Efficiently engineered manufacturing with Industry 4.0

By OEM Update Editorial March 7, 2020 10:24 am

Government’s investment in infrastructure is a huge opportunity for Indian manufacturing, as it creates growth prospects for the machine tools and sheet metal sectors.

Talking about the current market outlook which is transforming with technological innovations, AV Srinivasan, CEO, Meiban Engineering Technologies Pvt. Ltd., foresees extensive positive growth prospects in the sheet metal and metal forming market in India.

What kind of products have you launched at IMTEX 2020?
IMTEX 2020 was really good for us, as we got a lot of customer footfall and business was good. This time, we launched a complete automatic loading-unloading solution for shipment along with our CNC punching machine, which is a product that we usually exhibit at the expo. So, we have exhibited automation solutions as well as Industry 4.0 solutions this time.

Under the banner of Industry 4.0, what kind of opportunities do you see coming in to improve the sector expansion?
Industry 4.0 is not so much about expansion as it is about a solution for customers to collect data to improve their efficiency and productivity, reduce their downtime, and increase the uptime of the equipment and so on. According to me, it is still in the early stage. But it’s good and must be adopted.

How are the present trends in the automotive industry affecting your business?

What kind of technologies have you implemented in your products?
We provide a complete range of electric solutions, and we also use automation in server motors. So, these products are maintenance-free, their running cost is less, and also they are faster. Moreover, their accuracy levels are very high. Our range of electric solutions is also eco-friendly. All our machines have been certified as MF Eco machines in Japan. Moreover, we have adopted Industry 4.0 and a few other technologies, along with process net monitoring to enhance the efficiency of our products.

What are your market expectations for the next few years?
In the next three to five years, we want India to grow. We are positive about the next three years at least with regard to the country’s growth. We are training our employees and are also recruiting employees to some extent, as we do expect the market to grow especially this year.

AV Srinivasan, CEO, Meiban Engineering Technologies Pvt. Ltd.