IMTEX’ 17 garners ` 1,670 Cr worth global orders

March 15, 2017 12:53 pm

Abuzz with latest technologies IMTEX’ 17 throws new light on manufacturing sector

Karnataka CM Siddaramaiah inaugurates IMTEX 2017

Orders worth ` 1,670 crore and enquiries to the value of ` 18,989 crore were generated during IMTEX 2017 and Tooltech 2017, said an official statement issued by Indian Machine Tool Manufacturers’ Association’s (IMTMA). It also claims that the exhibition attracted a footfall of 75,440 visitors.

The exhibition held in Bengaluru from 26th January to 1st February. Inaugurating the exhibition Karnataka Chief Minister Siddaramaiah said, “It is well known that machine tools are the backbone of manufacturing and a strong machine tool industry propels strong manufacturing which in turn spurs the economy. Karnataka was the cradle for the machine tool industry which has now grown to produce over 50 per cent of Indian machine tool output. Keeping this in view the government along with the industry charted out a plan for developing a machine tool park in the state”.

The proposed machine tool park at Vasantha Narsapur in Tumkur district is a joint venture between the Government of India and the Government of Karnataka and will come up in a land of 500 acres. Once functional, the park is expected to boost the domestic turnover of machine tools while saving foreign exchange and reducing imports. Furthermore, the park will also create over 4000 jobs in manufacturing and administrative fields.

Speaking about the advancements in technology demonstrated at IMTEX 2017, IMTMA President, P. G. Jadeja said, “IMTEX 2017 once again provided a platform for launch of new machines with latest technologies related to the machine tool industry. Technologies such as Internet of Things, Industry 4.0, 3D printing, etc. attracted large number of visitors mostly technology professionals including 158 trade delegations from public and private sectors such as automobiles, auto components, defence, aerospace, railways, power and energy, pharmaceuticals, etc.”

IMTMA Director General, V. Anbu stated, “With the addition of a newly constructed state-of-the-art hall measuring 17,500 square metres IMTMA was able to provide more space for exhibitors to showcase machines which in turn translated into more orders and enquiries than ever before.”

The exhibition area spread across 6 halls in a gross area of 66,000 square metres featured exhibitors from 23 countries including India. China, Czech Republic, Germany, Italy, Spain, Taiwan and United States of America not in sync had group participation. Over a thousand machines in operational mode were showcased.

The next edition of IMTEX will be held in January 2019 which will also mark 50 years of the IMTEX event.