suppliers of machine tools & automation products/ services to benefit from the rapidly growing Indian market.
Corporate India, International Organizations and Consulting Companies continue to remain upbeat about India’s economic fundamentals. According to the projections made by the World Economic Outlook (WEO) released recently by the IMF, India is likely to register a Gross Domestic Product (GDP) growth of 7.9 per cent in 2008-09,
Recently Capgemini, the global consulting, technology and outsourcing services major, in its latest report indicated that many leading multinational companies are keenly looking to leverage India’s manufacturing advantage and have invested billions of dollars in setting up / expanding / upgrading their base in India. This is clearly reflective of a manufacturing-based economic growth in the country.
The Indian machine-tool output in the last two years has seen a growth rate nothing short of phenomenal. Industry sources attribute the surge to increased demand from three growing industrial sectors: automotive, auto ancillaries, and consumer durables.
A truly international trade fair, INDIAMART IMEX’09 is designed to facilitate effective interaction among several fraternities of the machine tool, automation, cutting tool and user industries. |