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Heavy machines are driving demand for industrial lubricants

The global market is segmented by product type — general industrial oil & grease, transmission and hydraulic fluid, metalworking fluid, gear oil, etc., as well as end user industry like heavy equipment, food and beverages, automotive, steel, and such. The global metal cutting, and machine tool accessories market is growing.Read more

Ashoka Bearing will achieve 25% growth this year

The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. Read more

Findability Sciences’ new solution helps Indian firms to become AI-powered

The new Findability.Inside is a tailor-made solution that integrates AI into the existing enterprise tech architecture to increase efficiency and for smarter resultsRead more

Budget 2022 - Govt's Rs 7.5 lakh cr capex to augment machine tools demand: V Anbu

Budget 2022 is a booster shot for Indian manufacturing and ease of doing business, says V Anbu, Director General & CEO, IMTMA, who reflects on how the budget fares for the Indian machine tool industry.Read more

Business Environment Set for Growth

The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more

IMTMA to host IMTEX Forming in June 2022 & IMTEX in Jan 2023

fter taking cognizance of the prevailing situation of the global pandemic in India, the Indian Machine Tool Manufacturers’ Association (IMTMA) has rescheduled its flagship event ‘IMTEX FORMING & Tooltech’.Read more

Yanmar starts production at new industrial engine plant in India

Yanmar Engine Manufacturing India Pvt Ltd (YEMI) - a part of Japanese firm Yanmar - has commenced production at its new state of the art industrial engine manufacturing plant located at the Origins Industrial Estate in Tamil Nadu.Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

Gleason machines increase efficiency of large gear production

The new Phoenix 500C Bevel Gear Cutting Machine is highly productive solution for larger gears - cutting cycle times, ensuring precision, driving down cost and making life easier for operators and maintenance.Read more

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

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