Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Abu Marwan Abdal Malik Ibn Zuhr: ‘Avenzoar’

Abu Marwan Abdal Malik Ibn Zuhr, known in the west as Avenzoar, was

Ummid Assistant

Gandhi Fellowship for Nation Building

Welcome Guest! You are here: Home » Science & Technology

23 countries to participate in machine tool expo

Thursday January 06, 2011 04:59:02 PM, IANS

Bangalore: Exhibitors from 23 countries, including the US for the first time, will participate in the Jan 20-26 Indian metal-cutting machine tool exhibition (Imtex 2011) here, the largest trade fair in South Asia.

The fair will showcase the range of innovations and technological refinements in the product segment from the world over.

Organized by the Indian Machine Tool Manufacturers' Association (IMTMA), it will feature about 800 exhibitors and 750 machines valued at Rs.1,400 crore (over $300 million) at the Bangalore International Exhibition Centre (BIEC) on the outskirts of the city.

Union Minister of Commerce and Industry Anand Sharma will unveil the week-long mega event.

"Momentum of Indian machine tool industry is back. New sectors such as aerospace, healthcare and energy have helped the industry focus on high-end technology and innovation," IMTMA chairman Shailesh Sheth told IANS here.

Delegations from the Automotive Components Manufacturers Association, Society of Indian Automobile Manufacturers, Ordinance Factories, Indian Railways, Tractor Manufacturers Association and state-run Bharat Heavy Electricals Ltd will evaluate the latest trends in cutting tools and tooling systems.

"The machine tool industry is recovering from the impact of the global downturn during the two previous fiscal years. We have drawn a long-term strategy to grow by ten-fold during this decade with a proactive policy intervention by the government and other stakeholders," association past president C.P. Rangachar said.

With a view to develop machine tool technology and raise production to reduce import dependence, counter technology denials and provide manufacturing competitiveness, the association recently presented a vision document and perspective plan for 2010-2020 to the central ministry of heavy industries and public enterprises.

"We have asked the government to grant Rs.2,000 crore towards technology development through innovation, development of skill sets and capacity expansion. The industry will contribute an equivalent amount (Rs.2,000 crore) for the joint initiative," Sheth recalled.

The association has also suggested the government to re-constitute the development council of machine tools and recommended a slew of measures for strengthening partnership between the industry, the state and other stakeholders.

"Our target is to secure a domestic market share of 50 percent in the next five years and 67 percent by 2020 from 30 percent currently, with imports accounting for 70 percent of the demand," Rangachar pointed out.

After posting a record production valued at Rs.1,902 crore, with imports at Rs.5,992 crore and consumption Rs.7,747 crore during fiscal 2007-08, the machine tool industry performance declined in terms of production value to Rs.1,425 crore in recession-hit 2008-09, with imports increasing to Rs.6,271 crore and consumption to Rs.7,606 crore.

During the last fiscal (2009-10), domestic production value, however, increased to Rs.1,652 crore, while import value and consumption declined to Rs.4,852 crore and Rs.6,413 crore, respectively.

Coinciding with the expo, a two-day international seminar on machining technologies will be held Jan 18-19, focusing on evolving trends in the industry the world over.

Experts from Britain, Germany, Israel, Italy, Japan, Singapore, Switzerland and the US will share their experience and latest developments in the field spanning auto components, aerospace, new generation machine tools, electrical and micro machining, die and mould machining, tooling, coolants, control systems and measurements and automation.

The association is expecting about 100,000 visitors at the expo, confirmed orders for Rs.700 crore and business enquiries to the tune of Rs.7,000 crore during the annual event.






  Bookmark and Share                                          Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS

More Headlines

Chennai students design nano satellite, to be launched April

Six options on the Telangana tangle

US delegation visits Gaza, urges end to the siege

Global electronics sales approach trillion-dollar mark

Attempted hijack of Turkish plane thwarted

Anarchist group claims responsibility for Athens blast

World Orchestra for Peace enthrals Abu Dhabi

Gujjars end quota agitation

Sohrabuddin case: Court disallows two cops' voice test

Kalmadi walks out smiling after CBI questioning

Sibal stresses on promoting Urdu

Religious leader under attack over porn film

Associate of Malegaon blast accused attempts suicide, claims torture

'Government working on procedures for NRI’s to vote soon'




Top Stories

Kalmadi walks out smiling after CBI questioning

Unfazed by the over eight hours of questioning in connection with allegations of financial irregularities ahead of the Commonwealth Games, Organising Committee chairman Suresh Kalmadi walked out smiling from the CBI headquarters here  »

Suresh Kalmadi's premises raided by CBI


Picture of the Day

Speaker Lok Sabh Mrs. Meira Kumar with the staff of the Lok Sabha Secretariat at the New Year Celebrations at Parliament House, in New Delhi on January 05, 2011.


  Most Read

Today's all-party meet convened to share Srikrishna report: Congress

With its leaders from Telangana and other regions of Andhra Pradesh having different views on   »

Telangana meet Thursday amid boycott by TRS, BJP

Attempted hijack of Turkish plane thwarted

A passenger onboard a Turkish Airlines flight from Norway to Turkey threatened Wednesday to blow up the plane if it did not return to Oslo, Norwegian media reported. The plane, which carried 59 passengers, landed without incident at Istanbul's Ataturk airport. Police stormed onto   »


  News Pick

Student projects dazzle Indian scientists

Ever thought of locking the legs of a berserk elephant, shedding those extra kilos at a 'green gym' that generates power from plants? These are some    »

Drop sedition case against Binayak Sen: Human Rights Watch

The Indian government should drop sedition cases against rights activists Binayak Sen, Arundhati Roy, and others, the Human Rights Watch said Thursday. The international body  »

Anarchist group claims responsibility for Athens blast

A radical anarchist group suspected of sending dozens of parcel bombs to embassies in Athens and European government leaders claimed responsibility Wednesday for a bomb explosion outside an Athens court Dec 30. The group  »

BJP president forms study team on Jammu and Kashmir

Bharatiya Janata Party (BJP) president Nitin Gadkari Wednesday formed a five-member "study team" on Jammu and Kashmir to interact with a cross-section of people in the state. The team, headed by party leader Rajnath   »

Sibal stresses on promoting Urdu

A national strategy is needed to preserve the heritage of the Urdu language, Human Resource Development Minister Kapil Sibal said here Wednesday. "We need to preserve the past and at the same time need to make   »



RSS  |  Contact us

| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes











Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.