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IMTEX 2009 inaugurated in Bangalore Print E-mail
Written by Anand   
Friday, 23 January 2009
Bangalore: The much awaited IMTEX 2009, South Asia's Largest Machine Tool Exhibition, was inaugurated here today at the Bangalore International Exhibition center. Spread across 40,000 square metres, the exhibition features 900 exhibitors with approximately half of them from overseas, representing over 25 countries. IMTMA inaugurated the 'Productivity School' located the BIEC campus and announced the first "IMTMA - H. R. Gupta Lifetime Achievement Award".

A large number of new machines were launched at the exhibition today by well known Indian machine tool manufacturers.

Jamshyd N Godrej at the inauguration of IMTEX 2009The current IMTEX 2009 is a not-to-be-missed opportunity for the metal-cutting machine users because next year's IMTEX 2010 will focus on metal forming machines.

According to Mr. Jamshyd N Godrej, Chairman Exhibitions, IMTMA, the decision to host the exhibition annually and to focus on metal-cutting and metal-forming on alternate years was to do justice to the exceedingly large number of players from each of the two sectors.

Mr. Sunil Kant Munjal, Chairman, Hero Corporate Services Ltd, spoke about the upcoming project of the Daimler Hero joint venture and machine tool sourcing plans for the project. He pointed out that What unfolds at IMTEX is the globalisation of this strategic industry. He said that the current slow down could be an opportunity for companies to set their house in order and focus on Quality, Efficiency and Customer Service.

Dr. Yoshiharu Inaba, President and CEO Fanuc Ltd, Japan was present at the inauguration ceremony.

In his opening remarks at the press conference Dr. Ashwani Kumar, Minister of State for Commerce and Industry, said that industry and government would continue to work together proactively in a very constructive manner.

"There is tremendous scope for exponential expansion and up-scaling of this industry. Domestic production only accounts for twenty five per cent of our demand. More than seventy per cent is still fed by imports. I have no doubt that we have the capacity to increase domestic production," he said while speaking about the machine tool industry in India.

"Innovation is going to be at the core of our manufacturing competitiveness. One of the inescapable logics of globalization is that each sector of the industry has to be globally competitive, not just domestically as we no longer have any barriers. So if we are not globally competitive we cannot be domestically competitive," he added.

On a confident note he said that the Boston Consultancy Group had identified, among the emerging markets of the world, 100 global corporate leaders and 21 of those 100 were from India. He also emphasized the importance of skilled manpower which helps to attract an ever expanding number of multinationals who are setting up their manufacturing base in the country.

Being India's largest machine tool exhibition there was a huge visitor turnout on the first day itself with high-level domestic delegations from the Automotive Component Manufacturers Association (ACMA), Indian Electrical & Electronic Manufacturers Association (IEEMA), Indian Ordnance Factories, Indian Railways, Society of Indian Automobile Manufacturers (SIAM), Tractor Manufacturers Association (TMA), aerospace industries, ISRO, VSSC, HAL etc.

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