In Focus |
Toy Industry: The Game Changer
The Indian toys market reached a value of US$ 1.35 billion in 2021. Looking
forward, IMARC Group expects the market to reach US$ 2.73 billion by 2027,
exhibiting a CAGR of 12.6% during 2022-2027. The emphasis on manufacturing
toys locally will provide the tooling industry an interesting opportunity to
explore. However, toolmakers will need to gear up to meet the evolving demands
of the toy industry.
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Tool Talk
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‘The toy industry demands
speed and competitiveness’
“The shelf life of any toy has
gone down significantly.
Nowadays, children want
new toys frequently. Also,
the number of products in
our industry is huge. So, we
have to develop products
continuously. This provides
a great opportunity for
toolmakers, as no toy
can be made without a
tool,” says Vijendra Babu,
Founder & MD, Micro
Plastics Pvt. Ltd.
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Leaders Speak |
‘The manufacturing industry will
witness strong demand’
“The government has announced
Production-Linked Incentive
schemes for various industries.
All these indicate that 2022 is
going to be a remarkable year
for the manufacturing sector.
This, in turn, will definitely
reflect a healthy growth for the
Indian tooling industry too,” says
Mangesh Awate, GM – Business
Development, Zecha Precision
Tools Ltd.
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‘The current global scenario has provided a golden
opportunity to Indian industries’
“If we cannot utilise this opportunity, we
will be left behind and it may take a long
time to get another similar opportunity.
The China-plus-one strategy is a great
opportunity for India. We must act on
it and grab it,” Sunil Desai, Founder
Director, Designcell CADCAM Solutions
Pvt. Ltd.
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‘We will be a global
manufacturing hub’
“As die and mould is the fundamental
need for manufacturing, it has a
tremendous growth potential. It merely
depends upon how we gear up to take
it forward,” says Vivek Nanivadekar,
Executive Director, FIBRO India Precision
Products Pvt. Ltd.
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‘The outlook for
the manufacturing
industry, including
die and mould, looks
optimistic this year’
“The pandemic effect has subsided and we are
returning to work with all the precautions in
place. The industry has adjusted to working
within the new parameters of pandemic care,
and, with those guidelines, they have set
up new workflows and have resumed their
activities with increased momentum,” says
Yashwant Landge, Associate Vice President –
Sales, DesignTech Systems Pvt. Ltd.
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Exhibitors’ Views |
A. Suresh Babu,
Sales Manager,
Eltec Engineering The Die & Mould India exhibition helps the tooling
industry gain first-hand knowledge of the trends.
It works like a medium for us to convey our issues
to the government at the right time. We have been
showcasing our products at Die & Mould India
over the years, and, thanks to this exhibition, we
have always achieved a better market reach.
Anant Deshpande,
Technical Director,
Trokut Solutions Pvt. Ltd.
This is first time that we will be participating in the Die & Mould India
exhibition. At the exhibition, we will be showcasing our mobile diemould laser system, and other laser-based die-mould repair and
welding system. We hope to benefit from this exhibition by being able
to expand our reach and increase our customer base. We also hope to
strengthen our brand’s presence through Die & Mould India.
Devjeet Mandal,
Founder & CEO,
MECHMATRIX
Die & Mould India has enabled us to network with
companies in the die and mould segment that are
looking to implement the latest innovations and industry
best practices on their shop floor to stay ahead in the
game.
Gifuku Furushiba,
CEO,
Hiraoka Hyper Tools
This will be the first time that we are participating
in Die & Mould India. We will be showcasing our
tools, dies, and moulds, which we have created
using cold forging.
K. Ravi,
Partner,
Pre Mould Engineers
The Die & Mould India exhibition is a place where
we can create awareness about our presence to
potential buyers. We are going to showcase our
flagship product ‘Mould Base’ for injection moulds
and pressure die casting dies in the upcoming
exhibition.
Pankaj Goel,
Chief Executive,
PLASSTEZE
Die & Mould India is the country’s leading exhibition, which has on
board exhibitors and visitors, who are most relevant to the tooling
industry. Ever since 2008, the year we started participating in Die &
Mould India
Vatsal Naik,
Technical Director,
CADbro India
Die & Mould India is the perfect platform to
showcase your products as well as connect
with customers. It has helped many businesses
grow and can be viewed as an initiative that
furthers the ‘Make in India’ campaign. At this
edition of Die and Mould India,
Ravi Sane,
Business Head,
DIJET India
I truly believe that the Tool & Gauge Manufacturers Association of India
(TAGMA) is doing excellent work to uplift the Indian die and mould
industry
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Industry Updates |
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development
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