India and countries across the world celebrated India’s 75th year of Independence. As every Indian’s heart filled with pride remembering the contributions of our country’s leaders while seeing the tricolor fly high, Prime Minister Narendra Modi lauded each citizens’ ‘Aatmanirbhar Bharat’ spirit for helping the nation become self-reliant during his speech at the Red Fort on August 15, 2022. Excerpts…
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“However, unless we make a serious attempt to upgrade ourselves to the international level of toolmaking, we cannot create any impact on this demand. This calls for gaining knowledge of what is happening around the world in all tooling-related activities… This is exactly what TAGMA tries to provide through its ITS Summits,” says T. S. Gopalakrishnan, Director - Marketing, Multiple Special Steel.

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“Like everybody else, I also was quite fascinated to work directly with the biggest company possible – be it in automotive or aerospace. But now, I would say, there’s no need to rush into that. It’s quite an expensive proposition to work directly with OEMs. I would definitely recommend developing your potential as a Tier-2 or Tier-3 for two to five years and then graduating to the next levels,” says Vipul Vachhani, Founder & CEO, Jaivel Aerospace.

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‘Manufacturing SMEs should evaluate new technologies’
“Traditional approaches might not help in matching the steps or keeping pace with the global industry. New approaches and solutions can help them stay relevant, competitive and resilient,” says Santosh Prasad, Manager - Technical Support, DesignTech Systems Pvt. Ltd.

To remain competitive in the tooling industry, a company must produce precise, quality parts and equipment. Godrej Tooling, a division of Godrej and Boyce, has been doing just that since 1935. The company’s ability to deliver on its promise of “tooling our customers’ competitiveness” is borne out in its ISO 9001, ISO 14001 and OHSAS 18001 certifications, as well as work for major automakers including Honda, Toyota, Suzuki, Mahindra & Mahindra, Tata Motors, Caparo and Valeo.
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Industry growth to be supported by gradual improvement in the macroeconomic environment, replacement cycle and healthy demand from the end-user industries; CV OEMs to witness improvement in financial performance over the near team, according to ICRA Research.
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Today’s workforce is not what it used to be. Those individual companies’ targets for recruitment now are definitely different than employees who’ve been in the workforce for the past 30 years. Current jobseekers want flexibility, advancement and equilibrium when it comes to their work-life balance. It is for these reasons that the end goal of a truly strategic workforce development plan, more than ever, is to attract the best and most talented individuals, then retain them once they are hired.
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The haulage industry is facing greater cost pressures than ever before. Highly efficient fleet management is therefore essential for logistics companies to be successful in an extremely competitive marketplace. Continental is introducing its upgraded ContiConnect tire management solution to serve its customers better with a comprehensive tire asset management offering.
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• Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant
• Government offers use of indigenous 5G testbed free of cost to recognized start-ups, MSMEs up to January 2023
• SIDBI partners with SVC Bank for empowering MSMEs
• HAL and Safran to develop new helicopter engines in joint venture
• Homegrown Polymatech to invest $1 bn in chip manufacturing in India
• Okinawa Autotech to invest INR 500 crore for manufacturing plant in Rajasthan
• Bharat Fritz Werner announces launch of the Photon 4000G

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The pandemic impacted several businesses, globally as well as domestically. But the most affected were the SMEs and MSMEs. Some businesses shut shop, while some did whatever it took to stay afloat. As the pandemic gradually fades away, it has offered us all a ray of hope. The markets have opened up, the Indian economy seems to be bouncing back to pre-COVID levels and is looking bullish for the coming days.
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