View In Your Browser
Volume: XXVIII / No.8 (Private Circulation For Members Only) April - 2022
news pic
Curtain Raiser
Taking the technological leap
As the manufacturing industry continues to evolve at a fast pace, one can no longer undermine the crucial role that the Indian dies and moulds segment is set to play. State-of-the-art technologies are set to define manufacturing operations. The 12th edition of Die & Mould India International Exhibition 2022 will showcase many such technologies that are set to revolutionise the tooling and allied industries. A report...
Read More
Leaders Speak
‘A good opportunity exists, where the gaps can be filled up by the Indian tool room industry’
“As the tool supply from Asian countries have got delayed/ restricted, the industry is looking to make up for the loss through order realization domestically… However, the industry should be ready to take up the challenge and deliver,” says Amit Kumar Parashar, Sr. Vice President, Subros Tool Engineering Center.

‘We expect the Indian tooling industry to record double-digit growth over the next 4 to 5 years…’
“…and also cross the coveted USD 200-billion mark in terms of industry size. The current geopolitical issues are reshaping global supply chains and India will emerge as a significant player in the days to come,” says Ananthanarayan (Ananth) Iyer, MD & CEO, MC Machinery Systems India Private Limited.

‘The business outlook for the Indian tooling industry seems positive’
“Also, the ‘Aatmanirbhar Bharat’ campaign and PLI schemes are going to generate huge business opportunities for toolmakers. We are also seeing exceptional growth in the aerospace, defence, construction equipment, and agriculture equipment industries. All these factors will help the industry grow,” says Manickam K., Director, CAD Macro

‘India is emerging as one of the best and most trusted manufacturing hubs…’
“…because of our business values, government support, and also because of the talent and capabilities in India to produce best-in-class products for the world,” says L. S. Umesh, Director & CEO, Ace Manufacturing Systems Ltd.


‘The business outlook for the Indian tooling industry seems positive’
“Also, the ‘Aatmanirbhar Bharat’ campaign and PLI schemes are going to generate huge business opportunities for toolmakers. We are also seeing exceptional growth in the aerospace, defence, construction equipment, and agriculture equipment industries. All these factors will help the industry grow,” says Manickam K., Director, CAD Macro

‘India is acknowledged as the fastest growing major economy in the world’
“It is expected to be one of the top three economic powers in the world over the next 15 years. With India on course to be a USD-5- trillion economy, the contribution from the tooling industry (being the mother industry) will be substantial owing to localisation in automotive and other segments like electronics, aerospace, consumer goods, toys, mobile phones, electrical and defence,” says Praveen Satija, Managing Director, Stitch Overseas.

‘India has already become a manufacturing hub for many global players’
“I strongly believe that the future of our Indian tooling industry is very bright, and we all will witness stronger growth during the next decades,” says Rajnikant Patel, Director, HASCO India Pvt. Ltd.


‘The tool room industry is undergoing a change in manufacturing practices’
“Now, the industry is switching over to the latest technologies to gain a competitive edge. Investment in the latest technologies by SSI and MSI units are increasing year by year in India,” says Veronica Just, Vice President, Millutensil.



Read More
Exhibitors’ Views

Abhishek Tiwari,
Regional Manager – West and North India, CoreTech System Co. Ltd.

After experiencing the pandemic, the OEMs have understood the benefit of building tools in India, which will prove to be a big boon for Indian toolmakers and the tooling industry. The Indian tooling industry will witness a good growth rate in the coming years.


Akshay Kalyanpur,
Director,
Sridevi Tool Engineers

Our industry will see some rough patches in 2022. Though the government in India seems stable and geared for ‘Make in India’, the supply chain disruptors like semi-conductor chip shortage, geopolitcal tensions, and mutations of the coronavirus strains may slow us down.


Nitin Jain,
Managing Director India,
OPEN MIND CADCAM Technologies India Pvt. Ltd.

The wide range of final products is reflected in the diversity of products available in the Indian mould and die-making industry. That’s why we expect more mould and die makers in India to use the latest machines and means of production as well as the most up-to-date CAM software, like hyperMILL, to manufacture efficient and consistent tools sustainably.



Parag Sawant,
GM – Business Development,
Machine Tools India Ltd.

The pandemic slowed down growth for the past two years, but new opportunities also opened up at the same time. We expect the tooling industry to prepare a realistic budget and focus on large capex investments to meet the global demands. More bold decisions with calculated risk should be taken by the industry.



Renin Raj,
Head of Marketing,
PROLIM Solutions India Pvt. Ltd.

Indian tooling companies have, in the past, sourced their complex moulds from China and Taiwan. But due to the geopolitical tensions in the region, coupled with the COVID-19 pandemic, many companies are forced to think of alternatives in their supply chains. Now, they will have to either make it themselves or source the moulds from India.



Vinayak Jadhav,
Chief Executive Officer,
Schimmel Online India Pvt. Ltd.

The recent pandemic and current global scenarios indicate that a lot of opportunities are heading towards India. It is time to recognize and gather our strengths, capacities and competencies to offer services to the local as well as the global markets. The Indian die and mould industry is evolving over the years and is competing with global players.



T. S. Gopalakrishnan,
Director,
Multiple Special Steel Pvt. Ltd.

The tooling industry is an important industry for which our government shows apathy and the OEMs it serves does not show empathy. I fervently hope that this situation will change in the near future. The government has now opened its eyes to understand our plight, but to make OEMs open their minds, the tool rooms need to unite.


Daxesh Vyas,
Proprietor,
Daxter Tools

COVID-19 affected 2020 and the first half of 2021, but the tooling industry geared up. It now caters to the new tooling demands for upcoming OEM projects. The current buzzword for all products (auto, appliances, household) is short development time and short product life due to ever-changing demands of the consumer, government norms, and technological innovations.



Hardik Doshi,
Director,
Orange City Alloys Private Limited

We witnessed a slowdown during the first year of the pandemic. But, as the months passed by, the scenario started improving. FY 2021-22 witnessed one of the best financial years with respect to growth – it recorded the highest GST collection ever. Besides, policies that are favourable to increase exports and also to become self-reliant are already in place.


Ashish Varma,
CEO,
Prime Graphite Pvt. Ltd.

The Indian tooling industry is gearing up for new products and projects to meet customers’ demands even in such challenging and volatile times. In recent years, there are certain trends shaping up, which include customers looking for end-to-end solutions


Sudhakar N. A.,
SBU Head – Toolworks & Battery Components,
Mangal Industries Ltd.

The Indian tooling industry is back on a positive note, post the pandemic. The OEMs’ perception of Indian tool rooms is slowly changing, and the trust and confidence in the capabilities of Indian tool manufacturers have improved a lot over the past few years.


Karan Dharnidharka,
Managing Partner,
Girdharilal Agrawal & Co.

The Indian tooling industry will ride the growth curve of the overall manufacturing industry. During 2021, we witnessed the demand strengthening beyond pre-COVID levels, and expect the same to sustain and grow in 2022



Sanjib Chakraborty,
Managing Director,
Hurco India Pvt. Ltd.

A slowdown was observed for two years because of the pandemic. But the market is again shaping up and we are seeing a steady surge in demand. The year 2022 will be busy for all of us and we expect a similar trend to continue over the next few years.


Sohrab Kothari,
Co-Founder,
Sahas Softech LLP

The Indian tooling industry has grown to about 25% of the total AM applications worldwide. I expect the value of the Indian tooling industry to grow significantly in 2022. Today, the latest technological trends are driving the die and mould industry by providing costeffective, energy-efficient, and environment-friendly solutions to the die and mould makers.


Shreyansh B. Hippargi,
Managing Director,
QVI India Pvt. Ltd.

The die and mould industry is the backbone of the manufacturing sector. As the manufacturing sector grows, we will see equivalent growth in the die and mould sector. The FMCG sector is also looking good, and this augurs well for the die and mould sector.


Surendra Kumar,
Partner,
PI-TECH Services

As the country moves towards e-vehicles, and vehicles with reduced total weight, there are higher expectations from the plastic mould industry, as compared to those from the sheet-metal industry. Progress is apparent already.


Read More
Tech Know-how
Circular Economy Turning old into new: A second life for vehicle components

A huge number of used parts end up in the scrap yard for recycling every year. It is far more resource-efficient, however, to remanufacture alternators, starters and the like as part of a recirculation approach. This reduces waste, lowers the CO2 footprint and extends the service life of products. In the EIBA project, the Fraunhofer Institute for Production Systems and Design Technology IPK is developing an AI-based assistance system for semi-automated image-based identification of used parts without QR or bar codes. This will assist the worker with the sorting process so that more used components can be sent for remanufacturing.

Read More
Industry Updates
  • Indian Railways to achieve net-zero carbon emission by 2030: RN Singh, Secretary, Railway Board
  • Airbus expects demand for 2,210 planes in India over next 20 years
  • GE Healthcare boosts local manufacturing in India, new factory goes live
  • Volvo Group expands its R&D operations in India to become the largest site outside Sweden
  • Exide Industries announces investment of INR 6,000 crore in Karnataka
  • Suzuki to invest INR 10,445 crore for manufacturing EVs, batteries in Gujarat
  • Hope to make India a global hub for EVs, cell tech: Ola co-founder
  • Kennametal introduces lightest-weight version of electric vehicle tooling solution saving set-up and machining time
  • Mastercam 2023 Public Beta released for global testing
  • WIDIA introduces the next generation in versatile end milling
Read More

Organisers’ Views

DM Sheregar,
President, TAGMA India

As per the latest Indian Tooling Report compiled by TAGMA India and Nomura Research Institute, Ltd., the market size of the Indian tooling industry stands at ~INR 18,000 crore, with more than half of the total demand attributed to automotive and auto components sector. Most major global auto manufacturing hubs have a strong domestic tooling industry. India, however, is a notable exception here, as a significant portion of its tooling demand is still met via imports.
Read More

D. Shanmugasundaram,
Vice President, TAGMA India

Currently, the market share of Indian companies in the global tooling industry is less than 5%. However, with the kind of growth that we are experiencing in recent years because of the localisation among automotive companies, campaigns like ‘Aatmanirbhar Bharat’ and PLI schemes for various industries, Indian companies are set to increase their market share in the coming years. We need to firstly reduce the imports and then look for overseas markets.
Read More
Tool Talk
‘Indian toolmakers should aspire to be recognized globally’

“To achieve this, they need to invest in skill development, infrastructure, and the latest technologies. They should incorporate smart manufacturing technologies in their system to reduce errors and dependency on manpower for all types of jobs,” says Virendra Singh Bhadauria, Deputy General Manager – Projects, Hero MotoCorp Ltd.
Read More
Event
TAGMA India successfully organises multicity chapter meetings for members

Tooling industry stakeholders gather to discuss growth opportunities and challenges at TAGMA’s chapter meetings. TAGMA’s Executive Council promises many more such events in the year.
Read More

HURCO TAKUMI Open House 2022:

HURCO TAKUMI Open House 2022 set a new benchmark in industry partnerships. More than 300 delegates registered and visited the two-day machining event held at Hurco India Technology Centre at Chinchwad, Pune. Hurco India, along with its 11 partners, successfully organized HURCO TAKUMI Open House 2022, with a focus on making the latest machining technologies and processes affordable and adaptable for Indian manufacturers.
Read More
Report
In 3-4 years, PLI to account for 13-15% capex in key sectors

Of the INR 2.5-3 lakh crore potential spend under the scheme, 60% approved already
The implementation of the Production Linked Incentive (PLI) scheme will lead to a potential capital expenditure (capex) of INR 2.5-3 lakh crore over the scheme period and will account for 13-15% of average annual investment spending in key industrial sectors over the next 3-4 years, a CRISIL analysis shows.
Read More
Tips & Tricks
Five things you need to know about connected machine monitoring

Digitally connected machining is following the Industry 4.0 transformation that other industry segments are undergoing. One of the most important advantages of that transformation is the data that connected machines can provide in real time. This real-time data offers machining operations new possibilities for transparency, optimized planning and more streamlined, error-free production. However, data alone is not enough — and often can be too much. In this article we’re going to discuss the best methods and tools to mine, organize, and analyze connected machine data to help implement continuous improvement, and lean manufacturing.
Read More
This email was sent to %%Subs%%by TAGMA India
A-33, NandJyot Industrial Estate Safed Pool, A.K. Road, Mumbai - 400 072
If you wish to unsubscribe from this list Clik Here
Amol Padhye