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?
We have scaled up technologically, benchmarking the milestones from IMTEX to IMTEX. We have been introducing technological advancements and innovation through this platform only. This would be our 9th successive presence at the exhibition. The maiden success at IMTEX’2001 is still embedded as a nostalgic memory of our team. Right from introducing the first ever Indian CNC machine with linear motors at IMTEX’01, innovations are being introduced at each exhibition.
What would be the big strategy/plan that you will be pursuing post-IMTEX in 2019, aimed at creating a big business impact?
We treat IMTEX as a launching pad for our new products/ innovations/technological enhancements. Once this innovation is well demonstrated and explained to the target audience, we fine-tune the products/innovations in line with the feedback of the target audience taken during IMTEX. The next big step would be making them saleable in bigger scale gradually. Post IMTEX, we do our homework to make products/concepts customer-centric and only then, do we commercialise the same. Once we are through with the conventional steps, we chart out the strategies to lead the industry through these products/concepts.
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?
controlling of various manufacturing activities and so on. This time, you’ll find a fresh air of change in terms of elements on our booth, demonstrating the tools and utilities as a part and parcel of Industry 4.0. We’ll be endeavouring to introduce AI for the first time in the Indian machine tool industry. Clearly, the next two years from now would be dedicated to IoT and AI tools for better human comfort in the machine tool industry.
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?
New technology always brings some disruptive challenges. The new era of digitisation and automation may give us adversities in terms of cutting of employments. The backup plan would have to be charted out in order to respond to these kinds of challenges, in terms of technological disruptions. The shortterm as well as long-term sustainable plan should be in place as per the need of the hour.
In your opinion, what is an industrial trend/concept/ myth which you would like to demystify within the Indian manufacturing sector?
There is a misbelief, which still prevails in the mindset of Indian corporate users that Indian products are still inferior when benchmarked with the Japanese or German ones, which is only partially true. The quality standards and other product deliverables of goods manufactured in India have scaled up significantly. Another myth is related to the psychology of acceptability of innovations by Indian customers. It is believed that Indian customers are very conservative when it comes to adapting innovation/technology, which is not true. We have encountered so many Indian customers from the Indian manufacturing sector, who are absolutely tech-savvy and always inspire us to develop different products and features.