Industrial Products Finder - January 2019
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With India aiming to increase its manufacturing industry’s contribution to the country’s GDP to 25 per cent within a few years from now, machine tool industry is expected to play a prominent role. The current market size of Indian machine tool industry is around $ 2.3 billion (Rs 14,692 crores), of which domestic production accounts for around 50 per cent of total consumption. Government of India’s policy initiatives have paved way for Indian machine tool industry to move further on the growth path and IMTEX 2019 & Tooltech 2019 will be a significant opportunity for the manufacturing industry to make itself at par with global leaders. IMTEX this time is significant as the exhibition which began in 1969 will cross a milestone of 50 years. IPF brought out a Special Focus edition on IMTEX 2019 in Jan 2019 with a host industry leaders expressing their views on various aspects of machine tools and accessories industry. On the occasion of CII-DIPP National Forum 2018, IPF interviewed Dr Pawan Goenka, MD, Mahindra & Mahindra Ltd.
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