with resilience. They have
continued to grow in all verticals of manufacturing and are expected to
reach the pre-pandemic levels of growth, which is very encouraging.

The recent Union budget has been a significant one for the
Machine Tool and Manufacturing industries. The increase in
capital expenditure on infrastructure projects by the Government
is extremely encouraging; this helps in maintaining the growth
momentum. It is important to note that Capital Goods not only
result in direct employment but make for a big multiplier for indirect
employment. Capex spend is a big driver for the demand for Capital
Goods. Furthermore, from an economic point of view, these are
direct and indirect multipliers. It is also important to highlight that
the Government held extensive interactions with all major sectors
Source: BFW to understand the pain points and the needs of businesses while
preparing the budget.

Indian Machine Tool Manufacturers’ Association (IMTMA), one of
India’s leading sectoral industry associations, celebrated 75 years since
its formation. It is a matter of
immense pride for IMTMA to IMTMA is gearing up to
have achieved this milestone
RAVI RAGHAVAN host its flagship exhibition
PRESIDENT in its endeavor to keep the IMTEX FORMING 2022 with
INDIAN MACHINE TOOL Machine Tool industry of the
MANUFACTURERS’ ASSOCIATION country close-knit. focus on metal forming and
(IMTMA) manufacturing technologies,
Now, as the pandemic recedes, along with concurrent
the Association is gearing up
to host its flagship exhibition shows - Tooltech and Digital
IMTEX FORMING 2022 with Manufacturing, from
focus on metal forming and June 16–21, 2022, at
manufacturing technologies, BIEC, Bengaluru.
along with concurrent
shows - Tooltech and Digital
Manufacturing, from June 16–21, 2022, at Bangalore International Exhibition
Centre (BIEC), Bengaluru.

IMTEX 2023 – with focus on metal cutting and manufacturing
technologies, along with concurrent shows - Tooltech & Digital
Manufacturing, is scheduled from January 19–25, 2023, at BIEC, Bengaluru.

I wish all readers of MMI magazine happy reading and a great time ahead.

6 | March-April 2022 Modern Manufacturing India