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?
Micromatic Grinding Tech (MGT), which started 45 years ago, also celebrates 40 years of its association with IMTEX. The participation at the first IMTEX was historic for young entrepreneurs. They won two first prizes—CMTI-PMT Best Design and FIE Best New Product for the precision universal cylindrical grinder model, GCU 100, displayed at IMTEX 1979. MGT has participated in every subsequent IMTEX since then. Several new models of centerless, ID, ID/OD universal and NRG machines have been introduced during the last 40 years, showcasing several technologies and products.
What would be the big strategy/plan that you will be pursuing post-IMTEX in 2019, aimed at creating a big business impact?
As part of our strategy, we are in the pursuit of zero—as a value multiplier, with each stage increasing our value by ten times for stakeholders. Deploying the Hoshin-Kaneri matrix is also part of our strategy. Other plans include focusing on exports, improving machine reliability significantly by focusing on zero defects during the first year, developing green machines, improving customer services, skill development, etc.
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?
Major technology advances consist of virtual training with respect to grinding machine operation/maintenance, AGI— Automation of Grinding Intelligence, smart machines involving monitoring and self-correction, timely health-check reports, optimising grinding processes, etc. Other advances include ZED machines with Zero Defect and Zero Effect, such as, minimum quantity lubrication, paperless coolant filtration system, along with CBN grinding technology for improving process capability, quality consistency and productivity. Virtual tours of factories, exhibitions, webinars using live-streaming, advancing customer education and awareness will also be seen.
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?
Visiting and participating in international exhibitions and seminars, showcasing new technologies, helps in their assessment. Scanning the world manufacturing, business and HR management scene and keeping a close eye on the competitor’s executions and developments across the globe is also beneficial. This provides inputs for future development regarding the what and how of people, processes, products and services. A close relationship with R&D is also a key focus for ensuring sustainability.
In your opinion, what is an industrial trend/concept/ myth which you would like to demystify within the Indian manufacturing sector?
MGT has been successful in creating an industry-academia led R&D eco-system with IITM and the Ministry of Heavy Industries, GOI for IMTMA members. After the successful completion of the Next Generation Precision Grinder with IITM and PSA-GOI, 11 new R&D projects were sanctioned by DHI for 7 IMTMA members in 2016. The myth that Indian industry can’t work with best-in-class academic institutions, employ and engage IIT and other high-ranking institute graduates for home-grown R&D, stands broken. MGT has also collaborated with STIMS Institute, USA, breaking the myth that Indian companies need not be MNCs but can access and utilise the best in ideas and technology from across the globe. High-precision and high-production import substitute machines can be built by IMTMA members.