With the 50-year completion of IMTEX this year, what significance does it hold for you and your company? How old is your company’s association with IMTEX?
ISGEC has been associated with IMTEX since its inception. Being its active participant, we have worked in building trust and credibility for ourselves at the show, showcasing technology and offerings of the machine tool industry. With faith in its deliverables, ISGEC has always participated with a significant presence, without a single miss.
What would be the big strategy/plan that you will be pursuing post-IMTEX in 2019, aimed at creating a big business impact?
In IMTEX 2019, under the section of Factory of the Future, we will be bringing its recently developed remote access programme called Remote Enabled Access & Cloud Hub (REACH 4.0), a product by our in-house R&D. We will also be presenting a low-cost component transfer system for presses, also by our R&D. It is likely to bring a revolution in SME customers by using presses, as it would significantly enhance their productivity, for which its demo will also be available.
Digitalisation has been the most talked-about topic in the manufacturing industry today. Besides digitalisation, would you like to highlight any other technology advances that will have the maximum traction in the next two years?
So far, automation has been a privilege of large scale producers and MNCs. Its major reason has been prohibitive cost and absence of support in application engineering and after-sales service. In the next spurt of expansions in SMEs they are likely to adopt automation in a big way and are in fact, waiting for indigenous products of automatic transfer of components at a value they can afford and with the knowledge of its application engineering at their door steps. Network 4.0 will further strengthen these initiatives as realistic support will be available in keeping up maintenance.
How do you assess the disruptive power of new technologies at an early stage and build a sustainable plan so as to respond to the technological disruptions, in the short-term & long-term?
We believe that disruptive technology of 4.0 networking is not only applicable for sophisticated high-value, high-tech machines but also very useful for SMEs using relatively lowtech, low-cost machines that are utilised in large volumes. This thinking has translated into development of low cost automatic component transfer. Our registered trademark, ISGEC ACTs (Automatic Component Transfer System), with a support of ISGEC REACH 4.0, will enable short-term and long-term growth.
In your opinion, what is an industrial trend/concept/ myth which you would like to demystify within the Indian manufacturing sector?
There is a misconception that high technology and automation is not as relevant to SMEs as much as it is to large scale sector users. They look forward to original products of automatic transfer of components at a price they can meet the expense of, while the information for the application is easily available. As they grow, SMEs are expected to implement automation tremendously.