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MP Engineering supporting growth of machine tools industry
Established in 1994, MP Engineering & Machine Tools is one of the leading suppliers of a comprehensive range of turned and machined components, machine dies, punches, automobile parts, earth moving vehicle components, industrial tooling, jigs and work holding fixtures, etc. It also offers fabrication services that include a wide range of works such as buckets, loader plates, 3-point link, 2-point link, stabiliser inner, foot, bucket plates, U plate, etc for earth moving vehicles. While its machiRead more
Rising material & oil prices are affecting machine tools industry
Mastercam creates software and services that solve the world’s manufacturing challenges. During an interview with IPF, Vineet Seth, Managing Director – South Asia & Middle East, Mastercam APAC, spoke thoroughly about the impact of declining auto sales & shift towards electric vehicles on the machine tools industry and the ways to mitigate it.Read more
UNITED GRINDING and Francis Klein form JV in Inda for machine tools industry
The joint venture - UNITED GRINDING India LLP - is headed by C R Sudheendra, former President of UNITED GRINDING India Branch Office.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
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