Moulding Manufacturing

THE DIE AND MOULD INDUSTRY IN INDIA HAS EVOLVED OVER THE YEARS AND TODAY HAS BEEN ONE OF THE MAJOR CONTRIBUTORS IN THE INDIAN ECONOMY.

- Bindu Gopal Rao

INDIAN DIE AND MOULD INDUSTRY HAS BEEN a major contributor to the Indian economy since long. The industry supports immensely to the manufacturing sector, especially to industries such as auto components, machine tools, electronics, packaging, plastics, and healthcare. The die and mould industry is growing consistently at 15% (CAGR) every year and according to the Indian tool room manufacturing forums, the domestic average market size of die and mould industry is expected to reach Rs 30,000 crore worth by 2021.

With rapid globalisation, competition within the Indian industry is intensifying. In this situation where customers expect enhanced value creation from newer technologies and efficient products, organisations are upping the ante to respond to market expectations. Sushil Aggarwal, chairman, AMPL, India says, “Globalisation is synonymous to intensification. While the government of India aims to promote Make in India as the main driver, our company AMPL focuses on continuous innovation taping growth prospects possible with government’s focus on the manufacturing for the Indian die and mould industry. Also, we aim at meeting customer’s expectation abiding technological innovations with latest designs of plastic furniture to beautify their living spaces and serving the best quality standards. Our goal is to achieve excellence through customer delight at large, for India itself has enormous potential in the coming years. Talking about our company AMPL India, high quality and high precision are the two pillars which we strongly abide. While the changing technology trends in the vertical, integrated approach in the overall production, improved tool room management systems are the key factors for speeding up the growth status of this industry.”