New Delhi, July 11, 2016: AMTEX 2016, the 11th Edition of the machine tools exhibition of international standards, concluded after its four-day long affair at Pragati Maidan, New Delhi showcasing a wide array of Machine Tools, Machineries and Allied Products. Experts from length and breadth of the Machine Tool and Manufacturing industry in India and global participants from China, Germany, Japan, Korea, Singapore, Taiwan and Turkey are seen participating in this gleaming event and the total market is estimated a value of $181 billion by the end of the current three-year period. Industry experts estimate India to stand 14th in the production and 10th in the consumption of machine tools in the world. The Exhibition was inaugurated by Mr. Rishi Kapoor, Meiban Engineering, Mr. Hiroaki Kiriyama, Muratec Engineering, Mr. Cyril Pereira, Managing director & Mr. Mohammed Shakeeb, Director, Reed Triune Exhibitions Pvt. ltd. Mr. Michael Mandl, CEO, Reed Exhibitions India, Mr. T K Ramesh, Ace Micromatic Pvt. Ltd, Mr. Terrence Miranda, Country Head, Haas India Pvt Ltd, Mr. Maulik Patel, Executive director, Sahajanand Laser Technology Ltd. amidst numerous top dignitaries, trade bodies and international leaders. Mr. Cyril Pereira articulated the prelude mentioning the Exhibition has grown to be the largest show in the region in the last few years.
On the sidelines of the event, Frost & Sullivan unveiled its exclusive white paper themed Smart & Sustainable Manufacturing – Changing Era of Indian Manufacturing in partnership with AMTEX followed by a series of conference sessions led by the crème de la crème of the industry. There are currently almost 700 machine tool manufacturers in India of which the top 25 players contribute a 70% share. The demand is growing at CAGR 15% annually of which about 60% of the demand is addressed by imports currently annually with tremendous boost from the Make in India initiative. Domestic production has shown a strong growth of 24.1% in FY 2014-15 over FY 2013-14.
Mr. Cyril Pereira, Managing Director, Reed Triune Exhibitions Pvt. Ltd enunciated, “AMTEX 2016 acts as the seamless platform for exhibitors bringing business opportunities, world-class technologies and enthusiastic participants from across the globe to present new technologies, to enhance productivity and to produce/manufacture and invest in India. One platform to bring all the relevant sectors and high-end technologies of the industry like aerospace, automobiles, defense, electrical and electronics, material handling etc. The forecast of the global machine-tool market projects a 5.5% annual growth rate through 2019, driven particularly by expanding demand in China and other developing nations. India is perhaps all set to expand its reach to the global market to become a key player in the global machine tools industry”
Mr. Michael Mandl, CEO of Reed Exhibitions India said, “The prime objective of our Government’s “Make in India” campaign is to bring more investment in India creating infrastructure and manufacturing growth in the country. India needs to create 50 million new jobs to stay at its current unemployment level of 5 percent making easy for workers who wants manufacturing jobs transitioning out of agriculture because service jobs require high level of education and professionalism. AMTEX provides the platform bringing in international companies to India to invest aiding to the initiative of “Make in India” creating job opportunities. The automotive industry, Machine Tool, Textiles have been considered as among the fastest growing sectors in the last five years generating immense job opportunities.”
Some of the major companies participated in the event this year are Ace Micromatic (MICROMATIC MACHINE TOOLS PVT. LTD.), Jyoti CNC Automation Ltd., Mitsubishi Electric India Pvt Ltd., Renishaw Metrology Systems Private Limited, Muratec (Murata Machinery Ltd.) and Meiban (Meiban Engineering Technology) among others. The visitor response for AMTEX 2016 was overwhelming accumulation a healthy attendance from sectors like Automobiles & Auto Components, Defence, Railways, Capital Goods and General Engineering Industries.