A CUT ABOVE

CUTTING TOOL INDUSTRY IS CRAVING TO PLAY AN IMPORTANT ROLE IN ‘AATMA NIRBHAR BHARAT’

- MAT KHAN

WITH EMPLOYMENT GENERATION ACQUIRING a sense of urgency, there is a general shift in attention towards Micro, Small & Medium Enterprises (MSMES), that contributes nearly a third to the country’s GDP, to play a significant role in tackling the issue. It is only natural that an Rs8000-crore cutting tool industry, that is to a large part dominated by the medium and small-scale industry, would seek its small but important space in the endeavour.

Also, the industry in India is a healthy combination of large multinational firms well supported by a big cluster of indigenous MSME manufacturers. Together they are pitching in.

‘Make in India’ and ‘Aatma Nirbhar Bharat’, the clarion call made by the Prime Minister aimed at encouraging indigenous enterprises and self-reliance would naturally draw spontaneous response from the cutting tool industry. At the same time, it also stands to be a beneficiary of the overall industrial growth of the domestic enterprises following the call.

“Many indigenous companies have really helped India to take a big leap in the campaigns like ʹMake in Indiaʹ and ʹAatmanirbhar Bharatʹ. These initiatives have become the key drivers of increasing demand in machine tools business,” says Prashant Sardeshmukh, MD, MMC Hardmetal India Pvt Ltd., a Mitsubishi subsidiary.

L Krishnan, MD, TaeguTec India, a South Korea headquartered company says, “In the times to come, we can hope to witness greater indigenous production of state-of-the-art and high-performance equipment & machines.”