Promotion of local manufacturing will boost entire manufacturing sector

By OEM Update Editorial January 3, 2022 4:33 pm

We all will see in the near future, large scale manufacturing units will be established, generating large employment opportunities. 

What trends do you expect from IMTEX 2022? 

As people are getting vaccinated, the environment has been rejuvenated & economies have been rebooted. We expect IMTEX & IMTEX FORMING 2022 to be very successful as it will be held after a gap of two years. 

India is emerging as the manufacturing hub of the future. With Government of India’s initiatives like Make in India And Atma Nirbhar Bharat industry trends are changing. Digital manufacturing; Industry 4.0; Additive manufacturing to name a few will be core of upcoming show. It will be worth it to see, experience and witness these futuristic manufacturing trends. 

What new features, products, tools and manufacturing technologies are expected to get displayed? 

As the world is moving towards automation and intelligent manufacturing, we expect IMTEX 2022 to showcase – 

• Advance, intelligent, automated / robotic, user-friendly and efficient machine tools
• High productive, innovative cutting and forming tools 
• Smart manufacturing solutions. 

How the Indian manufacturing sector is growing 

On one hand, the year 2021 saw the disastrous second wave of Covid and on the other, a never-before optimistic growth in the manufacturing sectors. We have already seen Manufacturing has emerged as one of the high growth sectors in India during the same period. We all know the potential this country has to become a global manufacturing hub by 2030. 

With the rising new edge technologies, tech-driven business offering, changing geopolitical equations, the overall economic scenario in the country should remain positive and huge domestic demand fueled by the world’s largest middle-class population will keep India’s growth story thriving. All in all, I am sure that India is well positioned to attract foreign investments and government’s various initiatives like PLI Schemes, high focus on infrastructure developments of roads, railways, metro, airports and urbanisation-smart cities etc., also modernization of defence and aero industry to promote local manufacturing will surely boost the entire manufacturing sector. 

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“Make in India” and “Atma Nirbhar Bharat” are great moves by the Government of India to enhance domestic output and reduce the import dependency. In 2020, it made 10 sunrise sectors eligible for PLI scheme. Auto, aerospace, defence, medical, pharmaceutical, telecommunication, textile, processed food, white goods, batteries, electronic products and specialty steels will be the biggest beneficiaries of all. 

We all will see in the near future, large scale manufacturing units will be established, generating large employment opportunities. 

Post pandemic, what innovations have taken place in your business? 

Pandemic induced lockdown & compelled us to rethink the way we do business, priorities to get business back on track and seize new opportunities. 

Post pandemic induced lockdown resulted in digital transformation, made permanent changes to our organisational strategy & digitalization to improve customer experience. 

What areas in your business do you aim to improve through your prediction of IoT trends? 

The Internet of Things (IoT) has become an integral part of smart manufacturing. It was always about big data and automation. As the technology proved its impact, it progressed further and created new IoT trends in manufacturing. 

We aim to use IoT to improve customer experience, reduce delivery time and work toward smart manufacturing. 

Transition to Industry 4.0 is still in its nascent stage and companies are eyeing focus on industry 5.0. 

Industry 5.0 aims to provide a new way of understanding industry manufacturing focusing on productive, commercial, and economic consequences. Industry 5.0 carries all the improvements that have been generated by the previous industrial revolution. 

IMTEX and IMTEX Forming 2022 will showcase the latest products in the Additive Manufacturing, Industry 4.0 & Digital manufacturing, it will encourage all visitors to see, experience and witness these futuristic manufacturing trends.