By the Members, of the Members & for the Members

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International Tooling Summit provides you an elite platform to showcase your product & solution offerings to over 250+ executives, business & functional heads from leading companies. While your brand gets exposure to key industry stake holders present at the summit, it also reaches to a wider community of professional practitioners through our pre & post conference advertising and publicity campaign carried out through various mediums.

Partnership Benefits

  • Build a brand that identifies with excellence & global standards
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We have partnership packages to appeal to a wider variety of brand building strategies and marketing needs.

 
 

Deliverables are available on request.

For details contact : tagma.mumbai@tagmaindia.org

 

Program

INTERNATIONAL TOOLING SUMMIT 2017

Day 1 - 9th February 2017

Timing
09:00 Hrs 09:50 Hrs Registration & High Tea  
09:50 Hrs 10:00 Hrs Inaugural , light lamping  
    National Anthem  
10:00 Hrs 10:10 Hrs Welcome address Mr. A Dayanand Reddy - President, TAGMA India
10:10 Hrs 10:20 Hrs Chief Guest address Mr. Rajiv Gandhi, Executive Director, Production, Maruti Suzuki India Ltd
10:20 Hrs 10:30 Hrs Guest of honour speech Mr. S K Arya, Chairman, JBM Group
10:30 Hrs 10:40 Hrs Guest of honour speech Mr. Christen Merkle - CEO , AHP Merkle GmbH
"Why India - why business with India? As an experiment …, from a German"
10:40 Hrs 10:55 Hrs Keynote address Mr. Michael Walter - Managing Director, Buderus Edelstahl GmbH, Gemarny
"Trends and technologies in the manufacturing big molds"
10:55 Hrs 11:00 Hrs Vote of Thanks Mr. R Sree Prakash - Vice President, TAGMA India
11:10 Hrs 12:10 Hrs Panel Discussion 1 Indian tooling Industry - Quest for Self-Sufficiency and end user perspective
Mr. AS Raju - Senior VP, Supply Chain, Maruti Suzuki
Mr BB Gupta - President, JBM Group
Mr BJ Wadia - Executive VP Innovation and Technolgy, Godrej Appliances
Mr. Rajeev Wasan - Senior VP Manufacturing, Honda Cars India
Mr Sumantra B Barooah - Associate Editor, AUTOCAR Professional
12:10 Hrs 12:40 Hrs Technical Session - 1 Mold Masters | Mr. Sunil Parol - Director - Technical,Milacron - Mold Masters
"Make your factory smart with SmartMoldTM"
12:40 Hrs 13:10 Hrs Technical Session - 2 Doosan | Mr. Bongkuk Choo - Material expert for Mold and Tool steel
technology in Doosan

"Steel Solution for Efficient Mold Production -- The DOOSAN Way"
13:15 Hrs 14:15 Hrs Lunch Break Lunch Break
14:15 Hrs 14:30 Hrs   BDB | Mr Manish Kulkarni
Tool Room Survey
14:30 Hrs 15:00 Hrs Technical Session - 3 Oerlikon Balzers | Mr.Thomas Vermland -
Forming Tools Appl. Manager New Technologies, BTMA / BU Balzers Industrial
Solutions

“Latest Trends in coating for improving performance of Forming tools”
15:00 Hrs 15:30 Hrs Technical Session - 4 Buderus Edelstahl GmbH | Mr. Christofer Polz - General Manager - Forged
Products

"Trends and technologies in the manufacturing big molds"
15:30 Hrs 16:00 Hrs Technical Session - 5 Matip | Mr. Marc Michel - CEO
"MASTIP - 25 years of experience adding value to customers"
16:00 Hrs 16:30 Hrs Technical Session - 6 AHP Merkle | Mr. Christen Merkle - CEO
“The AHP-Merkle-Strategy” What is the advantage of innovation or: Make it easy to decide for your customers by innovation
16:30 Hrs 17:00 Hrs Technical Session - 7 CARL ZEISS
17:00 Hrs 17:15 Hrs Evening Tea-Break  
17:15 Hrs 17:30 Hrs   TAGMA CET presentation - Mr. A Dayanand Reddy
17:30 Hrs 17:40 Hrs   Tallk by DHI
17:40 Hrs 17:50 Hrs   Talk by MSME
17:50 Hrs 18:30 Hrs GST Session Abhay Desai (YDCO)
18:30 Hrs 19:00 Hrs Felicitation Senior Leaders
19:00 Hrs 19:10 Hrs Delegation from Japan Introduction, about Japan delegation visit purpose
19:10 Hrs 22:00 Hrs   Networking - Cocktail cum Dinner

Day 2 - 10th February 2017

Timing
09:00 Hrs 09:50 Hrs Registration
09:50 Hrs 10:00 Hrs Opening remarks Mr Sree Prakash - Vice President, TAGMA India
10:00 Hrs 10:30 Hrs Technical Session - 8 DMG | DMG - DMG | DMG
10:30 Hrs 11:00 Hrs Technical Session - 9 Mastercam India | Mr. Daniel Raravi - Director – Marketing & Strategic
Initiatives
"Be Dynamic - efficient machining of Dies and Moulds"
11:00 Hrs 11:30 Hrs Technical Session - 10 Bohler | Dr .ECKART VOSS - Managing Director, EIFELER VACOTEC – GERMANY
"Surface Engineering of Tools through PVD Coating"
11:30 Hrs 11:45 Hrs Tea Break  
11:45 Hrs 12:45 Hrs Panel Discussion 2 3D Printing, 3D Scanning and Inspection for Tooling Industry
Mr. A. Dayanand Reddy - Vasantha Tool Crafts - User Perspective on 3D Printing for Conformal Cooling
Mr. Amar Kulkarni - Polyworks - 3D Scanning, Inspection and Reverse Engg
Mr. Nishant Shah - Imaginarium - A Service Bureau's Approach to 3D Printing
Mr. Prakasam Anand - EOS - A Case Study of successful Implementation of 3D Printing
Mr. Aditya Chadavarkar - Partner, Inside 3D Printing
12:45 Hrs 13:15 Hrs Technical Session - 11 FIBRO | Mr. Yann Curien - Chargé d'affaires PRONIC IN-DIE SOlUTIONS, France
"In-Die tapping solutions".
13:15 Hrs 14:15 Hrs Lunch Break Lunch Break
14:15 Hrs 15:15 Hrs Panel Discussion 3 Collaborative effort towards enhanced tooling productivity
Mr. Anil S Patil - Business Head, Reliable Autotech Private Limited, Pune
Mr. Elias Pinto - VP Tooling and Programe Management, Motherson Automotive Technologies and Engineering
Mr. Jean Louis - Vero SoHware, France
Mr. Vidyadhar Limaye - Director, Fauresia Interior Systems Pvt Ltd
Mr. Vivek Nanivadekar - Executive Director, FIBRO India precision products Private Limited
Mr. DK Sharma - Executive VP & Business Head, Godrej Tooling
15:15 Hrs 15:45 Hrs Technical Session - 12 MWI | Mr. Stephen Harris - Global Product Manager - EDM, Tokai Carbon
"Global perspective of EDM Technology and trends"
15:45 Hrs 16:15 Hrs Technical Session - 13 MAGMA Asia Pacific | Mr. Gerard Vong Yee Wen - Senior Roundry Application
Manager, MAGMA Engineering Application Manager
"Optimizing the costing process in High Pressure Die-casting using MAGMA5 "
16:15 Hrs 16:45 Hrs Technical Session - 14 JBM | Mr K. Suzuki - Technical advisor (Tooling), JBM Group
"Current and Future trends in Sheet Metal Forming and Die
Manufacturing Technology "
16:45 Hrs 17:00 Hrs Special Event  
17:00 Hrs 17:30 Hrs Evening Tea Break and End of Programme

Program

Coming Soon...

Benefits of GST

Excerpts from his presentation

Benefits of GST

For business and industry

  • Easy compliance
    A robust and comprehensive IT system would be the foundation of the GST regime in India. Therefore, all tax payer services such as registrations, returns, payments, etc. would be available to the taxpayers online, which would make compliance easy and transparent.
  • Uniformity of tax rates and structures
    GST would make doing business in the country tax neutral, irrespective of the choice of place of doing business.
  • Removal of cascading
    A system of seamless tax-credits throughout the value-chain, and across boundaries of States, would ensure that there is minimal cascading of taxes. This would reduce hidden costs of doing business.
  • Improved competitiveness
    Reduction in transaction costs of doing business would eventually lead to an improved competitiveness for the trade and industry.
  • Gain to manufacturers and exporters
    The subsuming of major Central and State taxes in GST, complete and comprehensive set-off of input goods and services and phasing out of Central Sales Tax (CST) would reduce the cost of locally manufactured goods and services. This will increase the competitiveness of Indian goods and services in the international market and give boost to Indian exports. The uniformity in tax rates and procedures across the country will also go a long way in reducing the compliance cost.

For Central and State Governments

  • Simple and easy to administer
    Multiple indirect taxes at the Central and State levels are being replaced by GST. Backed with a robust end-to-end IT system, GST would be simpler and easier to administer than all other indirect taxes of the Centre and State levied so far.
  • Better controls on leakage
    GST will result in better tax compliance due to a robust IT infrastructure. Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would incentivize tax compliance by traders.
  • Higher revenue efficiency
    GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher revenue efficiency.

For the consumer

  • Single and transparent tax proportionate to the value of goods and services
    Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to transparency of taxes paid to the final consumer.
  • Relief in overall tax burden
    Because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit consumers.

Due to federal structure India will have a dual model of GST. On all intra-state (i.e. within State) supply of goods/services Central GST (CGST) & State GST (SGST) shall be payable. On inter-state supply of goods/services Integrated GST (IGST) shall be payable. Diagrammatical representation is as follows

Determination of whether supply is intra-state or inter-state shall depend on the location of supplier and place of supply. Diagrammatically it is represented as under

Illustrative calculation of GST shall be as under

PARTICULARSINTRA-STATE SUPPLYINTER-STATE SUPPLY
Value of goods/service 100 100
Levy of GST:    
CGST @ 9% 9 -
SGST @ 9% 9 -
IGST @ 18% - 18
Total 118 118

Government had released Model IGST Law (provides principles for determining whether the supply is inter-state, intra-state or export/import & provides for levy of IGST); Model CGST/SGST Law (provides for levy of tax on intra-state supplies & administrative mechanism – due to duel model, CGST Law shall be passed by Central Government & SGST Law by every State Government) as well as Valuation Rules in June 2016. Revised draft of IGST Law & CGST/SGST Law was released in November, 2016. Entire discussion in this paper is based on revised laws.

GST shall subsume following taxes

Following taxes shall however remain even under GST regime

Business Models in Tooling Industry & GST Impact

In this section we will analyze various business models prevalent in the tooling industry. For each business model we have highlighted the tax implication under the current regime and tax implication under the GST regime.

In the following diagrams acronyms stands as under :

ACRONYMSTANDS FOR
BCD Basic Customs Duty
CVD Counter Veiling Duty
SAD Special Additional Duty
OS Outside State Supply
WS Within State Supply
ED Excise Duty
CST Central Sales Tax
VAT Value Added Tax
SP Service Provider
ST Service Tax
IGST Integrated GST
CGST/SGST Central/State GST

Manufacture & Sale directly to Customer (Model – 1)

This is a vanilla model wherein customer will place an order to buy tools on the tool maker. Tool maker shall source all the inputs, capital goods and input services required to make the tools. After production, tool maker shall deliver the tools to the customer. Tool maker shall issue sale invoice. GST implications can be seen as under

Manufacture and sale to customer but delivery to OEM (Model – 2)

Under this model, Customer places order on tool maker and instead of taking delivery of tools by itself asks the tool maker to supply the tools to Original Equipment Manufacturer (“OEM”). OEM will subsequently use the tools for manufacture of components which will be delivered to customer. Tool maker shall issue sale invoice on Customer for tools. Tax implications are as under

Job-work without payment of tax Model (Model – 3)

Under this model, customer will ask tool maker to manufacture tools on job-work basis. Customer will ask supplier to send the inputs and capital goods to tool maker. Tool maker shall send the manufactured tools to OEM for further use in manufacture of components. Tool maker will issue an invoice for job-work charges. Tax implications are as under

Tool maker as well as OEM supplier (Model – 4)

Under this model customer will place an order to buy components from the tool maker. Hence tool maker will not just manufacture tools but also use them in manufacture of components which will be supplied to customer. Tool maker shall charge the customer on sale of components. Tax implications are as under

Overall conclusion

From tax implications on all the above models, you must have noted that CST, Octroi & Service Tax which was becoming a cost in the current regime will no longer be the cost. Credit of GST paid to suppliers will be available for set-off and hence to that extent it shall improve the competitiveness of the industry.

Different revenue stream

Tooling industry has two kinds of revenue streams. One is revenue from sale of tools and another is revenue from designing the tools (i.e. services). Tax implications are as under