IMTEX 2017 & Tooltech 2017, South East Asia’s largest exhibition on metal cutting technologies organized by Indian Machine Tool Manufacturers (IMTMA) was inaugurated today in Bengaluru amidst much fanfare.
The international trade fair is being held from January 26-February 1, 2017 at the Bangalore Exhibition Centre (BIEC).
More than 1000 exhibitors are participating in the expo that includes 6 halls covering an exhibition area of around 66,000 square metres.
Twenty-two countries including India are participating in the show with 7 group participations from Germany, Italy, Spain, China, Czech Republic,Taiwan and United States.
Several new advanced technologies like Industry 4.0, Hybrid machines, 3D printing and many more are displayed at the trade fair.
IMTMA is expecting a footfall of around 100,000 trade visitors during the trade show.
Inaugurating the expo, Karnataka Chief Minister Siddaramaiah said, “Karnataka was the cradle for the machine tool industry which has now grown to produce over 50 percent of Indian machine tool output.”
Keeping this in view, he said the government along with the industry charted out a plan for developing a machine tool park in the state, he said.
Further, he said the proposed machine tool park at Vasantha Narsapur in Tumkur district is a joint venture between the union government and the Karnataka government and will come up in a land of 500 acres.
Once functional, the park is expected to boost the domestic turnover of machine tools while saving foreign exchange and reducing imports.
Importantly, he said the machine tool park will create more than 4000 jobs in manufacturing and administrative fields.
Addressing the gathering, Girish Shankar, Secretary , Department of Heavy Industry, said, “India’s Capital Goods Policy envisages the capital goods to grow from Rs 2.3 lakh crore to Rs 7.5 lakh crore in 2025.
The policy has been formulated with a vision to increase the share of capital goods contribution to the GDP from 12 percent to 20 percent of the total manufacturing activity by 2025.
“I am sure these initiatives will lead to strengthening Machine Tool and Capital Goods industry,” he added.
According to D V Prasad, Additional Chief Secretary, Karnataka Government,
“IMTEX has a potential to attract investment and provide growth opportunity for the industry in Karnataka. This can happen only when we promote our industries.”
Jamshyd N. Godrej, Chairman, Exhibitions – IMTMA said, “two years from now we will be celebrating the 50th year of IMTEX. The main objective of IMTEX is to demonstrate and showcase different manufacturing technologies and innovations to enable the manufacturing companies and industries to take decisions on what they need to meet their current and future requirements.”
CCI president Dr. Naushad Forbes, said the machine tool sector has huge responsibility and scope to make Indian manufacturing successful and therefore Industry needs to leverage not only its design capabilities but also ICT, Automation, Industry 4.0, as well as innovation.
IMTMA president P G Jadeja, said, “The Aero-Defence sector presents an attractive growth opportunity. To tap this IMTMA has launched an initiative and formed the Aero-Def Group to bring our members closer to this important customer segment and work out development and marketing strategies.”