Machine tool demand up; growth impulse back:
IMTMA
20/08/2014 18:29
The order inflows for machine tools are about 30 per cent better now than during the same period previous year, Indian Machine Tool Manufacturers' Association President L Krishnan said today, reported PTI. "We have seen over the last five six months and as compared to the previous year, order inflows are 30 per cent better than the same time previous year," he told reporters. The IMTMA top official was speaking to reporters on the sidelines of the two-day National Productivity Summit 2014. Answering a question on the demand scenario for machine tools, he said the demand especially for high-end machines was on the upswing, as per the media reports. On prospects for immediate future, he said, "We are seeing green shoots and slowly growth impulse is coming back and we are hopeful that in the coming six to nine months demand will further pick-up.
20/08/2014 18:29
The order inflows for machine tools are about 30 per cent better now than during the same period previous year, Indian Machine Tool Manufacturers' Association President L Krishnan said today, reported PTI. "We have seen over the last five six months and as compared to the previous year, order inflows are 30 per cent better than the same time previous year," he told reporters. The IMTMA top official was speaking to reporters on the sidelines of the two-day National Productivity Summit 2014. Answering a question on the demand scenario for machine tools, he said the demand especially for high-end machines was on the upswing, as per the media reports. On prospects for immediate future, he said, "We are seeing green shoots and slowly growth impulse is coming back and we are hopeful that in the coming six to nine months demand will further pick-up.
