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OEM Update
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Fein to launch magnetic core drilling series at IMTEX

January 13, 2016 12:30 pm

The Indian market is global already, and we must figure out how to fit into this new market, and prosper.
Ameer A Munaff, Managing Director, Fein Power Tools India Pvt Ltd
  The year 2016 looks cautiously optimistic for the metal industry. This has been the sentiment for the past few quarter, as most companies expect sales and profitability to increase yet remain concerned about the increased activity. Increased sales also may require additional capital expenditures. Most companies have increased their capital expenditures in the last couple of years in order to meet the demands of increased activity.
Demand is driven by a variety of forces, from introducing new products in the market to the transition to more apt manufacturing operations. “On the metal forming front, we see the quickening pace of innovation, investment in new manufacturing technology and the demand for skilful workforce, altogether predicts a better year for the metal industries in India,” believes Ameer A Munaff, Managing Director, Fein Power Tools India Pvt Ltd.
Indian market is globalMunaff believes India has industries which thrive on the quality of the products global counterparts manufacture and these companies will indirectly promote the importance of improving global competitiveness for Indian metal forming companies.
he says, “The manufacturing companies that will survive and prosper in a global market must have the best raw material inputs and most economical manufacturing methods that is available in abundant and all that is needed is the mind-set to improve and set new standards. As there’s a lot of foreign investment happening in the manufacturing segments, there are expectations to deliver the best.”

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