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N K Dhand, Chairman & Managing Director, Micromatic Grinding Technologies

Grinding Machines “GST is an important element”

Feb 7, 2017

“ India, due to its demographic dividend & aspirational workforce additions, is in a far better situation than many other countries including the developing world, as far as long term growth projections are concerned.”

How has the IMTEX metal-cutting exhibition evolved over the years, according to you? How is the exhibition helping Indian machine tool/cutting tool manufacturers to advance their technology standards so as to compete globally?

Over the years, IMTEX has remained as the most important event for the metal cutting & metal forming industries in the subcontinent, held alternatively every other year. It galvanises both the machine tool manufacturers & users, besides attracting new young engineers & students who can see manufacturing & many new related technologies displayed, some for the first time. Its international character also adds much glamour & substance to attract record visitors. In the coming years, IMTEX is going to gain greater importance due to the ‘Make in India’ initiative.

Given that global manufacturing companies are moving towards the next industrial era - Industry 4.0, how will these trends and technologies be observed at IMTEX 2017 ?

Global competitiveness in any field, including manufacturing, is majorly a catch-up game with only a select few being innovation leaders. Many Indian machine tool builders (MTBs), including MGT & the Ace Micromatic Group companies will showcase, ‘how they are working towards this new direction of Industry 4.0’ at IMTEX 2017.

Taking into consideration the current uncertain economic situation in India, what are the possible ways in which exhibitions like IMTEX can drive growth in the manufacturing sector ?

Manufacturing is a long-term policy for any nation (and company), as the government has lately realised, after being side-lined for nearly three decades. The current economic situation in India and the world is an ever changing scenario. India, due to its demographic dividend & aspirational workforce additions, is in a far better situation than many other countries including the developing world, as far as long-term growth projections are concerned.

IMTEX provides a good platform for networking. What would be your company’s strategy post IMTEX 2017 to get the maximum out of the exhibition?

Yes indeed, IMTEX serves as a great platform for networking with all the stakeholders, vendors included. We always encourage our supply-chain team members to not only find out alternate suppliers, but also scout around for different innovative solutions displayed by various exhibitors. Since MTI is 50-70% materials & bought-outs, this is very important for cost competitiveness. Post IMTEX, we always take on projects to introduce better cost effective supply chain solutions.

What are the main factors that are driving manufacturing excellence globally? How well does IMTEX 2017 represent these latest manufacturing innovations?

Globalisation has had the biggest impact in this century so far. This is driving both innovation and cost competitiveness, impacting manufacturing excellence as well. With digital media becoming all pervasive, this trend is unstoppable, though recent trends like Brexit & President Trump’s win in USA have occurred on the platform of reversing globalisation. Manufacturing excellence will continue to thrive on the back of globalisation & it will be evidenced by a record number of international exhibitors at IMTEX 2017.

How do you plan to align your company’s Vision 2020 strategy with the latest manufacturing trends along with government’s initiatives such as ‘Make in India’, ‘Digital India’, etc?

‘Make in India’ & ‘Digital India’ will thrive only through manufacturing. But a very important element is ‘GST implementation’. So these will facilitate & hopefully speed-up our ‘Vision 2020’ goals, which otherwise have slowed down during the past 4 years. Both ‘Make in India’ & ‘Digital India’ are helping India as being projected as a new-reformed Asian giant, open for foreign investments since > 7% GDP is projected for next few decades. So, manufacturing is poised to see ‘Aache Din’!☐

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