India is strategically important market for Schuler

February 28, 2014 6:09 am

“The most important factor for Schuler is to remain present, active and look for the business opportunities out of this interesting market,” says Dilip M Thaker, Managing Director, Schuler India Pvt. Ltd.
Since 1994 as a wholly owned subsidiary, Schuler India has been active in India in almost all the key segments such as automotive, power (for large electric motor manufacturer), forging industry and minting (specialised field). In an exclusive interview, Dilip M Thaker shares why India takes a special place market amongst other emerging countries.
Brief us on the metal forming industry in India.Recently, while studying the statistical data about the overall machine tools consumption by different countries in the world, I found an interesting comparison.  China is the biggest consumer at around $700 billion and India stands at just $32 billion. This indicates two things: first, the manufacturing operation in China as a market and second, sustainability of this market. Therefore, India would remain a very interesting market and has huge potential to become the manufacturing centre as the economy develops.
How is the current demand-supply scenario?At the moment, the metal forming industry in India heavily relies on the imports. Nearly 70 per cent of the metal forming equipment required in the country are imported.
Industrial manufacturing sector in India is struggling with multiple bottlenecks. According to you, what solutions should be implemented immediately to see a turnaround in the industry?Well, it’s a very complex question! As you know the general election is expected very soon in India. Regardless of the party who wins the election, the basic reform process must be expedited, and concrete steps must be taken to boost the investment to turnaround the industry.

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