| In Focus |
Are you part of the
digital revolution?
Micro, Small and Medium Enterprises (MSMEs) are the growth engines of the
economy. To thrive in these challenging and demanding times, they need to look
for ways to create an impact. And, what better way to do so than by exploring
the option of digital marketing? Digital marketing has the ability to help small
businesses reach out to the global marketplace, become visible to a much larger
customer base, and generate far more leads, which could convert into business
opportunities. While the digital space has a lot more to offer, the question you
need to ask yourself is…
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| Corporate Focus |
MSMEs get a digital boost
Going digital has become the norm for companies to survive. Some prominent
national and international organizations have taken measures to help MSMEs
progress in their digital journey. Let’s take a look at their contributions.
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| Tool Talk
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‘ACMA and TAGMA must start working
closely to help our members’
“We are open to organizing events, meetings, and delegations for TAGMA
members, where component members can chart out their expectations in
front of toolmakers, which can generate business for toolmakers. We can also
organize a buyer-seller meet for our members, which will be beneficial for both
the industries. I am sure all the component manufacturers and OEMs want
Indian toolmakers to grow because when any industry is uplifted in the value
chain, it has a greater impact on the whole industry,” says Vinnie Mehta, Director
General, Automotive Component Manufacturers’ Association (ACMA)
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| Leaders Speak |
‘The PLI Scheme is going to be a game changer’
“PLI Schemes in various industries will offer a
boost to various sectors. It will definitely help
toolmakers looking to diversify into other
industries,” says Vishal Purohit, Director - BD,
Purohit Steels India Pvt Ltd.
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| Case Study |
ORBIS utilizes M-Powered IIoT
solutions to mitigate break-fix
maintenance & discovers significant
energy savings
With more than 170 years of material handling expertise and 65 years
of plastics innovations,ORBIS helps world-class customers move their products faster, and in a safe and costeffective manner with reusable totes, pallets,
containers, dunnage, and racks. Using a proven approach, ORBIS experts analyze customers’
systems, design a solution, and execute a reusable packaging program for longer-term cost savings
and sustainability.
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| Tips & Tricks |
Why a Probe is the First
Tool You Should Load in Your Machine’s Spindle
On-machine probing is particularly critical for Mazak customer Jasper Engines
and Transmissions. The shop’s Mazak HCN 6800 Horizontal Machining Center
processes families of engine cylinder heads, and the parts can look similar, but
involve very different dimensions. For this reason, the first tool Jasper Engines
and Transmissions runs is a probe that confirms a part is loaded, identifies it, and conveys
that information to the machine’s control, which in turn selects and runs the correct
program for that particular part – virtually eliminating any risk of error.
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| Report |
‘Credit profile of auto ancillaries
to remain largely stable, despite
short-term challenges’
ICRA’s FY2022 growth forecasts for the auto components industry have been revised
downward by 300 bps from the earlier estimates due to the impact of semiconductor shortage
on domestic OE as well as exports revenues. Nevertheless, it is expected to be at 17% to 20%
growth for the auto component industry in FY2022, partly aided by the low base of last year
and commodity pass-through. The liquidity position remains comfortable across tier-I and
tier-II players. ICRA expects the credit metrics such as interest coverage for the sector to remain
comfortable in FY2022, aided by relatively healthy accruals and low debt levels.
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| Industry Updates |
- Modern carbide end mill technology increases tool life through the
reduction of heat in high-production CNC milling
- INDrill LITTLE Smart Masters… for the Smart World
- Artificial Intelligence is a kinetic enabler for growth of Indian technology
ecosystem: MoS MeiTY
- Alstom inaugurates new components manufacturing facility
in Coimbatore
- Government signs contract for procurement of two Fixed Base Full
Mission Simulator for Jaguar Aircraft from HAL for IAF
- Shri Narayan Rane emphasizes on important role of MSME sector in job
creation and expanding manufacturing base
- Union Minister launches Special Credit Linked Capital Subsidy
Scheme for Services Sector
- SIDBI joins hands with Google to help MSMEs
- Greaves Electric Mobility opens its largest EV production facility in
Tamil Nadu
- Godrej Tooling enhances its R&D investment to grow its portfolio in the
Electric Vehicles sector
- Tata Motors to raise $1 billion in its passenger electric vehicle business at
a valuation of up to $9.1 billion from TPG Rise Climate
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