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Budget 2022 - IMTMA: Cohesive efforts are need to resuscitate growth

Budget 2022 should provide a higher depreciation of 25% on procurement of new indigenous capital goods besides mandatory registration under TReDS for all companies with a turnover beyond Rs 250 croresRead more

IMTEX 2022: An enabler of machine tools industry growth

After 2020, IMTMA is back with its yearly exhibition – this time in-person - as IMTEX and IMTEX Forming 2022. The event is scheduled from January 20-26, 2022 at Bangalore International Exhibition Center (BIEC).Read more

COSMOS to set up technology park for Indian machine tools industry in Vadodara

The technology park - to be built with an investment of Rs 100 crore, will have the various plants producing key components to manufacture CNC machine tools.Read more

V Anbu: IMTMA is hopeful to have a highly productive IMTEX 2021

In conversation with IPF’s Rakesh Rao, V Anbu, Director General & CEO, Indian Machine Tool Manufacturers’ Association (IMTMA) highlights on the recovery path and emerging trends in the machine tools industry.Read more

COVID Impact: Machine tools industry may recover in Q3

The spread of COVID-19 has delivered a severe blow to the global economy. Due to the disruption caused by COVID 19 in the first half of the year, the recovery of the machinery industry has been delayedRead more

Budget 2019 is significant for India’s machine tools industry: IMTMA

It is a positive step towards development of MSME sector and aims to position India as an elite manufacturing hub, says Indian Machine Tool Manufacturers' Association (IMTMA)Read more

Budget 2019-20: Indian machine tools industry seeks incentives to raise competitiveness

The apex machine tool association IMTMA wants policy initiatives and fiscal incentives to improve export share to 20 per cent and domestic market share to 67 per centRead more

Siemens introduces digital experience and application centre for machine tools industry

Siemens introduces digital experience and application centre for machine tools industry Siemens India has launched the Digital Experience and Application Centre (DEX), a full-fledged testing, simulation and training centre for the machine tool industry. Read more

Digitalization paves path for sustained growth for machine tools industry: Vijay Pratap Singh

In this interview, Vijay Pratap Singh of Siemens India, explains how digitalization is radically changing the production environment in machine tools industry.Read more

Siemens introduces digital experience and application centre for machine tools industry

The Centre will provide a hands-on experience for machine tool builders and act as an essential link between technology and skill upgradation in the Industry 4.0 era.Read more

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