ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MACHINE TOOLS-Emphasis on Computerisation

used for socially unproductive investment. No matter how strong the demand for precious metals, there can be no sound reason for spending scarce foreign exchange to meet it. Liberalising imports simply to put an end to smuggling makes little sense. A resources-starved economy can ill-afford to allow the community's savings to be blocked in unproductive investment in gold or silver. Every possible effort should be made to wean people away from gold. Smuggling has got to be curbed and this should not be all that difficult as is often made out if only there is the requisite political will to do this. Now that the cult of equity has acquired healthy dimensions and studies show that investment in equity has been more profitable than investment in gold since the beginning of the eighties, the government should take appropriate steps to mobilise massive resources currently locked up in gold/jewellery, MACHINE TOOLS Emphasis on Computerisation THE seventh exhibition on machine tools under the auspices of the Indian Machine Tool Manufacturers' Association (IMTMA) was held at the Godrej Industrial Complex, Vikhroli, Bombay from February 2 to 13. The objective was to provide information and hold live demonstrations of machine tools, particularly of the relatively modern versions, for the benefit of machine tools manufacturers and users.

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