With the aim to provide a platform for the Indian Machine Tool manufacturers to interact with international buyers, IMTMA along with EEPC India organised the Reverse Buyer Seller Meet (RBSM) at IMTEX FORMING 2020.
Talking about the initiative at the Meet’s inaugural session, TK Ramesh, Chairman, IMTMA Export Development Cell, highlighted the strengths and capabilities of the Indian machine tool industry. He said, "Today, globally, India holds the ninth position in machine tools manufacturing and the seventh position in their consumption.”
R Seshagiri, Deputy Regional Chairman - South, EEPC India, spoke on the advantages of buying machinery from India, "Indian machine tools are reasonably priced. The conversion of Indian currency is quite easy from any part of the world, and Indian support to the buyers is excellent."
The session ended with vote of thanks from M.G. Srinivas, Executive Director, IMTMA. Overall, 15 delegates from 8 countries: Egypt, France, Guatemala, Kenya, Russian Federation, Sri Lanka, United Arab Emirates, and Uzbekistan attended the event held at BIEC, Bangalore on 24th and 25th January 2020.