Organised by the Tool & Gauge Manufacturers Association of India (TAGMA), Die & Mould India was inaugurated by chief guest Prabhakar Kadapa, Partner & Director, Mudita Strataegis Consultants and Guests of Honour Vidyadhar Limaye, Senior Director, IAC Group; Raghava Badhya T V, President & Director, Makino India; D M Sheregar, President, TAGMA India; and D Shanmugasundaram, Vice President, TAGMA India, in the presence of other dignitaries.
Sheregar shared how the last two years have been challenging for the industry. However, it has emerged stronger and is ready to tap the growing demand for tools in the country. As COVID-19-related challenges fade away and the Indian manufacturing industry is witnessing growth opportunities, the 12th Die & Mould India exhibition aspired to play the role of a facilitator. The four-day event showcased various technological developments for the booming die and mould industry and also highlighted opportunities and challenges, providing a platform for toolmakers to learn from the user industry.
Highlighting the opportunities and challenges in the industry, Limaye stated that India’s toolmakers have made significant contributions to the global manufacturing sector. However, the automobile industry is still heavily reliant on foreign toolmakers because of our toolmaker’s limited capacity. A way needs to be found out to bring toolmakers together to maximise capacity utilisation and to meet the fast-paced demands of various sectors and growing opportunities.
Badhya then went on to highlight the potential of the tooling industry and believed that believes Indian toolmakers can find lots of opportunities in electronics, medical equipment, aerospace and defence, among others industries and India needs to be known for its quality. What the industry needs to focus on is the global market, building strategic partnerships, and manpower development. India has an educated population, a larger geographical area, and smart minds. He also added that this decade will be the most rewarding for India’s manufacturing sector, which will positively reflect on the tooling industry.
At the inauguration ceremony, in his keynote address, Kadapa, said that the tooling industry has come a long way in the last 40 years and the sector has seen a lot of advancements and is now catering to demands from some global customers. The tooling industry’s evolution over the next 5 to 10 years will be mindboggling. While Indian tooling companies lack the specialisation that the global market demands, the scenario is slowly changing. Indian toolmakers are adopting the latest technologies, like their global counterparts.
More than 300 exhibitors covering an area of 19200 sq m and 10+ countries participated in the 2022 edition of the Die & Mould India exhibition with each presenting the latest developments in the tooling industry. With a significant growth forecasted and the emergence of many sectors in India, the Indian tooling industry is expected to see double-digit growth in the coming years. Over 38,000 visitors from industries like automotive, aerospace, die mould, machine tools, heavy engineering, plastics, packaging, consumer goods, toy, and medical, attended the exhibition.
The exhibition came to an end on April 30, 2022. From the latest technologies and innovations to new launches, visitors witnessed it all at the four-day event. A B2B pavilion was also organised at the event which was a huge hit amongst the toolmakers and the user industry. At the B2B pavilion, 10 companies from the user industry met around 25 toolmakers collectively and shared their expectations with toolmakers. TAGMA believes that there are many opportunities for the evolving industry and it is time to channel the right resources and enhance capacity and capabilities.
Talking about the response and industry trends, Shanmugasundaram acknowledged that the response was overwhelming. The organisers are ready for bigger opportunities. The industry believes the coming decade to be all about India's growth. However, capacity addition is still the biggest challenge, and toolmakers should come forward to solve this issue. If the capacity is enhanced, the imports can be reduced. With the grand success of Die & Mould India 2022, TAGMA believes the forthcoming years to create huge opportunities in the Indian tooling industry.