Recovery and Review: Heavy Engineering Equipment and Machine Tools Business in India | OEM Update

October 11, 2021 10:46 am

The Machine Tool industry is considered as the mother industry as it supplies machinery for the entire manufacturing sector. The anufacturers of machine tools are mostly SMEs, few of them are mid-sized manufacturers which have an annual turnover varying between Rs. 300-500 crore.

Heavy Engineering and Machine Tools Sector consists of Capital Goods Industry. Prominent sub-sectors of Capital Goods Industry are Machine Tools, Textile Machinery, Construction and Earthmoving, Construction
and Mining Machinery and other heavy industrial machinery such as Cement Machinery, Rubber Machinery, Metallurgical Machinery, Chemical and Fertilizer Machinery, Printing Machinery, Dairy Machinery, Material Handling Equipment, Oil Field Equipment, Paper Machinery etc. These industries are de-licensed and foreign direct investment (FDI) up to 100 percent under automatic route as well as technology collaboration is allowed freely.

Heavy equipment and machinery engages heavy-duty vehicles, which mostly involve construction tasks. This comprises five equipment systems: implementation, traction, structure, power train, control and information. Few equipment use hydraulic drives as a primary source of motion. Pandemic broke construction equipment manufacturing due to lockdown imposed on many of the sectors.

On this note, OEM Update hosted a round table conference on ‘Recovery and Review: Heavy Engineering Equipment and Machine Tools Business in India’ on 22nd September 2021, where leaders from the Heavy Equipment and Machinery discussed about the vibrant industrial market, automation, trends, and increasing infrastructure opportunities for Heavy equipment and machinery industry.

Panel Speakers:
Mr. V. Sekar from BEML
Mr. Saurabh Kulkarni from B&R Automation
Mr. Mukund V. Puranik from Universal Engineering Consultants
Mr. Kiran Kambhampati from Breakthrough Management Group International (BMGI)