By the Members, of the Members & for the Members

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Weekly Updates

 

Date: 18th September 2021

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TAGMA Digital Initiatives

 

 

 

OEMs Excpectations from Tooling Vendors on

24th September 2021 @ 3:30 PM by Mr.V.T.Venkateshwara Rao - DGM, Tooling Cell, CDMM Mahindra & Mahindra Mumbai

 

Register Now

 

SIDM webinar

 

SIDM ANNUAL SESSION 2021

“March for Aatmanirbharta and Make for the World – Defence & Aerospace” Tuesday, 1100 – 1600 Hrs, 28 September 2021 - ITC Maurya, New Delhi

 

Register Now

 

 

Industry Update

 

Fifty two companies file applications for PLI Scheme for White Goods (ACs and LED Lights)

 

Government Approves PLI Scheme for Drones and Drone Components

 

Union Minister for Steel, Shri RCP Singh takes meeting with BIS and Steel Ministry officials - Review of Indian standards for Steel undertaken

 

Cabinet approves ₹26,058 crore PLI scheme for Auto and Drone Industry to enhance India’s manufacturing capabilities

 

India’s overall exports (Merchandise and Services combined) in August 2021* are estimated to be USD 52.20 Billion

 

With PLI booster, India can be an auto manufacturing hub

 

PLI for AC component manufacturing to help build ecosystem, reduce dependency on imports: Industry

 

Auto sector, drone PLIs: Green light for new-age tech

 

PLI scheme to promote investment in new age auto tech, says ACMA

 

Winning new business a constant endeavour, won't shy away from any order: Ramesh Gehaney, Endurance Technologies

 

Summoned by GST authorities? Know your duties and right

 

RBI warns bank customers against frauds in the name of KYC updation

 

Piyush Goyal, Liz Truss talks to decide next steps for UK-India trade deal

 

Rs 31,000-crore support for bad bank: Finance minister Nirmala Sitharaman

 

India expected to grow at 7.2% in 2021 but economic growth could decelerate next year: UN report

 

Trust between Govt and industry increased following scrapping of retrospective taxation: Rajnath Singh

 

FinMin gives nod to 11 states to borrow additional Rs 15,721 cr

 

Economy emerging from 2nd Covid wave; recovery broad-based: RBI Dy Governor

 

India moving towards becoming significant defence exporter: PM Modi

 

India to revise FDI policy for space sector, says ISRO chief Sivan

 

 

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