Indian machine tool manufacturers aspire for 67% share in domestic market by the year 2020

IMTMA, the Indian machine tool manufacturers association which is the apex body of Indian machine tool manufacturers has given a target of 50% domestic market share to the manufacturers by the year 2015. The current domestic market share of Indian manufacturers stands at a dismal 25%. Due to the significant developments in technology and promotion of practices which enhance manufacturing competitiveness, this market share is expected to touch 67% by the year 2020.
IMTMA is currently working closely with the Indian government to make sure that this target does not remain just on paper. These were the words of CP Rangachar, former president, IMTMA. He also outlined the blueprint for the Indian machine tool industry for the period 2010 – 2020.
The industry has laid out several demands to the government in order to help it achieve this target.
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IMTMA to give finishing touches to engineering graduates and make them industry ready

Indian Machine Tools Manufacturers Association has set up a finishing school to educate engineering graduates on practical aspects of new age machining.
Couple of years ago, the Indian machine tools industry was not only struggling to pay its’ employees salaries, but finding it hard to even retain them, all due to recession and order cancellations resulting from it. However today, not only is the machine tool industry buzzing with a lot of activity, but also imparting additional training to its workers to stay updated with the new age technologies.
IMTMA or Indian Machine Tools Manufacturers’ Association has now set up a Finishing school in Production engineering to help impart workers with practical facets of modern machining – right from studying an engineering drawing to carrying out measurements and quality control – including CNC machining, CNC programming, machining process, process planning, selection o tools, tool materials and optimizing machining parameters.
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Swiss firm StarragHeckert AG to set up a 50 crore machine tools in Bangalore

StarragHeckert AG, the Global turnkey solutions provider from Switzerland is all set to invest Rs. 50 crore in a machine tools plant in the upcoming Aeropark close to International Airport at Devanahalli in Bangalore. Managing Director of StarragHeckert for their precision machine unit, Eberhard Schoppe told media persons that it is the first time that the firm is setting foot outside of Europe to set up a manufacturing unit.
The unit will produce high end machines which will be customized to cater to specific requirements of the flourishing Indian industry. The machines produced will be used by original equipment manufacturers (OEMs) of heavy duty vehicles, windmills, valves, tractors, turbine blade root, power generation engines, earthmovers, compressors etc.
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Machine tools industry witnesses a rising trend in local demand

Local machine tools manufacturing companies are increasingly finding themselves underequipped to handle the surging demand. Most of this demand, as much as 70% of it is currently being met by importing from other countries like China and Germany. The industry heads claim that if swift measures are not taken, the trend could further deteriorate.
India’s GDP is presently growing close to a rate of 9% pa and the demand for machine tools is only going to increase. In the opinion of Mr. Shailesh Sheth, the Chairman of program committee of IMTMA (Indian Machine Tools Manufacturers’ Association), the machine tool industry in India witnessed a 25% CAGR growth in the last three to four years. This growth rate is estimated to touch 50 to 100% in the next two to three years and there are not enough local suppliers to cater to these demands.
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Machine tools industry witnesses a rising trend in local demand

Local machine tools manufacturing companies are increasingly finding themselves underequipped to handle the surging demand. Most of this demand, as much as 70% of it is currently being met by importing from other countries like China and Germany. The industry heads claim that if swift measures are not taken, the trend could further deteriorate.
India’s GDP is presently growing close to a rate of 9% pa and the demand for machine tools is only going to increase. In the opinion of Mr. Shailesh Sheth, the Chairman of program committee of IMTMA (Indian Machine Tools Manufacturers’ Association), the machine tool industry in India witnessed a 25% CAGR growth in the last three to four years. This growth rate is estimated to touch 50 to 100% in the next two to three years and there are not enough local suppliers to cater to these demands.
Log on to www.mackexperts.com, the best Online B2B portal for machinery industry in India.

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L&T and Kobe Steel, Japan get into a joint venture to produce tyre and rubber industry equipments

Japan’s Kobe Steel and India’s leading construction and engineering company, Larsen & Toubro Ltd. have got into a joint venture to manufacture rubber and tyre industry equipments for Indian as well as overseas market.
As per the company, Kobe and L&T possess complementary strengths. In an official release, the company stated that the JV will result in a strong partnership in the international rubber machinery market and will provide clients with excellent products for tyre industry.
The JV will involve an investment of around Rs. 60 crores to set up pertinent infrastructure and manufacturing facility. The partnership has been formed after considerable due diligence. It will enable to JV to benefit from the technological leadership of Kobe and the market penetration of L&T through its huge client base in the Indian market.
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Investment delays affect Capital goods growth

Going by the official data, Indian companies have significantly slashed their spending on machine tools, material handling, industrial machinery and computer systems. The capital goods market which witnessed a roller coaster ride in the last few months may eventually begin showing its effect on the overall industrial performance. Such trend could have a negative effect on the industrial growth in medium term as it indicates that companies are not showing inclination towards capacity addition.

A senior government official expressed that they’ll have to watch the investment figures in case this trend continues for the next few months. Commerce and industry minister, Mr. Anand Sharma also convened a meeting of industry’s representatives to gather their inputs for checking this trend.

Although economists normally don’t pay much heed to the government data, this time they too are little concerned.

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Mack Experts – The Ladder of Successful Business

Do you know the key of successful business? How to reach your targeted goals? How to know who your competitors are and what they are doing? If you are looking for the answers than you are at the right place. Mack Experts will answer your questions with great relevancy and authentication.

What is Mack Experts?

Mack Experts B2B Online Portal is a global online website for domestic and international buyers and sellers. It is a podium where you can find new products and business partners. Suppose, you are an Automobile manufacturer and wants buyers to find you from all around the globe. The finest way to fulfill your desired objective is to register your business with a B2B online directory website and start promoting your products there. It works as an important tool for traders where all kind of businesses and business information can be found easily. You can easily make contacts with the companies you feel interested in doing business with. We are a great resource as a B2B online portal in the field of Automobiles, Scientific Instruments, Testing Equipments, Wire and Cable Machinery and many more.

Advantages of joining Mack Experts:

You get a chance to introduce your company to global buyers: Launching and introducing your company is the first and most important step in the market. So, first step should be taken with great care and efforts. If you want to sell your products online globally than B2B portal is the best option available for you. If your company is known to others only than you can grow your business in this competitive market. B2B is the platform where your buyers can find you and you can deal with them on the interested products.

Display more products which mean more buyers and more business: You can give complete details and information about your products on b2b online directories. It has been verified that the more products you advertise in the market, the more customers you fetch. You should always keep this thing that a prospective buyer uses keywords to find your profile and products. For example, if you display 1 product and your competitor displays 10 products then undoubtedly your rival will attract 10 times more buyers than you. So we can measure the multiplicity of gain that a businessman earns by displaying more products in the market than its competitors.

Post your latest deals or offers: Every time you introduce any new product in the market, you should always display it in a b2b directory online. You can post your selling offers for these products as well as modification in already existed products. It is has emerged as a very new and impactful promotion tool. You can say that joining a b2b directory is comparatively cost effective also than other marketing channels.

Keep track of new offers and services: Updating you with market trends through trade alerts, seminars and exhibitions is one more advantage of joining Mack Experts. By analyzing the market trends, you can easily examine your potential competitor’s and their activities.
Registering your business with a b2b directory ensures your market success whether it relates to buyer or supplier, an online directory is vital solution for all traders interested in boosting their business. Mack Experts is having world class search facility which ensures the buyers, interested in your products; can search your products details with company profile.

For more information on Mack Experts Technologies Pvt. Ltd., www.mackexperts.com or any of the company’s products, please visit www.mackexperts.com or contact

MackExperts Technologies Pvt. Ltd.
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Customer Care: 0129-4142000
Phone: 91129-4316500-01
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Email: opportunity@mackexperts.com, saurabh@mackexperts.com

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Pragati Automation in expansion mode

In an effort to end India’s age old dependency on foreign entities, Pragati Automation Pvt. Ltd., a Bangalore based automation company is working tirelessly and is at the final stages of development of India’s first indigenous Computer Numerical Controller (CNC).
In an interaction recently with Deccan Herald, the Chairman Mr. Ashok V Sathe of Pragati Automation Pvt. Ltd. stated that CNC helps significantly in replacement of old machines with new age high skill level machine operations such as drilling. Mr. Sathe further said that manufacturing sector in India is witnessing tremendous changes. Precision levels in production processes are at an all time high. Their R&D division is in the advanced stages of CNC development and hope to have it ready by the end of this year.
The company which is presently engaged in production of servo motors and drivers is on the verge of entering Chinese market by setting up its maiden assembly plant in Shanghai.
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Lakshmi Machine Works’ Order book Stands at a Whopping Rs.4100 Crores

Lakshmi Machine Works, the Tamil Nadu based textile machinery manufacturer has recently declared excellent numbers for quarter ending December 2010. Its net profit has leapt up by 50% to Rs. 45.83 crores, a more than 47% increase in its top line, to Rs. 481.65 crores. Due to rebound in projects and growth in the textile industry, the textile machinery division of the company is mainly responsible for driving up the profits. The margins were under considerable pressure as the company had not increased its’ products’ prices in the quarter under review. Nevertheless, the management of the company is confident of passing on the hike in raw material prices to its’ clients in the following quarters.
The order book of the company stood at a healthy Rs. 4100 crores at the end of December 2010, out of which Rs. 2300 crores were of fresh orders in 9MFY10.
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