| | December 20194The machine tool industry is key to the government's flagship `Make in India' and `Skill India' initiatives, given that it makes the machines required for the manufacturing sector. Not all countries are strong in machine tools. Japan and Germany are strong in production and degree of sophistication/technology level. Global production of machine tools is worth around USD 84 billion. In volume, China leads the pack; in technological maturity, Germany and Japan are at the same level. China's machine tool production is about USD 24 billion. There is a positive sentiment in almost all manufacturing segments, with a direction for people to invest and an opportunity for India to become a manufacturing hub. At the ground level, there is some momentum in sectors like railways, aerospace, and defence. But if we do not grab this opportunity, India might lose 10 years, and by that time everybody would have moved forward.Besides, the Machinery and Equipment industry is of strategic importance to the economy, given its multiplier effect on various sectors. Still, the domestic market is heavily dependent on imports on account of high domestic demand, dependence on imports for high-end technology machinery, and cost advantage from imports, amongst others. Therefore, up-gradation of technology, continuous R&D efforts and building India's self sufficiency in this sector calls for necessary investments and support by the Government and private sector both.From machineries for packaging to weighing bulk exports or even vehicle near tolls, India has secured ground for manufacturing all such machines in-house. This only shows our zeal to make out `Make in india' dream come true. The Indian machinery and equipment industry has significant opportunities both in the domestic and export markets in the decade ahead. However, high dependence on imports, capacity constraints, outdated technology, lack of R&D focus and innovation is hampering in exploiting the sector's full potential. At the same time, demands of the user industries are expected to evolve and the demand for next generation, customized products will increase. In this scenario, machinery& equipment companies who fail to adapt to this change will be left behind. Enhancing R&D efforts will be an important step to attain manufacturing excellence for the industry in the coming decade. This edition throws some light on such manufacturers who have made a difference in the industry. Do let us know what you think. Chitra MishraSpecial Editoreditor@siliconindia.comEditorialIndian Machinery Industry: A Reckoning siliconindia Vol 08 · Issue 5 - 1 · December, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Special Editor Chitra Mishra Editorial Team Aveek Pal Chaudhuri Deepshikha Singh Rohan A T Sthitaprajnya Panigrahi VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Mohana Krishnan Siva Sankar Group Art DirectorAshok KumarNoida Ashu Sethi Garima AnandCirculation Manager Magendran Perumal Anupreethi Danila Ashwini Naik Chandra Thyagaraj Sambit Satpathy
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