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Congress Served Notice

THERE is nothing like a buyers' market to stimulate industry's ingenuity in meeting customers' needs. The recession in the machine tools industry has induced manufacturers to revise their production programmes and diversify their production pattern. Investa Machine Tools, now merged with TELCO, is reported to be concentrating on machine tools for the automobile industry. And Hindustan Machine Tools has also reacted the same way. In response to the needs of the automobile and scooter units, it has adapted some of its machine tools to perform multi-operations for machining components. It has also entered into a technical collaboration agrement with Versons of Chicago for the manufacture of special purpose tools for the automobile industry.

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