K Sreeramachandra Murthy, President – Operations, Lakshmi Machine Works Limited, Machine Tool Division and DMI Influencer 2022 shares his company’s media and industry influence and the vision for the growth of the industry
Social Media presence
- Facebook – 45,000 followers
- LinkedIn – 15,200 followers
- YouTube – 7370 subscribers
- Instagram – 1200 followers
- Mainstream Media Presence
Publications that have featured the company and its offerings
- Modern Manufacturing India
- Motor India
- Efficient Manufacturing
- Manufacturing Today
- Machine Tool World
- Engineering Review
- Machine Maker
- OEM Update
- Autocar Professional
Industry influence
Recent events that the company has participated in:
- Machauto’22, Ludhiana
- Die Mold India’22, Mumbai
- INTEC’22, Coimbatore
Award and Accolades
- Received Engineering Excellence Award from Engineering Review
- Received ‘’The Best Stall Award’’ at INTEC’22
- Indian Machine Tools Industry Vision
India occupies 10th position in global machine tools production. Its share in global production is about 0.9 %. The machine tools market in India is poised to grow by 14,000 Crore during 2020-24, progressing at a CAGR of nearly 13 percent during the forecast period.
Main Factors
- The auto sector, a key user of machine tools, is set to grow 3.5 to 4 times from its current size of INR 5.7L Crore to reach about INR 23.4L Crore by 2026.
- The rise of Electric Vehicles to play a key role as the EV market size to cross INR 1600 Crore by FY 2023
- The Indian government plans to spend INR 70,221 crore over the next five years to achieve self-reliance in defence production
- India is estimated to become the third-largest aviation market in the world by 2025, and will likely need nearly 1,500 new commercial aircraft by 2030
Government Policies
- 100% foreign direct investment (FDI) is allowed
- Import duties have been consistently reduced.
- Exports are being recognized as a national priority by all union and state gov. agencies
Organizational Vision
Vision
- To enhance customer satisfaction and our image globally and achieve exponential growth to leadership through world class products and service.
Mission
- To deliver greater value to our customers by providing complete competitive solutions through technological leadership and manufacturing excellence that are responsive to dynamic market needs.
Values
- Excellence
- Integrity
- Learning and sharing
- Contribution to industry and society
Organization’s Contribution to Industry Growth
Looking at the future demand, we have already expanded some of our facilities regarding our products. we will be introducing at least ten new products year on year, Also, we shall be addressing solutions for the new age materials like Inconel materials, composites etc for aerospace and defence. In the next 3 years we would be focusing more on productivity enhancement machines along with automation & IOT solutions.
Visit Us at – https://www.lmwcnc.com/
