India stands 14th in production and 10th in the consumption of machine tools in the world as per the 2015 Gardner Business Media survey. What impact will the various govt. Initiatives like Make in India will have on these statistics? How will your organisation contribute?
We at Ace Micromatic have set our goals to be among the top 25 machine tool manufacturers in the world and are moving towards that aim with planned initiatives. India has a large captive market for machine tools and the Make in India initiative will definitely increasing the Manufacturing activity in India.

We have the required products to meet the demands of the emerging markets and are also actively creating new products looking at the new growth opportunities that the "Make in India" initiative is throwing at us.

Have you launched any new product recently or are planning to do so? Tell us about it?
New product development is a constant activity across our group companies. During the last IMTEX in January our group brought out about 20 new products which we are promoting in the markets in India and abroad. Further, as new developments happen, we bring out products needed for the sector.

For e.g. Our Government is giving stress on the development of the electronic sector in India through the "Digital India" initiative; we are internally developing new products that will cater to the needs of this sector.

Any plans of expansion?
Our group has already acquired large chunk of lands towards Dobaspet area and the future expansions will happen in the new area. Further, Ace Manufacturing Systems Ltd. is building a new hanger of around 10,000 sq m in its existing facility. Our expansion plans are in step with the demand of the markets. Investments in internal efficiency improvements and a whole set of learning initiatives are happening.

END