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The event saw several thought provoking panel discussions that include expert ideas from industry leaders

News TAGMA organises the International Tooling Summit

Mar 1, 2016

The International Tooling Summit, brought forth in association with TAGMA India, was recently held at Mumbai. The event saw several thought provoking panel discussions.

The International Tooling Summit, brought forth in association with TAGMA India, was recently held at Mumbai. India, today, stands amongst the twenty largest producers of cutting tools in the world. The tooling industry as per the industry survey is estimated to be `15,100 crores for 2014-15 out of which close to `8,000 crores is met indigenously. Sharing his views on the event, Kamal Bali, MD, Volvo, said, “‘Make in India’ strikes at the root of the critical shortcomings in manufacturing, namely the need for higher value-capture in India. The tooling industry is rightfully positioned to fulfill this shortcoming by facilitating higher value addition, thereby, creating greater economic activity.”

The event saw several thought provoking panel discussions, as a part of which Anoop Chaturvedi, VP—Production Engg, Maruti, said, “The Indian automobile/manufacturing industry is rapidly evolving as a key global player. This rapid growth coupled with globalisation has led developments in technology and regulations. This offers growth opportunities to tooling industry, which is known for low cost manufacturing, but need to build world-class capabilities in design & innovation, robust processes, and reduce product development time, while keeping focus on quality.”

As a part of the panel ‘Making India the manufacturing hub of the world’, Dr Wilfried G Aulbur, Managing Partner, India, Chairman Middle-East & Africa, Head, Automotive Asia, Roland Berger Strategy Consultants, said, “National manufacturing industries depend on high-performing tool manufacturers to bring products to market. Meeting quality, performance, aesthetics and cost targets is impossible without reliable partners on the machine tool side. India’s machine tool manufacturers have moved up the value chain as the increasing success in import substitution demonstrates. However, to be true partners in making ‘Make in India’ happen, further improvements across a number of process parameters are necessary.”

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