AMTEX 2018 Demonstrated Technological Innovations and Opportunities for the Global Machine Tools Sector
The four day event put its major focus specially on automotive, power, electrical equipment, textile machinery and consumer goods industry.
AMTEX 2018, the biennial machine tools and engineering exhibition in India has wrapped up at the Pragati Maidan, New Delhi. The theme for this year was Man, Machine & the Future.
With the conjunction to the theme, this edition showcased the latest innovations and dedicated solutions that will address the growing needs of the machine tools industry from the Netherlands, Italy, South Korea, China, Germany, and Taiwan. The four day event put its major focus specially on automotive, power, electrical equipment, textile machinery and consumer goods industry.
The major highlights of this edition were the presence of 3 Concurrent Shows, dedicated to Quality, Metrology, Tooling, Automation and Robotics.
The inauguration ceremony was attended by dignitaries K. Murali, Director, MSME- Technology Development Center, R. Panneer Selvam, Principal Director, MSME- Technology Development Center, Satish Ranade, VP, Electronica India Ltd, Rakesh Agarwal, Managing Director, Laser Technologies Pvt Ltd, Linda, Global Sales Head, Jiangsu Daijin Laser Science Technology Co. Ltd, Cyril Pereira, Managing Director, Reed Triune Exhibitions Pvt Ltd, and Gregory Zaraisky, CEO, Reed Exhibitions India.
As per Indian Machine Tools Manufacturing Association (IMTMA), the market size of machine tools sector was sized at USD 1.7 billion in 2017. The machine tool industry comprises of about 25% large players and the remaining 75% is dominated by small manufacturers and manufacturing companies. It has been estimated that the machine tool industry in India has the potential to reach $ 3-4 billion by 2020-2022. The global conclave encourages Indian manufacturers and discuss in depth the benefits of adopting new age machine tools with advanced technology that can accelerate the growth of manufacturing sector in India.
On the Inauguration of the exhibition, R. Panneer Selvam, Principal Director, MSME- Technology Development Center noted “AMTEX is a great platform to bring together industrialists and knowledge leaders from the machine tools and engineering sector. With India focusing on innovation and Indian products through initiatives like Make in India coupled with growth in manufacturing that are eventually boosting newer and unique Indian ventures. The reduction in Corporate tax to 25 % for turnover up to 250 Crores, would also benefit some of the major machine tool manufacturers in the country and contribute towards its growth.”
Adding more, Cyril Pereira, Managing Director, Reed Triune Exhibitions Pvt. Ltd, commented, “We are delighted to present the 11th edition of AMTEX which has grown into a premium destination for industry leaders from the machine tools and engineering sector. It will be the perfect platform for the manufacturing fraternity at large, who can be sure to find the right solution to their business needs. India is poised to grow from currently being 12th in production and 8th in consumption (Gardner Survey 2017) and for this the industry need to develop capabilities to cater to this demand and investments for long term benefits in the economy. The exhibition will be high on innovative technology as we are expecting over 450 exhibitors including 150 international companies and 120+ first time participants.”
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