Small Steps Toward Big Changes - Blog

Dear Readers,

Micro, Small, and Medium Enterprises (MSMEs) have been contributing significantly to the country’s economy. Rightly hailed as India’s growth engine, the sector contributes to about 30 percent of the country’s GDP, 48 percent of exports, employs over 11 crore people, and encompasses 63 million registered enterprises.

Acknowledging their crucial role, the Government, in the approaching Union Budget 2024–25, is expected to offer them significant relief, such as some relaxation in taxes, streamlined GST processes, and overall improvements in ease of doing business. To facilitate MSMEs and SMEs increase their footprint and facilitate their reach in new markets, it is anticipated that the Government will be extending support to them to participate in trade fairs both in India and globally.

Adding to it, the manufacturing sector, driven by domestic consumption, is also experiencing robust growth. This growth presents a plethora of opportunities for homegrown companies.

Hence, it will be right to put that HITEX’s flagship show HIMTEX is taking place at the right time to bring together industry stakeholders of the Indian machine tool and manufacturing sector under one roof from August 16-19, 2024, at our HITEX Exhibition Center.

The 8th edition of HIMTEX will be complimented by our two co-located shows – IPEC and Eco Sustain Expo – covering the entire spectrum of the
manufacturing ecosystem. These shows will collectively offer an unparalleled platform for industry players, including MSMEs, to venture into new markets. The endeavor is to help them connect, explore innovations, and share insights.

It is a matter of immense pride for us to invite you to witness how India is spearheading innovations and upping the manufacturing game with awe-inspiring innovations. Join us at HIMTEX to be part of this transformative journey and celebrate our country making interesting strides in the sector and setting new benchmarks.

Join us at HIMTEX from August 16-19, 2024, at HITEX Exhibition Center, to celebrate our country making interesting strides in the manufacturing sector and setting new benchmarks.