FACTEQ 2024 to aid safe, sustainable, and eco-friendly solutions in factories

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FACTEQ 2024 to aid safe, sustainable, and eco-friendly solutions in factories

FACTEQ 2024 to aid safe, sustainable, and eco-friendly solutions in factories

Industry News
May 10,24

FACTEQ along with Pune Machine Tool Expo – organised by Indian Machine Tool Manufacturers' Association (IMTMA) - will bode well for the development of factories in and around Pune, the western and northern regions of India.

FACTEQ 2024 to aid safe, sustainable, and eco-friendly solutions in factories

Pune

Quality in manufacturing happens when goods are produced the right way. Aptly, many firms are striving to get it right and have industries bank more on homegrown machine tools and factory equipment through technological improvements. FACTEQ - the latest offering from IMTMA (Indian Machine Tool Manufacturers' Association), the organiser of IMTEX - promises to help the factories of tomorrow build, maintain, and upgrade their plants. The expo is co-located with the Pune Machine Tool Expo from May 23-26, 2024 at the Pune International Exhibition and Convention Centre in Pune.

Exhibitors will showcase air and water systems, material storage and transport, security and safety systems, electrical and lighting systems, sustainable and environmental solutions, factory furniture, building and construction equipment, and many more factory-specific solutions. It is believed that upgrading technology will make plants and factories more efficient and a reconfiguration will give rise to the need to procure factory equipment that will potentially aid in curbing imports.

The use of superior technology in all future factory spaces will ensure energy efficiency and usher green environment. It will enable Indian industries to design, manufacture, and commission higher-efficiency factories with technology and manufacturing processes founded in India. Around the world, firms are vying to excel by relooking the paradigms that have shaped manufacturing evolution over the years. The race is on to make manufacturing more sustainable, digital, skilled, and resilient.

India, of late, has been a hotspot in manufacturing with large foreign firms moving into the country to establish a base. While some have already started their operations, others are negotiating with the state governments to set up plants.

Engineered goods output is slated to keep increasing with the various production-linked incentive (PLI) schemes and high infra push by the Government of India. Various key industrial segments are beckoning foreign investments and new factories are likely to be set up for these. Energy storage solutions, green hydrogen, biotechnology, semiconductor chip manufacturing, and many other sectors are poised for investment-led growth with factories slated to come up in the near term.

With a large proportion of Union Government incentives directed toward new-age manufacturing and positioning India as a new factory of the world, great things are expected, and India may perhaps cross the $1 trillion export target. Pune is home to numerous startups, manufacturing units, and research centres. FACTEQ along with Pune Machine Tool Expo will bode well for the development of factories in and around Pune, the western and northern regions of India.

The show will help exhibitors connect with new customers from various manufacturing industries, engage with buyer delegations from targeted industry segments, and get to know the pulse of manufacturing.