Machine Tools India opts for high-tech made in Germany
The German machine tool industry continues to arouse keen interest in India, as the economy is expected to pick up speed in the years ahead, with industrial production output and capital investment both rising.
For the fourth time in succession, the VDW (German Machine Tool Builders’ Association) has joined forces with the German-Indian Chamber of Industry and Commerce to organise one-day symposia in Chennai and Pune, India in March.
17 front-ranking companies like DMG Mori, Emag, Gehring, Gleason-Pfauter, Heckert, Heller, Hermle, Kapp, Leistritz, MAG, Mauser, Open Mind, Peiseler, Profiroll, Samag, Schwäbische Werkzeugmaschinen and Waldrich Coburg showcased their products, solutions and services for modern-day industrial production operations. Around 240 customers from the automotive industry and its component suppliers, the general mechanical engineering sector, and the aviation industry accepted the invitation in Chennai; 220 customers came to Pune.
“This is already the fourth occasion that the VDW has been represented in two cities at a time with its symposia in India. This has proved to be a good idea, because of the country’s size and its regional distribution of industrial activity,” explains Klaus-Peter Kuhnmünch, responsible for the technology symposia, VDW.
India’s machine tool market offers huge potential
According to the VDW, India came eighth in the world rankings for machine tools in 2015. VDW’s British forecasting partner, Oxford Economics, expects the Indian economy to pick up speed in the years ahead, with industrial production output and capital investment both rising. The machine tool market is predicted to expand by 9 to 10% in both 2016 und 2017. The growth of the Indian market is directly linked to improvements in the local infrastructures. “The slogan ‘Make in India’ is aimed at central investments on the spot, and creates ideal conditions for direct investments from abroad. We want to benefit directly from this welcome trend,” emphasises Gerhard Flores, Head of Technological Development and Patents at Gehring Technologies, Ostfildern, who was attending the VDW’s symposium.