GROWING NEED FOR FUTURISTIC TECHNOLOGY IN DIE AND MOULD MANUFACTURING
The Machinist|April 2022
India's die and mould sector, one of the prominent contributors to the Indian economy, is set to grow with a CAGR of 9 per cent by 2025. The article explains why Industry 4.0 is necessary for the growing die and mould sector.
Pankaj Abhyankar
GROWING NEED FOR FUTURISTIC TECHNOLOGY IN DIE AND MOULD MANUFACTURING

It is undisputed that the foundation and way forward for mass production depends upon the die and mould segment.

The assembly of all physical products begins with a die and mould before being shipped by the company. In India, the die and mould industry has become one of the foremost contributors to the Indian economy due to its progression and technological advancements, with an expected CAGR of 9 per cent by 2025.

GROWING OPPORTUNITIES

Technology has evolved significantly since the invention of handmade tools. Globalisation and Industry 4.0 have emphasised innovation of die and moulds across industry segments. The automotive industry is a key consumer of die and moulds in the country. Apart from the auto industry, the electrical and electronics segments are also projected to drive demand. Some other emerging industries expected to create demand for die and moulds in India include consumer durables, medical, white goods and defence.

The die and moulds segment is driven by new opportunities for the lightweighting of products and safety-critical parts. Simulation technology en les output prediction and helps refine the design before manufacturing. Moreover, the development of 3D printing enables better thermal management of plastic moulds and die casting dies.

CONTRIBUTION TO THE EV REVOLUTION

Recently, the Government of India reiterated its focus on electric vehicles (EVs) as a part of the Union Budget 2022. It has introduced a battery swapping policy that will enable private players to set up battery swapping stations, encouraging further advancements for EVs. The primary components with business opportunities for tool rooms in electric vehicles will be for the motor casing, light-weighting and transmission parts along with their structural parts.

This story is from the April 2022 edition of The Machinist.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the April 2022 edition of The Machinist.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM THE MACHINISTView All
REVOLUTIONISING THE CONSTRUCTION EQUIPMENT LANDSCAPE: A DECADE OF MAKE IN INDIA
The Machinist

REVOLUTIONISING THE CONSTRUCTION EQUIPMENT LANDSCAPE: A DECADE OF MAKE IN INDIA

The panellists delved into the significance of construction equipment in India's development and how self-reliance in equipment manufacturing is the need of the hour.

time-read
2 mins  |
March 2024
SMART WATER METRE INTEGRATION: TRANSFORMING REAL ESTATE PROJECTS INTO WATER-EFFICIENT COMMUNITIES
The Machinist

SMART WATER METRE INTEGRATION: TRANSFORMING REAL ESTATE PROJECTS INTO WATER-EFFICIENT COMMUNITIES

Discover how smart water metre integration is reducing costs, promoting sustainability, and fostering data-driven decision-making. Learn about the advantages, benefits, and environmental impact of smart water metres, and explore the way forward for this transformative technology in India.

time-read
4 mins  |
March 2024
CHALLENGES TO OVERCOME AS A NATION - THE UNSAID STORY
The Machinist

CHALLENGES TO OVERCOME AS A NATION - THE UNSAID STORY

This is what Lt Gen VG Khandare, Principal Advisor, Ministry of Defence said in his special address...

time-read
1 min  |
March 2024
REINVENT, INVOLVE, AND LEAD: DR. GNANVATSAL SWAMI'S VISION FOR MANUFACTURING
The Machinist

REINVENT, INVOLVE, AND LEAD: DR. GNANVATSAL SWAMI'S VISION FOR MANUFACTURING

Through his address, Pujya Dr Gnanvatsal Swami, Life Coach & Eminent Speaker, BAPS Swaminarayan Sanstha, offered insights on the topic of 'Reinvent, Evolve & Lead.

time-read
2 mins  |
March 2024
"MANUFACTURING SECTOR IS THE BACKBONE OF THE SOCIAL AND ECONOMIC DEVELOPMENT OF THE COUNTRY"
The Machinist

"MANUFACTURING SECTOR IS THE BACKBONE OF THE SOCIAL AND ECONOMIC DEVELOPMENT OF THE COUNTRY"

Here's what Shri Atul Dinkar Rane, Outstanding Scientist and Director General (BrahMos), DRDO and CEO & MD, BrahMos Aerospace said in his address...

time-read
1 min  |
March 2024
REIMAGINING INDIA, REINVENTING INDIA - UNLOCKING THE TRUE POTENTIAL OF INDIA WITH SUSTAINABLE USE OF POWER AND RENEWABLE ENERGY
The Machinist

REIMAGINING INDIA, REINVENTING INDIA - UNLOCKING THE TRUE POTENTIAL OF INDIA WITH SUSTAINABLE USE OF POWER AND RENEWABLE ENERGY

Chief Guest Address by Shri RK Singh, Union Minister of Power and New & Renewable Energy, Government of India

time-read
2 mins  |
March 2024
THE FESTIVAL OF MANUFACTURING 2.0: CELEBRATING 10 YEARS OF MAKE IN INDIA!
The Machinist

THE FESTIVAL OF MANUFACTURING 2.0: CELEBRATING 10 YEARS OF MAKE IN INDIA!

The Festival of Manufacturing recently concluded its second edition at the Dr. Ambedkar International Centre in Delhi. The event celebrated India's vibrant manufacturing sector and the Make in India initiative, convening industry leaders to discuss progress and future visions. With over 1,200 attendees from conglomerates, ministries, MSMEs, startups, and more, it showcased India's manufacturing prowess across various sectors. Shri R.K. Singh, Union Minister of Power and New & Renewable Energy, Government of India, graced the event as Chief Guest and he credited government initiatives for the success of Make in India in his address.

time-read
8 mins  |
March 2024
CHARTING A TRANSPERENCY-DRIVEN FUTURE FOR GLOBAL SUPPLY CHAINS
The Machinist

CHARTING A TRANSPERENCY-DRIVEN FUTURE FOR GLOBAL SUPPLY CHAINS

The article discovers the impact of transparency, emerging technologies, and collaborative efforts in reshaping supply chain operations. From unveiling hidden costs to leveraging AI algorithms, explore the roadmap towards transparent, sustainable, and efficient supply chains.

time-read
2 mins  |
March 2024
INDIA'S LOGISTICS SECTOR: LEVERAGING TECHNOLOGY TO UNLOCK GROWTH
The Machinist

INDIA'S LOGISTICS SECTOR: LEVERAGING TECHNOLOGY TO UNLOCK GROWTH

The article sheds light on why the Transportation and Logistics (T&L) sector needs a comprehensive system overhaul, emphasising the importance of unifying data, enhancing customer experiences, and leveraging technology.

time-read
5 mins  |
March 2024
“URBAN ROPEWAY PROJECTS ARE A NECESSITY IN RELIGIOUS PILGRIMAGE TOWNS"
The Machinist

“URBAN ROPEWAY PROJECTS ARE A NECESSITY IN RELIGIOUS PILGRIMAGE TOWNS"

India, with its expansive landscape, has historically witnessed the prevalence of conventional urban transportation systems. In this interview, Anil Kumar Yendluri, Managing Director, Vishwa Samudra Group, initiates a discussion about significant urban transportation initiatives poised to transform India's landscape, emphasising the incorporation of green technology and eco-friendly infrastructure strategies.

time-read
4 mins  |
March 2024