The MMI Magazine is an initiative of the Indian Machine Tool
Manufacturers’ Association (IMTMA) and is published in association with
the Modern Machine Shop. IMTMA has played a leading role in the
development of the machine tool industry, which is the backbone for
industrial growth in India. This national cause has been the guiding
force behind IMTMA and its membership.
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Newsletter - Issue 25, July 2026
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CG Semi Commences Commercial Production at G1 OSAT Facility
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CG Semi Pvt Ltd was established as a joint venture between CG Power and Industrial Solutions Ltd of the Murugappa Group, Renesas Electronics Corporation, and Stars Microelectronics. Headquartered in Gujarat, CG Semi announced the commencement of commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand. The G1 facility has a peak capacity of up to 300 million units per year.
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Indian Auto Component Industry Reaches INR 7.6 Lakh Cr in FY2025-26
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With sustained policy support, continued capacity expansion, increasing value addition, multiple Free Trade Agreements and growing global confidence in Indian manufacturing, the auto component industry remains well positioned to strengthen India’s role as a preferred global automotive manufacturing and sourcing hub. The industry will continue to focus on technology, localization, innovation, and resilient supply chains to support the next phase of growth.
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Carborundum Universal to Provide Ceramic Armor to DRDO
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DRDO’s Vehicles Research and Development Establishment at Ahilyanagar has officially recognized Carborundum Universal Ltd (CUMI) as a partner of choice to armor the Vikram VT21 indigenously developed infantry combat vehicles. Vikram VT21, also known as the Advanced Armored Platform, is a family of eight-wheeled and tracked armored fighting vehicles developed by the Defence Research and Development Organisation (DRDO) along with other industry partners.
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Gleason Corporation Appoints Bijal Thakkar President and COO
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Gleason Corporation announced the appointment of Bijal Thakkar as President and COO. With this appointment, Gleason reinforces its commitment to long-term growth while remaining focused on delivering innovative solutions that help customers succeed in an increasingly dynamic global marketplace. John J Perrotti, Gleason’s Chairman & CEO, stated, “Bijal brings deep experience, strong energy, and a proven track record of leadership across multiple multinational manufacturing companies.”
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Cosmoserve Space’s ‘Mission Embrace’ to Demonstrate World’s First In-Orbit Soft Robotic Capture
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Cosmoserve Space, an Indian startup developing Active Debris Removal (ADR) technologies, announced Mission Embrace, its first orbital technology demonstration, which will fly aboard Skyroot Aerospace’s Vikram-1 maiden orbital launch, Mission Aagaman, during the approved launch window between July 12 and August 4, 2026. Mission Embrace will fly aboard India’s first privately developed orbital launch vehicle carrying satellite payloads.
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Building Resilient Manufacturing Supply Chains
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Global manufacturing stands at the threshold of a defining transformation, where resilience and reliability are emerging as the new hallmarks of industrial strength, alongside cost competitiveness and economies of scale. Industries worldwide are reimagining their supply chains with renewed urgency. The focus is shifting toward building robust regional capabilities, diversifying sourcing networks, and creating ecosystems that can withstand disruption while sustaining growth and innovation.
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