The stage is gearing up for the most hyped event in the coming month as the largest show of machine tools, machineries and manufacturing technologies in the Asian continent. The organisers believe that this will undoubtedly be the gateway to the world of opportunities.
Besides the participation from industry giants of the machine tool and engineering segments from India, separate pavilions from Taiwan, China and Korea have added international edge to the exhibition. There is also a sizeable participation from countries like Germany, Turkey, Singapore, Japan and so on. So the show will also be truly international.
The Indian machine tool industry stands 13th in production and sixth in consumption of machine tools in the world as per the latest survey. The country is all set to become a key player in the global machine tools industry and is likely to see substantial high-end machine tool manufacturing. Industry experts say that the phenomenon is linked to the spurt in manufacturing, for which the machine tools sector serves as the mother industry.
The Indian machine tool industry has around 1,000 units in the production of machine tools, accessories/attachments, subsystems and parts. Of these, around 20 in the large scale sector account for 70 percent of the turnover and the rest are in the SME sector. Approximately, 75 percent of the Indian machine tool producers are ISO certified. While the large organised players cater to India's heavy and medium industries, the small-scale sector meets the demand of ancillary and other units. Many machine tool manufacturers have also obtained CE marking certification, in keeping with the requirements of the European markets.