Machine tool makers raise tech denial from advanced economies with Commerce Ministry

Anil Urs Bangalore | Updated on June 07, 2011 Published on June 07, 2011

Machine tool manufacturers have raised the issue of technology denials from machine makers in advanced economies, especially Japan, to Indian machine tool manufacturers.

Machine tool makers submitted a note on this issue to Union Commerce Minister, Mr Anand Sharma, who visited Bangalore recently, and they said “Companies in advanced economies are keen to supply or transfer technology to user industries like automobile, textile and heavy industries rather than machine tool manufacturers.”

According to Mr S.G. Shirgurkar of ACE Designers, who was part of the delegation who met the Commerce Minister, said “Recently at Central Manufacturing Technology Institute (CMTI) event we met the Minister, had brief interaction and we raised this issue. He has promised to look into it and raise the issue at High-Level Committee on Manufacturing to be held under the leadership of Prime Minister on June 9.”

The Indian Machine Tool Manufacturers' Association (IMTMA) has submitted a detail road map to Union Commerce Ministry as to how to become self sufficient in machine tool manufacturing.

The association in its note has proposed to the Commerce Minister that it is possible for the country's machine tool consumption which is around 30 per cent to touch 50-60 per cent level like the advanced economies in the next decade.

“To achieve this level, the association has submitted a list of machines need to be built in the country, research and development support needed, kind of component which needs to be manufactured and manpower development,” said Mr Shirgurkar.

“The time given to IMTMA to discuss with Union Commerce Ministry at Bangalore recently was short. But we gave him a detailed note,” he added

The association has also submitted a similar proposal to the Planning Commission member Arun Maira and few senior officials of Department of Industrial Policy & Promotion (DIPP).

“So far no progress has been made. But with the Prime Minister showing interest in manufacturing and holding a High-Level Committee on Manufacturing. We hope some of our ideas and proposal are put in place,” said Mr Shirgurkar.

According to Commerce Ministry note circulated recently, the objective holding a High-Level Committee on Manufacturing is to identify key instrumentalities by which we can augment the share of manufacturing in our GDP from 15 per cent to 25 per cent by 2025. This will entail a growth in manufacturing at the rate of 12-14 per cent a year, which will be able to sustain the momentum of economic growth in the range of 9 per cent and enable the creation of 100 million jobs in domestic industry by 2025.

Published on June 07, 2011

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.