‘Make in India’ set to revolutionise the face of Indian industry

January 13, 2016 12:39 pm

As per the current statistics, by 2020, India will be the fourth highest steel manufacturer in the world.
Dr. Arvind Patel, Managing Director, Sahajanand Laser Technology Ltd
 
 India has been gradually advancing in steel sector since last couple of years as steel is amongst highly utilised metal and the increase of its demand will bring huge benefit for metal forming industry.  Current scenarioAmidst the favourable conditions started making way for metal forming tool industry, Indian government gave the progress much needed momentum by ‘Make in India’ initiative. What the campaign has been essentially doing is distributing the progress in more balancing way. Prior to the aforementioned program, the metal shaping sector was facing the inharmonious growth and the gap amongst the high performing sections and low performing sections were tremendously high, so in larger picture it used to hamper the growth of entire sector.
The focus of ‘Make in India’ campaign is going to be the proliferation of small to medium size industries and that involves substantial amount of segments and sub segments of the metal forming industry. It reflects that, the drive is all set to revolutionise the face of all the Indian industry as, the government has determined to  transform the ecosystem across the industry right from small extending to big enterprises.
“As per the current statistics, by 2020, India will be the fourth highest steel manufacturer in the world. Automobile sector is also advancing considerably with 7.1 per cent contribution in GDP. Along with that, construction industry is earning second highest flow of FDI and improvising the infrastructure in the country, as both the industries are closely connected,” observes Dr. Arvind Patel, Managing Director, Sahajanand Laser Technology Ltd. 
Is it at par with global standard?The metal forming sector has been evolving since more than 100 years and the industrial revolution in many continents is a fair evidence of that gradual development. While the industrial revolution was taking place, the phenomena had vastly concentrated in some selective regions across the globe. Consequently some regions had to pass through immense technological struggle in order to match the pace. After many decades of striving efforts many other regions have proved their metal by technological advancement.
Patel remarks, “The collaborative efforts of Asian countries especially India, China and Japan, the global standards are achieved excellently.”
Opportunities and challengesWhen it comes to investing into business, the most feasible element is capacity. When it is enhanced, it tend to be advantageous for long while. That simple implication has brought down by Indian government with the inauguration of ‘Make in India’ campaign. The ‘Make in India’ is aiming to drive the splendid development to the base industries which supply the goods and material utilised in big sectors to manufacturing process. That is the case for metal forming industry as it delivers the raw goods to the enormous domains.

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