The Production-Linked Incentive (PLI) Scheme is designed with a goal — making manufacturing in India globally competitive by eliminating hurdles for various sectors, helping companies achieve economies of scale, and ensuring efficiency. The Scheme is expected to attract global investments, generate employment opportunities, and increase exports substantially. It is also likely to lead to investments in innovation, research and development, and upgradation of technology. Toolmakers believe global and domestic companies, including MSMEs, are likely to benefit from the Scheme.
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“When I say build relations, it is not only about going across and meeting companies. They have to create an environment wherein all the stakeholders of the system sit together and develop tools, share knowledge and challenges,” says V. T. Venkateshwara Rao, DGM - Tooling Cell (CDMM), Mahindra and Mahindra.
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“India is the best alternative, as we are the biggest democracy, have a stable government, and highly skilled manpower. I see the current geopolitical situation is perfect for India. Now it’s all up to how we grab these opportunities. We are already a hub for medicine manufacturing, and automotive manufacturing. Now, we should aim to become a hub for tool manufacturing,” says Viral Shah, Managing Director, XCUT Technologies.
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Whenever any industrial challenge arises, there is likely a capability and a team of people available to overcome it. The following industrial solution case study fits the same bill. In this case study, Objectify Technologies Pvt. Ltd. explains how using a 3D-printing application has helped them develop and manufacture pump impellers for a client.
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With the help of metal additive manufacturing (AM) technology from global engineering company, Renishaw, UK-based Domin Fluid Power Ltd. (Domin) has produced a new range of direct drive valves. Founded in 2012, in Bristol, Domin, is disrupting the hydraulics industry by redesigning servo valves from first principles to achieve a better performing, more sustainable product at a lower price point.
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Nissan unveiled a production line at its Tochigi Plant featuring the Nissan Intelligent Factory initiative, in October. This unique initiative supports the manufacture of next generation vehicles using innovative technologies and contributes to the realization of carbon neutrality. Nissan also announced a roadmap to achieve carbon neutrality by 2050 at its production plants around the world
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Is the driver tired or even asleep? Cameras in the vehicle’s interior can already monitor this. Especially in the case of automated driving, interior cameras are important and prescribed by law. A new system developed by the Fraunhofer Institute for Optronics, System Technologies and Image Exploitation IOSB is the world’s first to be able to use image data to draw conclusions about the driver’s activity and analyze how quickly they would be able to take control of the vehicle.
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• BIG KAISER releases two dial indicator stands with 220 lb. capacity
• Low-leakage couplers for flawless and reliable temperature regulation in cleanrooms machine conditions and set ups
• GWS Tool Group releases new Hurrimill™ AT4 all-terrain end mill
• Optimised milling for vibration-free machining
• Alstom delivers the first trainset for Kanpur Metro
• Government committed to bolstering IPR ecosystem in India: Union Minister
• From ‘Fragile Five’ in 2013, India now one of the most preferred investment destinations: Secretary, Economic Affairs, GoI
• Government to aim for 30% EV sales penetration for private cars by 2030: Union Minister Gadkari
• Chip shortage: Auto retailers staring at huge losses this festive season
• HAL delivers heaviest Semi-Cryogenic Propellant Tank to ISRO
• Maharashtra govt bags INR 2,800-cr investment for manufacturing EVs

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