The Indian Machine Tool Manufacturers' Association (IMTMA) and Ace Micromatic Group have entered into a strategic partnership to enhance manufacturing productivity.

IMTMA and Ace Micromatic Group have been collaborating to host the National Productivity Summit since 2015. Continuing this partnership, Ace Micromatic Group will sponsor the National Productivity Summit for an additional five years, starting in 2025.

The signing ceremony took place on January 6, 2025, at the Ace Micromatic Group premises. It was attended by Jibak Dasgupta, Director General & CEO of IMTMA, and T.K. Ramesh, Managing Director of ACE Designers Limited. Both organisations reaffirmed their commitment to advancing excellence and collaboration for the benefit of the manufacturing fraternity.

The IMTMA-Ace Micromatic Awards continue to recognise companies that lead in productivity and competitiveness in manufacturing.

Commenting on the development, Rajendra S. Rajamane, President of IMTMA, said, "This MoU marks a new chapter in the partnership between IMTMA and AceMicromatic Group, bringing greater value to the National Productivity Summit in the years to come."

Jibak Dasgupta, Director General & CEO of IMTMA, echoed Rajamane's sentiments, adding, "IMTMA is pleased to continue collaborating with AceMicromatic Group. This MoU will enhance productivity excellence, benefiting the manufacturing community."