“Metal forming machinery manufacturing industry to be doubled by 2020”

By admin January 13, 2016 12:23 pm IST

In 2010, revenues of metal forming machinery manufacturing in India amounted to approximately $ 643 million. I expect the same to grow double by 2020.
Subramanya K, Head – Marketing & Communications, Kabelschlepp India Pvt Ltd
 Today, in India, around 55-57 per cent of the total machine tool industry requirements are being imported. (refer Table 1). It shows that there is lot of scope for Indian manufacturers to involve and get the benefit out of “Make in India” concept initiated by the government.
There is scope for investment and R&D to cater to the need of major industrial sector like automobiles, where production of small components play very important role. Present scenario is such that, without a major contribution from metal forming machine tools industry, production of these components is almost impossible.
At par with global standardSpeaking on if metal forming machine tools industry in India is at par with global standard, Subramanya K, Head – Marketing and Communications, Kabelschlepp India Pvt Ltd says, “We are at par with global standard, the fact is 75 per cent of the Indian machine tool producers are ISO certified and many machine tool manufacturers have also obtained CE Marking certification, in keeping with the requirements of the European markets.”