Technology will drive the machine tools industry future

Q. What trend will drive MACHINE TOOLS industry in near future ?

Multi-tasking machines capable of handling complex processes,  Additive manufacturing, Cost efficient Automation solutions,  Highly Intelligent cnc control systems for digitalization of manufacturing processes, Ultra precision machine tools will be few major trends in near future.

Q. What is the impact of Union budget on the industry  ?

FY 16-17 budget has projected significant investment towards Infrastructure projects like Road/Railways/Port, this will drive

Q. What are the remedies do you suggest to improve the positioning of the industry you are into ?

Rationalization of various taxes & cess for certain period, tax benefits for vehicles using alternate fuel technologies like Electric, Bio diesel etc… will help vehicle manufacturers plan their strategies on long term and will benefit overall depending industries to larger extent.