By the Members, of the Members & for the Members

Indian Tooling Industry – Trends, Challenges and Opportunity

The first-ever ‘Tool Talk’ organised by TAGMA, powered by TAGMA TIMES was held on 30th April 2021. The Guest speaker for the event was Mr. Ashim Sharma - Partner & Group Head, Business Performance Improvement Consulting (Auto, Engineering & Logistics), Nomura Research Institute (NRI) Consulting & Solutions India Pvt. Ltd), shared the insightful

Link to the discussion video is https://youtu.be/zsAd8pqgKgU

The detailed analysis on Indian Tooling Industry [January 2020] is available in the form of report, which is available at a cost. Kindly write back to us for a copy of the same.

Listing here some of the outcomes of the discussion 

  • The Indian industry’s market size is close to Rs 18,000 crore with ~70% of demand being met domestically and ~30% from imports.
  • Non-automotive sectors are meeting a large part of their tooling demand from imports
  • Lack of skilled workforce, high financing cost, lack of outsourcing ecosystem, and inverted duty structure are some of the major challenges faced by the Indian Tool Rooms.
  • Quality, cost, and delivery time are some of the major expectations from the user industry w.r.t the procurement of the tools.
  • Most of the major global auto manufacturing countries have a strong domestic tooling industry with India being an exception, as a significant part of tool demand is still met via imports.
  • Tool makers in countries such as China, S Korea and Taiwan get immense government support in terms of tax incentives, low-interest financing, creation of tooling clusters, dedicated R&D centres.
  • Indian tool rooms have huge opportunities going forward and companies are taking necessary steps to grab the opportunities.
  • OEM’s perception of Indian tool rooms is slowly changing, and they are willing to trust Indian tool room’s more than before.
  • It’s very important for India to develop Tooling SEZs/Clusters close to automotive/manufacturing hubs for close collaboration & reduction in the lead time.
  • Medical, white goods, defence are some of the emerging sectors that will create good demands for tools in India.

Link to the discussion video is https://youtu.be/zsAd8pqgKgU

The detailed analysis on Indian Tooling Industry [January 2020] is available in the form of report, which is available at a cost. Kindly write back to us for a copy of the same.

The Future of Indo-German Industrial Collaboration

The second edition of ‘Tool Talk’ organised by TAGMA, powered by TAGMA TIMES was held on 28th May 2021. The Guest speaker for the event was Mr. Rajesh Nath Managing Director, German Engineering Federation (VDMA) India

Link to the discussion video is
https://www.youtube.com/watch?v=A2co7osCa1M

Below are some of the highlights of the discussion

  • With a trade history of over 500 years, India and Germany are linked by a common past of economic cooperation. In the 19th century, it was the German company Siemens that built the first telegraph connection between Kolkata and London, via Berlin.
  • Germany is the global leader in technology because of the investment in R&D. VDMA members invest around 10% of turnover in R&D. This needs to develop in India for increasing the “value add” for the development and growth of the industry
  • Industry-academia partnership has matured in Germany that has helped the country in innovations. The same should be applied in India
  • Skill development and process engineering are the need-of-the-hour in the Indian manufacturing eco-system.
  • This decade belongs to India. Indian holds huge business opportunities in the coming years as we are one of the fastest-growing economies (barring the ongoing pandemic), with the largest younger population, and increasing consumer purchasing power
  • Indian tool makers are well-positioned to increase their share in the global tooling industry. However, they need to work on capacity enhancement
  • Industry4.0 will change the way we have been manufacturing goods/products.

Link to the discussion video is https://www.youtube.com/watch?v=A2co7osCa1M

Watch Recording - Possibilities of Industry 4.0

The third edition of ‘Tool Talk’ organised by TAGMA, powered by TAGMA TIMES was held on 18th June 2021. The Guest speaker for the event was Dr. Asim Tewari Chair Professor Department of Mechanical Engineering, Indian Institute of Technology, Bombay

Link to the discussion video is
https://www.youtube.com/watch?v=Evs-JnAg_Nw

Below are some of the highlights of the discussion

  • Industrial Internet of Things (IIOT) and Digital Twins are the next new thing for the manufacturing industry and shall impact all the aspects of our day-to-day activities. It is a disruptive technology.
  • Automated manufacturing and Smart manufacturing are two different things, one can convert his/her conventional setup to smart manufacturing setup without having automation in place.
  • Smart Manufacturing is key for any businesses including Tooling industry.
  • Not having standard process or technology is the biggest hurdle in realising the benefit and implementation of smart manufacturing. Standardisation is the need of the hour.
  • There is a notion that it’s a very costly affair, which is not exactly true. So, awareness is very necessary, the management needs to be aware what IoT really is and what all it can bring to the table.
  • There is this concern regarding investment. For this, we need to look at indigenous solutions which can serve the purpose and is cost effective at the same time.
  • Tool Rooms can implement sensors such as temperature sensors, shock and load sensors in presses which are making dies. It can help to gather data based on temperature, frequency, and load among others. These data will enable to forecast as to what to expect in the near future. Also, with the help of these data companies can understand that with certain temperature or frequency the life of die or mould will change. It will further help to know when the mould repair is required.
  • The industry, academia and the government will have to work together for better understanding and creating awareness about IoT.
  • Indian companies need to think big. We need to bring a change in the way we have been working for years and embrace the future. It does not mean they need to invest a lot but gradually involve in it.
  • The future of manufacturing is digital, the sooner we make a move the better it is for the Indian manufacturing industry.

Link to the discussion video is https://www.youtube.com/watch?v=Evs-JnAg_Nw

President Message

I would like to begin by thanking all the members of TAGMA and the Executive Council for their faith in me and for choosing me to lead TAGMA as its President.

I have been working with the tooling industry for more than three decades and I have seen this industry grow to become one of the strategic sectors today. The tooling industry not only plays an important role in the development of the manufacturing sector, it also has huge economic importance.

Being a toolmaker myself, I know the challenges faced by Indian toolmakers. As the President of India’s largest association for tool and die makers, I would like to focus on the following activities in the next three years:

  • Increase the number of members to create a larger community of toolmakers and associated industries.
  • Skill development and training would be our prime focus.
  • Work closely with the government and policymakers to put forth the challenges of toolmakers and help the government with policymaking.
  • Work on cluster development activities.
  • Enhance TAGMA’s presence in the global tooling fraternity.
  • Organise bigger and better Die & Mould India Exhibition, International Tooling Summit and ToolTech Show.

Under the guidance of Mr. D. K. Sharma, the Outgoing-President, TAGMA has seen newer heights in terms of our relations with policymakers and other TAGMA events and activities. I would like to assure the industry that I and all the Executive Council members are committed towards the development of the industry and TAGMA.

I urge you all to share your thoughts and suggestions on the development of the tooling industry. Let us all work together to make India a strong tooling destination.

 

Devaraya M Sheregar
President
TAGMA India

 

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