Tuesday, Aug 13, 2002
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By Our Special Correspondent
The show, considered the only such available for Indian machine tool manufacturers and local distributors to display the latest in technologies and products, is being held for the second time and coming to Bangalore for the first time, reinforcing the City's reputation for hosting major industrial expos.
Statistics show that the Indian machine tool industry accounts for more than 1.8 per cent of the engineering and manufacturing sector and has impact on 99 per cent of all industries. Being an integral sector, growth of the machine tool industry has bearing on the entire economy and strategic segments such as Defence, Railways, space, and atomic energy.
The machine tool industry in India has over 450 manufacturers, 150 units in the organised sector and installed capacity worth over Rs 1,100 crore, and domestic production accounting for 58 per cent of total consumption. Employing a workforce of 65,000, it has carved a niche in CNC technologies at par with international standards, besides entering the U.S., European, and Japanese markets.
NMTS 2002, to be held at Peenya Industrial Area, will feature live, contemporary metal-cutting and metal-forming tools, including the diversified range of CNC technologies by Indian manufacturers. It will have all the leading Indian machine tool players such as HMT, BFW, and Ace designers, spread over an area of 5,000 sq. metres. Over 85 per cent of the industry will be represented.
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