Delhi Machine Tool Expo 2019 attracts 150 exhibitors

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Delhi Machine Tool Expo 2019 has attracted more than 150 exhibitors, displaying various technologies and products in the industry.

Organized by the Indian Machine Tool Manufacturers Association (IMTMA) between Augsut 8-11, 2019, Delhi Machine Tool Expo 2019 serves as a platform to demonstrate the latest manufacturing technologies. With around 150 exhibitors, the expo covers the entire gamut of metalworking machine tools for both metal cutting and metal forming including automation and robotics, tooling systems, CAD/CAM and other technologies which are essential for today’s manufacturing.

Inaugurating the four-day expo on August 8, Arvind Ganpat Sawant, Minister for Heavy Industries and Public Enterprises  said,“I feel every manufacturing company should not only strengthen themselves but also they should make sufficient profit to generate employment. Further, their products should be globally competitive. Our government is significantly concerned about this. Toward this, income tax has been reduced to 25% for companies with turnover below 400 crores.”

Ganpat highlighted that the electric vehicle price is high due to the cost of batteries and said, “We need to be free from dependence on other countries for batteries.”

He said the union government has created ten common machine tool development centres in the country and asked the industry to take their help for designing and developing new machines.

IMTMA’s  president P Ramadas said, “Although at present, we are witnessing some headwinds in manufacturing, I optimistically believe that markets would open up in the coming quarters and the industry would bounce back as the economy improves.”  He also urged the government to take suitable measures to extend credit to SMEs and connected financial reforms.

In his welcome address, V Anbu, Director General and CEO of IMTMA said, “Shows such as the Delhi Machine Tool Expo are enablers to take technologies closer to the SMEs and pave way for their continual growth.At this Delhi Machine Tool Expo 2019, we have over 150 exhibitors displaying state-of-the-art technology solutions and innovations for both metal-cutting and metal-forming machine tools.”

Apart from India, other four countries like China, Germany, Japan, and Taiwan have also participated at Delhi Machine Tool Expo 2019.

Related Read : IMTMA to organize National Productivity Summit 2019 in Bangalore