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India's Engineering and machine tool industry is on the growth path. The increasing domestic demand is not currently being met by the domestic production, thereby leading to dependence on imports. Favorable market conditions, availability of raw material, manpower and also support from the government is expected to increase the investment in this sector. Many players keen in this sector are looking to increase their capacity. With improvement in R&D, design and product development capabilities, India has the potential to improve its global presence.
Hence keeping in mind all these important factors HITEX is launching the fourth edition of HITEX International Machine Tool Expo, during 04 – 06 September, 2014. |
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