Indian Machine Tool Manufacturers’ (IMTMA) flagship event and South East Asia’s largest exhibition on metal forming technologies ‘IMTEX FORMING 2018 & Tooltech 2018’ was inaugurated recently at Bangalore International Exhibition Centre (BIEC),Bangalore by Shri R. V. Deshpande, Hon’ble Minister for Large & Medium Scale Industries and Infrastructure Development, Government of Karnataka. Other dignitaries includedMr. A. S. Kiran Kumar, Former Chairman of ISRO and Mr. Nirmal K. Minda, President – Automotive Component Manufacturers Association of India (ACMA). Mr. Jamshyd N. Godrej, Chairman – Exhibitions, IMTMA, Mr. P. Ramadas, President, IMTMA and Mr. V. Anbu, Director General& CEO, IMTMA also presided over the inauguration.
Nearly 40,000 visitors from around 60 countries are expected to visit the show in the next 6 days. Around 100 business delegations from public and private sector representing various manufacturing industries such as automotive, aerospace, defence, railways, power, capital goods, general engineering, medical engineering, and so on are expected to visit the exhibition.
Inaugurating the exhibition, Shri R.V. Deshpande called upon the industry to invest in Karnataka. He said that Karnataka is the most preferred state for investment. Karnataka was the first state to bring a start-up policy and is the only state in India to have an electrical vehicle policy. The state has been in the forefront of supporting the manufacturing sector and it has successfully created 12,61,000 jobs and over 5,00,000 jobs are in pipeline. Mr. Deshpande also spoke about the machine tool park in Tumakuru being jointly developed by the Government of India and the Government of Karnataka.
Voicing about IMTEX’s formidable stature in Indian machine tools sector, Jamshyd N. Godrej, Chairman, Exhibitions – IMTMA said the popularity of the show can be gauged from the tremendous response and enthusiasm shown by exhibitors and visitors and we are optimistic that the show will grow in stature in years to come.
IMTMA President P Ramadas stated, “Indian machine tool industry registered an impressive growth rate of 23 per cent during 2016-17. Indian machine tool industry is expected to grow by around 20 per cent during 2017-18 and Indian metal forming industry is expected to grow at a CAGR of around 15 per cent in the next 3 years.”
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