Indian Micro, Small and Medium Enterprises (MSMEs) have made major contributions to the economy. Sadly, most MSMEs are still in the micro phase of their development. The MSME sector faces some major challenges with regard to finances, resources, and adoption of technology, to name a few, as a result of which they cannot function efficiently and have low productivity levels. The government and organisations, like the UN and SIDBI, have taken measures to ease the MSMEs’ burden. It remains to be seen how MSMEs succeed in freeing themselves from their challenges.
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“While the policy aspects and interventions by the government will be ensured to a large extent, toolmakers need to intrinsically figure out what they need to work on to become more competitive,” says Vinamra Mishra, Director (Technical & Projects), Ministry of Micro, Small and Medium Enterprises.
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Micro, Small and Medium Enterprises (MSMEs) have made macro contributions to the Indian economy. In spite of their significance, they are forced to deal with several challenges impeding their growth. Entrepreneurs share their views on what could be done to create a win-win situation for all. Read More

On August 15, 2021, India celebrated its 75th Independence Day. On the occasion of “the Amrit Mahotsav of freedom”, Prime Minister Narendra Modi addressed the country from the iconic Red Fort and shared the government’s plans for India. Here are some excerpts from his speech published on the Press Information Bureau website.
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Coldwater, Michigan-based Sport Truck USA (Sport Truck), a division of Fox Factory Holding Corp., knows a thing or two about automotive suspensions. Since 1991, the shop’s been designing, manufacturing, marketing and distributing high-quality aftermarket off-road suspension components, such as lift kits, for pickup trucks and 4x4s through its family of brands that includes BDS Suspension, Zone Offroad Products, JKS Manufacturing and 4×4 Posi-Lok. But as consumer demand grows for suspension lift kits for today’s newer, more sophisticated models, so too does the need for more complicated parts necessary for those kits.
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Mercedes-Benz plant in Wörth, Germany, sets course for future series production of battery-electric and fuel-cell trucks.
Sustainable, highly flexible and ideally positioned for the future of transport: The Mercedes-Benz plant in Wörth, Germany, is becoming the center for emissionfree transport within the Mercedes-Benz truck production network. Management and works council have agreed on a corresponding target picture for the site. Both the parties agreed on key points for the future development and safeguarding of the future of Mercedes-Benz Trucks’ largest location.
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• Kennametal introduces HiPACS for aerospace fastener hole drilling and countersinking in one step
• GWS Tool Group releases new Alumigator™ ASR-5 End Mill
• MHI Machine Tool to expand metal 3D-printing services
• Husky & Chem-Trend create simple and effective colour change feature for Altanium® Hot Runner Temperature Controllers
• Indian auto component industry clocks turnover of INR 3.4 lakh crore (USD 45.9 billion), de-grows 3% in FY 2020-21
• MSMEs in machine tools manufacturing impacted due to increase in raw material costs, says IMTMA
• Sanco Dies & Moulds sets up a world-class tool room in Pune, D. K. Sharma inaugurates the facility
• Fitch Ratings cuts India’s growth forecast to 10%, says rapid vaccination to support revival

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‘Life well lived’ is the thought that comes to mind when one remembers the significant contributions of Mr. K. P. Bhansali, Founder, Anand Mould Steels Pvt. Ltd., and Mr. Nickunj Shah, Founder Chairman, Nickunj Group. They were brave, followed their instincts, and made their dreams come true. Their lifetime was defined by inspiring many entrepreneurs and teaching by example. TAGMA Times pays tribute to these two great visionaries
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