India will enhance the productivity of the machine tool industry and shorten the international technical level

The chairman of the Indian Machine Tool Manufacturers Association (IMTMA) said recently that in the next 2 to 3 years, the Indian machine tool industry plans to invest 20 billion to 30 billion rupees. IMTMA will also actively develop its potential and advantages, rely on independent innovation to develop new products, accelerate the introduction of new technological concepts such as mechatronics and hard cutting, and strive to achieve a growth rate of 35% in the next two years. At present, the demand for domestic machine tools in India relies too much on imports. The country must continuously narrow the technological gap with international advanced products by enhancing productivity and enhance the stability and accuracy of products. At the same time, more efforts must be made in the introduction of modern technology and market strategy planning to reduce imports and increase the competitiveness of Indian machine tools in the export market. He also emphasized that while carrying out technological innovation, modern safety concepts must be implemented.