Page 6 - MMI _ MayJune2021 (single-pages)

FOREWORD

FACING CRISIS WITH RESILIENCE

Dear Readers,

Hope all is going well with you and your family during this tough phase.

We are finding ourselves in the midst of a second wave of the Covid pandemic.
Though these are testing times, we must stay resilient and ride over this
unprecedented challenge with grit and confidence as we did last year.

The Indian Machine Tool industry was returning back to normalcy with some
good orders and business generation when the second wave of the virus hit
India, forcing many states to impose lockdowns. Normal activities are disrupted
again, including the supply chain, and it will take some time for the restrictions
to be lifted completely and the activities to resume seamlessly again across
India and globally.

Our industry business is primarily driven by the Auto and Automotive sector
and while it continues to remain a key driver, the Machine Tool industry
is also getting business from the fast-emerging sectors such as Electronics,
Agriculture Machinery, Railways, Medical Equipment, Defence and Aerospace,
among others.

INDRADEV BABU As the prevailing market conditions limit the opportunity for good business
PRESIDENT
INDIAN MACHINE TOOL prospects, Indian Machine Tool Manufacturers’ Association (IMTMA) has
MANUFACTURERS’ ASSOCIATION
(IMTMA) rescheduled its flagship exhibition - IMTEX, the International Machine
Tool and Manufacturing Technology Exhibition. The combined ‘IMTEX,
IMTEX FORMING, Tooltech & Digital Manufacturing 2022’ would be held
at Bangalore International Exhibition Centre (BIEC) in Bengaluru from
January 20 - 26, 2022.

With India undergoing As the prevailing market conditions limit

the world’s biggest vac- the opportunity for good business
cination drive, things are prospects, IMTMA has rescheduled
expected to be normal-

ized by the end of 2021. its flagship exhibition IMTEX. The

This will encourage and combined ‘IMTEX, IMTEX FORMING,
build confidence for both Tooltech & Digital Manufacturing 2022’
exhibitors and visitors to

travel within and from would be held at Bangalore International

outside India for attend- Exhibition Centre (BIEC) in Bengaluru
ing shows. from January 20 - 26, 2022.

The need of the hour is

to eradicate the pandem-

ic completely to prevent negative sentiments cascading into everyday life and

avert collateral damages.

In this hour of crisis, we extend our profound thanks to the country’s medical
fraternity who is in the forefront in fighting this pandemic.

Have a great year ahead and stay safe.

6 | May-June 2021 Modern Manufacturing India