Sat, Mar 25, 2017 | updated 11:17 AM IST

AMTEX kick-starts with top industry leaders under one umbrella

Updated: Jul 09, 2016 14:58 IST

New Delhi, July 9 (ANI): Eleventh edition of the machine tools exhibition of international standards AMTEX 2016 kick started from July 08 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.

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 Rishi Kapoor, Meiban Engineering, Hiroaki Kiriyama, Muratec Engineering, Cyril Pereira, Managing director and Mohammed Shakeeb, Director, Reed Triune Exhibitions Pvt. ltd. Michael Mandl, CEO, Reed Exhibitions India amongst others.

On the sidelines of the event, Frost and Sullivan unveiled its exclusive white paper themed Smart and Sustainable Manufacturing - Changing Era of Indian Manufacturing in partnership with AMTEX followed by a series of conference sessions led by the creme de la creme of the industry.

There are currently almost 700 machine tool manufacturers in India of which the top 25 players contribute a 70 percent share. The demand is growing at CAGR 15 percent annually of which about 60 percent 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 percent in FY 2014-15 over FY 2013-14.

"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," said Managing Director Reed Triune Exhibitions Pvt. Ltd, Cyril Pereira.

"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 percent 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," added Cyril Pereira. (ANI)

New Delhi [India], Mar. 25 (ANI): The Securities and Exchange Board of India (SEBI) has barred 13 companies, including RIL, from dealing in equity derivatives in the Futures and Options (F&O) segment of stock exchanges, directly or indirectly, for a period of one year.

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New Delhi [India], Mar. 25 (ANI): Arundhati Bhattacharya, Chairman, State Bank of India (SBI) has been ranked 26th in the fourth edition of Fortune's 'World 50 Greatest Leaders' list.

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Updated: Mar 24, 2017 18:27 IST

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Will make Goa beggar-free state: Parrikar

Updated: Mar 24, 2017 15:23 IST

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Updated: Mar 23, 2017 15:21 IST

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Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

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