GATHERING UP FROM THE DISRUPTION caused by the two waves of pandemic, the machine tools industry and its association bodies have collected themselves to not only garner positive government attention towards its long-standing woes, but also shown quick response in adapting new technologies and changing its perspectives on things to do.
On its way to recover from the pandemic onslaught, the industry is poised for adaptation of innovative technologies and also benefit from alleviation of its long festering hardships.
“Although it took a little time to stabilize following the pandemic, we could witness a surge in demand in the machine tool industry after a few months and we are not too far from the pre-COVID levels in general,” says Pradeep Patil, Managing Director, TRUMPF (India) Pvt. Ltd.
TECHNOLOGY ADOPTION
Indradev Babu, President of Indian Machine Tool Manufacturers’ Association (IMTMA) and MD, UCAM Pvt. Ltd., says “Technology adaptation is bringing transformation in all the activities of industries at a faster pace, saving cost and enhancing customer service and support.”
“Industry is using technology for enhancing performance and production, reducing wastage and optimising inventory. It is using automation for dull, dirty and dangerous activities. It is establishing digitalisation for faster decision making, remote assisted maintenance and installation and commissioning of machines and equipment and for online training,” he elaborates.
This story is from the June 2021 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2021 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Precision Revolution
Exploring the fusion of Machine Learning and CAD/CAM Technologies, Shriyal Sethumadhavan delves into the transformative impact of AI integration in manufacturing.
Empowering MSMEs
In conversation with Amit Mande, Chief Revenue Officer, U GRO Capital
Fornnax unveils SR-200 HD recycling innovation
Fornnax Technology continues to expand its portfolio of high capacity lines and debuted an upgraded variant of primary shredder.
Transforming manufacturing and product development
India's manufacturing sector, currently contributing 17% to the GDP, is expected to be one of the key drivers of growth for the country.
Transforming E-commerce: How LLMs are changing visual content
LLMs reshape e-commerce with captivating visuals, balancing benefits and drawbacks of authentic content in the digital retail arena
An intelligent move
Dive deep into the future of manufacturing as we explore the transformative power of intelligent technologies revolutionising the industry.
Meeting India's data centre cooling demands
Schneider Electric inaugurates state-of-the-art cooling factory in Bengaluru
The gender matters of manufacturing
Does the manufacturing industry suffer from a gender gap?
Navigating India's manufacturing landscape
Jibak Dasgupta, Director General and CEO, Indian Machine Tool Manufacturers' Association's view on the influx of investments and the manufacturing landscape
A decade of 'Make in India': The foundation for building a manufacturing powerhouse
As India experiences profound economic growth, it has emerged as the second most sought-after manufacturing destination in the world, contributing 13.9%1 to the economy.
