FIBRO makes debut at IMTEX

January 13, 2016 12:32 pm

Our participation will help us to understand the industry needs and accordingly we will take those parts to manufacture in-house so as to offer most competitive solution.
Vivek Nanivadekar, Executive Director, Fibro India Precision Products Pvt Ltd
  Metal forming industry in India is at nascent stage as compared to developed countries. The largest customer of metal forming industry is automobiles sector which is hardly 20 years old after the opening up economy in 1990. The infrastructure for metal forming such as raw material, machine tools and know-how for tool making, surface treatment, inspection etc. is under development. The large portion of critical tools and even finished components are being imported even today. The investment required for producing the sheet metal components is quite high.
“Plastic industry is progressing faster than metal forming for the simple reason as the investment required is relatively smaller. Plastic is replacing metal for small and medium components. Most of the OEMs prefer to import the critical tools or finished components like skin panels from their established overseas supplier which is quite faster than developing those tools or components in India,” informs Vivek Nanivadekar, Executive Director, Fibro India Precision Products Pvt Ltd.
Due to fierce competition the ‘Time To Market’ (TTM) for new model is getting shorter and shorter. For that matter the manufacturing cycle time of any tool in India is quite longer as compared to any other country like Taiwan, Korea, and Japan. One of the main reasons for this longer time is absence of standardisation in raw material, hardware etc. Despite, India is also exporting lot of sheet metal components as well as finished products to other countries.
Bright futureNow with ‘Make in India’ drive lot of investment is coming and the technological gap is narrowing. The prestigious brands like BMW, Mercedes Benz have already announced their investment programmes in India which would offer the opportunities to domestic manufacturers to upgrade their facilities.

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