India remains one of the most promising export markets for the Italian machine tool manufacturing industry, according to the latest study conducted by UCIMU-SISTEMI PER PRODURRE, the association of Italian machine tools, robots, automation systems and ancillary product manufacturers. is. It is the fourth largest retailer of Italian products in this sector.
According to data, in the first nine months of 2024 (January-September), sales of Italian machine tools to India grew by an impressive 80%, amounting to 141 million euros. Reached. This remarkable achievement underlines the strength, resilience and commitment of Italian companies to the Indian market.
The Italian Trade Agency (ITA) is a government agency dedicated to promoting Italian business development abroad and promoting foreign investment in Italy, branding the excellence of ‘Made in Italy’ to India and the world. has contributed to the development of Founded in India in 1969, ITA operates through offices in New Delhi, Bangalore and Mumbai and provides comprehensive support to Italian small and medium-sized enterprises through information, consulting, promotion and training.
Within this dynamic framework, the Italian Trade Agency, in cooperation with UCIMU, is participating in IMTEX 2025, one of the largest machine tool industry exhibitions in Asia. The event will be held at Bangalore International Exhibition Center (BIEC) from January 23 to 29, 2025. The Italian Pavilion in Hall 2B will host 12 prominent Italian companies, showcasing their cutting-edge solutions for sectors such as automotive, defense and industry. railway etc.
These companies represent the unparalleled capabilities of the Italian machine tool industry and serve the diverse needs of the robust Indian market. IMTEX serves as an important platform for Italian companies to understand India’s evolving industrial environment, engage with local stakeholders and explore opportunities for cooperation.
As we all know, the Indian machine tool industry is witnessing significant growth due to technological advancements, increased domestic consumption, and supportive government policies. According to the Indian Ministry of Commerce and Industry’s import trends, Italy’s import volumes have increased significantly, with Italy achieving the highest growth rate among the top 10 importing countries in this sector last year. This growth highlights the shared values and commitment between the Italian and Indian governments towards promoting bilateral trade and technical cooperation.
Antonietta Baccanari“Participation in events like IMTEX plays a vital role in the collaboration between Italy’s technical terminology and India,” said Director General of Trade, Italian Trade Agency, New Delhi. This allows our companies to engage with the Indian market, understand its unique requirements and demonstrate the unparalleled quality and innovation of Italian machine tools. ”
We invite you to visit the Italy Pavilion in Hall 2B and experience first-hand Italian excellence customized for the Indian market. Join us in celebrating this great Italian-Indian growth story and explore opportunities for collaboration and innovation.
Electronic version of the magazine – https://www.machineinsider.com/dynamic-manufacturing-india-jan-feb-2025-edition/
