India’s machinery import market is vast and dynamic, with the country emerging as a major importer of industrial machinery and equipment. In fiscal year 2023 alone, India imported machine tools valued close to 354.6 billion Indian rupees, underscoring the significant demand for machinery across various sectors. The government’s liberalization of norms for importing used capital goods has further fueled India Inc.’s exploration of the global market for second-hand machinery, highlighting the immense potential for growth in this sector. Against this backdrop, UMEX 2024 emerges as a pivotal platform for businesses to explore the latest innovations in industrial machinery and forge strategic partnerships to drive growth and efficiency.