By the Members, of the Members & for the Members
International Tooling Summit 2016
International Tooling Summit 2016
INTERNATIONAL TOOLING SUMMIT 2016
Dies, moulds and tools form an integral part of the production process in almost every industry and are considered the mother industry for manufacturing. Such is the importance of the tooling industry that it is universally recognised as a strategic industry for driving industrialisation of a country. Consumer industries like automobiles have seen a sharp rise in demand for new technology and designs leading to a rise in demand for various innovative tools and dies. The advancing technology in recent times has revolutionised the die and mould sector. Industry players who understand the need of the innovative products are growing rapidly in India.
The history of tooling industry in the country dates back to the Second World War, when the non-availability of imported machine tools led the British owned engineering firms to set up their manufacturing in India. A series of Five Year Plans later, India today stands amongst the twenty largest producers of cutting tools in the world. The tooling industry as per the industry survey is estimated to be Rs. 15100 cr. for year 2014-15 of which Rs. 3322 cr. is met thru imports, rest is met indigenously.
The advanced technology and globalisation has seen quality tools being made available for the manufacturers. Historically, the tooling industry was dependent on the automobile and auto component sector for majority of its business. Diversification into emerging areas like aerospace, defence, power, railways and heavy engineering has given a new lease of life to the sector with an expectancy of 15-20% year-on-year growth. The industry estimates orders worth Rs 5,000 cr & Rs 1,200 from the Defence & Railway Ministries alone. The Indian tooling industry can grow further with government initiatives. Major Original Equipment Manufacturers (OEM) in India are working on a plan for indigenisation of components getting into their main assemblies as per the government guidelines. This includes the Auto & Electronic sectors too. Policy reforms by the government to make the procurement of tooling from indigenous sources will ensure growth in domestic production.The Dies, Moulds and Press Tools manufacturing industry has substantial multiplier effect on the domestic economy, hence must be nurtured to become self reliant.
The growing optimism in the Auto sector that India may become the primary base for manufacturing and sourcing auto components is directly related to the development of the tooling industry in India. There is a need to make India self reliant as the nation strives for greater industrialisation and higher GDP. Focus on developing the tooling industry will not only make it the indigenous source for the manufacturing industry within the country but also one of the major exporters that meet the standards of a global competitive market. Despite various liberal government policies, the sector has yet to make a mark in the global picture. A 100% FDI is allowed in the tooling industry that is slowly attracting steady investors. Similarly, the government has set very low excise and import duties for the industry. There are various other policies that form an incentive for the tooling industry. However, the sector realises the need for upgradation in technological capabilities that need to match global standards. The industry has managed to rise in the last ten years despite infrastructure challenges such as roads, ports and power.
TAGMA INDIA and The Economic Times is organising a two-day International Tooling Summit to present the Indian Manufacturers a platform to present to the world, their state of the art technology and qualitative products despite the lower cost of operations.
International Tooling Summit 2016
Note from Chairman, International Tooling Summit
Tooling Industry, despite being called the backbone for product development and production, by its inherent nature is very fragmented one and India is no exception. However in advanced countries, they are far more integrated with the OEMs. Now that India has become a center stage for manufacturing, R & D gaining its due focus locally, there is urgent need to collaborate than ever before.
We at TAGMA INDIA the apex tooling association in partnership with ET EDGE, Deloitte and the Tooling Fraternity is having the two days ‘International Tooling Summit’ as one of the prominent Silver Jubilee Celebrations are committed to take forward our industry to the next level of PARTNERSHIP with the OEMs and other partners at this forum.
International Tooling Summit 2016
Note from President – TAGMA INDIA
We are a class of manufacturers of Custom Built Tools/Dies for mass production, the Mother Industry of Manufacturing.
Indian Tool, Dies & Mould industry is a B2B business linked to prosperity of the sectors served. Auto Sector being the predominant sector today has a major impact on its growth. The Tooling Industry over the years grew in double digits until 2012 and is now steadily recovering with a single digit at 7% (2014-15).
The Govt. of India since 2012 under its ambitious manufacturing growth policy has initiated a few schemes, our industry happens to be the first recipient of “The scheme Enhancement of Global Competitiveness of Indian Capital Goods Sector’ under DHI -an important milestone and recognition for our association TAGMA- India in its 25th year of formation since 1990.
Tools, Dies and Moulds industry is highly capital intensive being highly sophisticated technology oriented, and hence impacted by issues related to the dynamics of continuously changing technology effecting productivity.
Indian Tooling Industry can meet the ‘Growth Challenges’ coming from present Manufacturing policy if GOI recognize it as a ‘PRIORITY SECTOR’.
