Released on: April 22, 2008, 4:02 am

Press Release Author: PR Hub

Industry: Automotive

Press Release Summary: Bangalore, April 22, 2008: IMTMA, the nodal association of
machine tool industry in India today unveiled Modern Machine Shop 2008, a new
international business-to-business exposition which for the first time brings
together the entire array of machines, equipments, products and services that enable
facilitation of a modernised shop floor. The first event of its kind in South India
and South East Asia, the exposition will present a one-stop shop for manufacturing
sector especially for SMEs with special emphasis on technology and innovation to
derive competitiveness. MMS 2008 will serve as a new platform that would allow the
SMEs at the bottom of the supply chain pyramid to forge partnerships with system
integrators, service providers and customers. The maiden edition of the event will
be held between April 25 th-29th at Pragati Maidan in New Delhi.

Press Release Body: MMS 2008 will have 111 exhibitors including 24 from 8 countries
(Italy, Japan, Korea, Taiwan, Turkey & UK) including group participation from
Germany. There will be high level business delegations from ACMA (Automotive
Component Manufacturers Association), Indian Railways and Indian Ordinance Factories
besides special teams from OEMs (original equipment manufacturers). The value of the
exhibits alone will be in excess of INR 40 crores and the participation is from
across the spectrum allowing visitors an unique opportunity to see the latest in
manufacturing prowess and technology besides services, under one roof.
According to N K Dhand, President, IMTMA, "Machine tools constitute half of the
total investment in a new manufacturing facility and thus constitute the single
important decision for any new facility. The opportunity to see the entire
components of the modern shop floor and the latest in each component of the entire
manufacturing chain was hitherto not available and we conceptualized MMS 2008 as a
platform to fill that gap. The focus on SMEs came about as we realized they formed
the crucial bulwark of the sector and such an opportunity would be of even more
value to them and hence the focus on them in the exposition."

"MMS 2008 is held at a time when the manufacturing sector is continuing to be
buoyant in India and needs to be globally competitive and adjusts itself to the fast
changing technology and other trends in the sector. That is why you would see even
enterprise software and CAD/CAM players in the exhibitor list. This combined with
the visit of high level business delegations and teams from OEMs make it a platform
of true value. We invite the Indian engineering and manufacturing to make use of the
platform and collectively enhance our competitiveness to compete equally in this
global market," he further added.
Commenting on the machine tool industry, Dhand, said," The sector is posing healthy
growth and India is likely to become the 10th largest market for consumption
globally for machine tools in the near future. Consumption of machine tools touched
INR 7,500 crores in 2007-8 and is expected to grow at a CAGR of 25-30% over the next
5 years. The industry is likely cross the milestone of INR 10,000 crores sometime
this financial year which will be an occasion to celebrate and a turning point in
the industry's chequered history. However, there are challenges like continuing
dominance of imports and level of technology adoption which we are proactively
addressing through various initiatives of IMTMA. We hope to play our role in the
manufacturing resurgence of India and Indian corporate sector."
IMTMA on the occasion announced the plan to set up machine tool parks in 2-3 places
across India through a SPV (special purpose vehicle) based on the PPP (public
private partnership) model. The parks would co-locate machine tool companies & their
supply chain units to achieve long-term capacity expansion, technology up-gradation
and market development. The association is seeking support from government for
creating the park infrastructure and the industry's contribution is likely to be
60%.
MMS 2008 will have Interactive and 'live' demonstration of exhibits. The exhibitor's
profile is quite diverse and encompasses every possible aspect that a manufacturer
would require. There will be free entry into Pragati Maidan (through Gate No. 2 & 7
and even from Gate No 1) for business visitors and AC shuttle facilities from Gate
to Halls. There are user friendly pre-exhibition registration facilities, including
online registration, a visitor helpdesk, an exclusive protocol lounge for VIP
visitors and an exclusive media lounge equipped with internet-ready workstations for
media representatives. MMS is planned to be held every alternate year.
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 over 300
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.
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