Released on = January 5, 2007, 10:49 pm

Press Release Author = IMTMA

Industry = Industrial

Press Release Summary = Inauguration by Mr. Kamal Nath & Key Dignitaries from Govt
of Karnataka
Largest Overseas Participation: Fair Expected to Generate Business worth Rs. 5,000
Crore


Press Release Body = Bangalore, January 4, 2007: IMTEX 2007 - the largest exhibition
of machine tools and manufacturing solutions in South & South East Asia is being
held for the first time ever in South India and in Bangalore - the hub of the
machine tool industry. Organised by Indian Machine Tool Manufacturers' Association
(IMTMA), IMTEX is scheduled from 18 - 24 January at IMTMA's own exhibition facility
- Bangalore International Exhibition Centre (BIEC) on Tumkur Road. IMTMA is also
holding as a concurrent fair, Tooltech 2007 - the international exhibition of
cutting tools and tooling technology systems.

A B2C event featuring recent global trends in machine tools and manufacturing
solutions, IMTEX 2007 and Tooltech 2007 seeks to reactivate the industry enthusiasm
and reinforce the feel good factor already predominant within the industry.

Addressing a press conference here today, Mr. Shailesh Sheth, Media Chairman -
IMTMA, said, "IMTEX and Tooltech is the launch-pad of the machine tool industry's
globalisation process and will be the show-window of India's world-class
competitiveness in manufacturing technologies. The exhibition will display 'live'
machine tools and manufacturing solutions from all the world's best known brands in
this product segment."

Spread across 50,000 square metres, the exhibition features 1,163 exhibitions,
including half from overseas representing 25 countries. Key highlight of the
exhibition are six country group participation from China, Germany, Singapore,
Spain, Taiwan and UK. Other major countries represented at IMTEX and Tooltech 2007
include Austria, Czech Republic, France, Israel, Italy, Japan, Korea, Switzerland
and United States of America

Besides, over 95 % of Indian machine tool industry is being represented at IMTEX
2007 & Tooltech 2007 - making it the most preferred platform unanimously across the
industry. IMTEX 2007 and Tooltech 2007 is set to have a grand opening in Bangalore
with its inauguration by Mr. Kamal Nath, Union Minister for Commerce and Industry
along with key dignitaries from the Government of Karnataka.

IMTEX and Tooltech are being held amidst increasing machine tool globalisation and
the huge potential of the Indian machine tool industry. According to Mr. C. P.
Rangachar, President of IMTMA, "the domestic machine tool industry performed
exceedingly well with a 40 % growth in the first half of 2006-07, and is expected to
record an over 35 % growth for the fiscal year." Mr. Rangachar further asserted,
"the industry will register a 25 % growth in the next two years as well. It will
truly mark the coming of age of this strategically important sector."

In his comments, Mr. Shailesh Sheth said, "this IMTEX 2007 is set to break other
records as well. The total value of exhibits at IMTEX 2007 is a record Rs. 300
crores. Besides we estimate confirmed orders worth Rs. 600 crores and business
enquiries worth Rs. 5,000 crores to be generated out of this IMTEX." He added, "all
of this translates to increased visitor interest, which is also expected to be
phenomenal."

Key events at IMTEX 2007 include the International Machine Tool Forum on 20 January
2007, which will have a high-level delegation from Germany led by Mr. Thomas Jurk,
Minister for Economic Affairs and Labour, State of Saxony, Germany among others.

There will also be other high-level international delegations from Czech Republic,
Korea and Switzerland. In addition, IMTEX 2007 will receive 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),
Textile Machinery Manufacturers Association (TMMA), Tractor Manufacturers
Association (TMA) among others.

The other facet of the exhibition will be its concurrent seminars on automation in
metalworking, new generation cutting tools and optimum work holding and fixturing on
machine tools. To facilitate and help both exhibitors and visitors, a special online
and offline helpdesk has been set up and registrations made easier by making it
online. There will be information desks at Bangalore Airport & Railway Station
besides regular free shuttles to the exhibition center from the city center,
majestic, airport and leading hotels.

Held every three years, IMTEX 2007 is amongst the five largest international shows,
globally. In its 38th year, IMTEX has grown over the years into a sought after
global event for the entire industry. Tooltech 2007 has a comprehensive display of
metalworking machine tools, cutting tools, tooling systems, machine tool
accessories, metrology and CAD/CAM.

Founded 60 years ago, Indian Machine Tool Manufacturers\' Association (IMTMA) is the
apex body of machine tool industry in the country with a membership of around 400
companies from both, the public and private sectors. The Association has over the
years transformed itself to looking beyond, to focus on issues of productivity,
quality, technology, new product development, design, customer satisfaction, etc.
for enhancing competitiveness of the industry in both domestic and overseas markets.
IMTMA plays a key role in the growth and development of this industry and it is the
reference point for the industry.

For editorial queries only contact Deepa/Lubdha of PRHUB @ 22483007/8 or e-mail
deepa@prhub.com.


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