Are SME’s in India ready for Industry 4.0?

The SME’s in India always want to play safe as they have a restricted mindset of using traditional tools and methods, which always gives them a certain level of productivity. For increasing their production, they prefer to increase their manpower rather than upgrading their equipment. They continue to be low value/high volume, focusing on commodity products and utilising low cost and low skilled labour. Small scales and margins have discouraged investments in technology which leads to boost in productivity and improve manufacturing quality.

The question arises that “are we ready to accept the changes through industry 4.0?” There will be some challenges for the manufacturing sector to adopt the disruptive technologies such as the IoT, cyber-physical systems or cloud-based manufacturing. Hence, it is very crucial to evaluate the Industry 4.0 readiness of industrial enterprises.
To overcome the challenges, SME’s require visionary decision-makers who can not only improve the skillset of …

SLTL talks about the Amtex expo and the current market scenario in the manufacturing industry

In conversation with Mr. Maulik Patel, Business Development-International, SLTL
About SLTL

SLTL which started in 1989 was previously known as Sahajanand Laser Technologies Limited. SLTL is a manufacturer of diamond processing machines with lasers, industrial laser systems, medical stems, renewable energy, solar thermal based equipment’s, radio frequency, and microwave absorbers. As a conglomerate, we are present in 30 countries, and we are growing at a rapid pace. We spend around 10% of our revenue every year on research and development.

In your opinion, what is the current market scenario?

The market scenario in India is growing at a good pace. There is stiff competition from imported machines like Chinese machines that are now penetrating the Indian market. These machines even though low in cost are deficient in quality. Even then, these machines are swiftly gaining a market in India, as the Indian machine tool buyer is mainly focussed on the price of the product rather than the quali…

A much appreciated Testimonial

Onward Technologies/Mastercam has been a key participant of the machine tool exhibition AMTEX Delhi for what seems like forever. Here we have the Vice-President of the Company Mr. Nitin Wakode talking about his experience about AMTEX Delhi over the years, and he also gives a view about his expectations from the next edition of the machine tool exhibition.

Influence of 'Make in India' on the SMEs in the country

At AMTEX Mumbai 2017 we had the privilege to talk to Mr. Arthur James, Senior Manager- Business Development at SME Chamber of India, Mumbai, Maharashtra. He gave us an overview about how the popular 'Make in India' initiative of the government has influenced the Small & Medium Enterprises in the country.
Take a look at the video here:

'Make in India' campaign

One of our Key Exhibitor, Mr. Maulik Patel, BD-International Sales of Sahajanand Laser Technology Ltd., talks about the impact of the 'Make in India' campaign and how it is impacting the machine tools market in India.

Want to explore the machine tool market further?
Sign-up for the 11th edition of AMTEX Delhi 2018 happening from 6-9 July 2018 across Hall Nos.- 7, 8, 9, 10, 11, 12 & 12A at Pragati Maidan, New Delhi, India.

Challenges in the Machine Tool sector

The manufacturing sector has always been a vital contributor to the GDP of any country, and it is no different in India. In fact, we can see that India is at the tip of high rate of industrialisation across the country.

The Gardner Machine Tool survey 2016 states that India imports 58% of the machine tools out of the total amount of machine tools it requires for domestic consumption. This means that we have a shortage of machine tool manufacturing companies that manufacture components and equipment, which have a ready market in our country. This is presently the biggest challenge that the machine tool sector of the country is facing.
How is this challenge being addressed? The machine tool industry is highly in support of the government’s ‘Make in India’ program, and believes that the initiative will boost the sector to help reduce the number of imports in the country.

Take a look at the Knowledge Paper developed by which talks about the challenges faced by the machine…

‘Make in India’ a Reality

India is on the road to make the country a manufacturing hub the popular ‘Make in India’ initiative of the government. The increase in development and growth in local manufacturers of capital goods has resulted as a key to achieving this goal of the country.
The Exclusive Whitepaper of Frost & Sullivan titles ‘Smart and Sustainable Manufacturing- The Changing Era of Indian Manufacturing’ states that the demand for machine tools in India is likely to grow at a CAGR of 15% annually, and roughly 60% of the demand is addressed by imports currently. Such high potential of the industry has given a boost the manufacturers of the Indian machine tool industry to expand and diversify their range and grow at an incredible pace resulting in reducing the imports of the country.

‘Make in India’ is today at its beaming glory as the initiative has become a reality, and the country is moving towards becoming stronger on building and developing new products and technologies.