Imtex Forming 2020 and Tooltech 2020 inaugurated

Bengaluru: ‘IMTEX FORMING 2020 & Tooltech 2020’, organized by Indian Machine Tool Manufacturers’ Association (IMTMA), was inaugurated today at Bangalore International Exhibition Centre (BIEC), Bengaluru. The largest IMTEX FORMING exhibition held thus far.

Spanning over an exhibition space of 33,000 square meters with 602 exhibitors from 26 countries, ‘IMTEX FORMING 2020 & Tooltech 2020’, once again brings stakeholders from the entire global manufacturing fraternity on a common platform for knowledge sharing and business transactions.

Technologies in metal forming such as high-speed laser cutting machines, sheet metalworking, welding and joining, presses, metrology, and CAD / CAM are being exhibited live by machine tool manufacturers to help user industries make informed decisions. The focus is on additive manufacturing and Industry 4.0. 

The exhibition also features parallel events such as:
•    i2 Academia Pavilion (With participation from more than 50 institutions, including IITs)
•    International Buyer-Seller Meet (Participation from 19 overseas buyers from 9 countries: Egypt, France, Guatemala, Iran, Kenya, Russia, Sri Lanka, UAE, and Uzbekistan)
•    Eco Design Awards to encourage green stalls (Participation from 63 companies)
•    Manufacturing Quiz Contest (An inter-college quiz on manufacturing technology)
•    Jagruti
 
Delivering the welcome address at the inauguration, Mr. Jamshyd N Godrej Chairman Exhibitions - IMTMA said, “This is our largest IMTEX FORMING event ever, despite a challenging economic scenario in the country. The current reduction in sales of automobiles, I believe is a global phenomenon and we need to understand that.”

In his address at IMTEX FORMING 2020 & Tooltech 2020 inauguration, Mr. Indradev Babu, President, IMTMA said, “We are at the cusp of a new decade and seeing undercurrent of positive vibes with some initiatives from the Government of India for strengthening manufacturing sector. Few like the allocation of Rs. 102 lakh crores for developing infrastructure, reduction in base corporate tax for companies and related policies to enhance ease of doing business can spur growth."

Mr. Ram Venkataramani, Immediate Past President, ACMA, delivering his address said, “It is heartening to see the developments in the machine tool industry and as users, we are happy with it. Automobile and auto component sectors continue to be the primary drivers of the machine tool industry.”

Mr. Kamal Bali, President and Managing Director, Volvo Group, delivering his address on automobile industry at the inauguration said, “Metal forming will have a major role in battery enclosures and development with the entry of EVs in a big way, IMTEX FORMING exhibitions will act as a catalyst.”

The IMTMA publications, ‘Comprehensive Report on Indian Metal Forming Machinery’ highlighting the current demand trends in metal forming and the Exhibition Catalogue were released at the inauguration. The IMTMA – Premier Outstanding Entrepreneur Award in memory of Vinod Doshi was conferred to Mr. C.S. Shiva Shankaraiah, Managing Director, Trishul Machine Tools.

Overall, 40,000 business visitors are expected to participate in this exhibition. This undoubtedly shows that IMTEX is the market leader to propel business growth for machine tool industries in India, even during tough market situations and a general slowdown in the economy.