DM Sheregar, President, TAGMA India
The Indian tooling industry is in a high growth phase, and I expect this to continue in the coming days as well. After the challenging COVID-19 time, I see the following trends emerging in the industry:
There are currently 6 major obstacles that are impeding the growth of Indian tool rooms:
Since the last few years, there has been good improvement in terms of ease of doing business and many campaigns such as ‘Make in India’, ‘Atma-nirbhar Bharat’ and PLI schemes on various industries are generating good business for domestic players.
However, we still need a long way to cover to get to the level of countries like China and Taiwan. Some of the key elements such as tool steel and 5-axis machines are all imported in India, as we do not have Indian alternatives, have high import duty. Apart from this machine and land finance for the expansion of the business is also very high. Tooling is a very capital-intensive business and to attract more players in the industry we must make the business environment more conducive.
First, the exhibition is happening after a gap of four years and exhibitors and visitors are eagerly waiting for the show, thus we are very much confident of the success of the show. Some of the highlights would be:
Looking at the exhibitor count and the kind of companies we are having at this edition of DMI, I have a feeling that we are going to witness some of the latest technologies in the field of tool making. At this edition of DMI, we will have the latest 5-axis CNC machines equipped with industry4.0 features; injection moulding machines; cutting tools with new geometries; the latest software for design, manufacturing & simulation and not to forget additive manufacturing solutions.
In the Indian manufacturing space, the scenario has changed drastically in the last few years. With the presence of many global brands in India, the expectation level from customers has increased in terms of speed and accuracy. To cater to such demand, toolmakers have no option but to adopt the latest technologies. I see companies are adopting best-in-class machines and software.
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