International Tooling Summit 2017 aims to enable Indian manufacturers to showcase their state-of-the-art technology, and qualitative products despite the lower cost of operations.
06 Feb 2017 | 4457 Views | By Autocar Professional Bureau
TAGMA INDIA, the apex body of the Indian tooling industry, is to host the second International Tooling Summit 2017 on February 9-10 at The Grand Hotel, New Delhi. The summit will see over 300 key policy makers, CEOs, MDs, manufacturing heads, purchase heads and business heads from the ...
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TAGMA INDIA, the apex body of the Indian tooling industry, is to host the second International Tooling Summit 2017 on February 9-10 at The Grand Hotel, New Delhi. The summit will see over 300 key policy makers, CEOs, MDs, manufacturing heads, purchase heads and business heads from the tooling industry attend the annual event.
The tool room industry forms an integral part of the production process in almost every industry and is considered to be the mother industry of all manufacturing units in the country. The rapid growth of industries like the automobile and automotive component sector, domestic appliances, consumer electronics and consumer durables sees growing demand for dies, moulds, tools and gauges. Also, the ever-shortening lifecycle of products, resulting from intense competition across industries, also warrants the development of new tooling devices and designs.
Expert-driven panel discussions
The two-day summit will host panel discussions with experts to address the industry’s growth challenges, meeting the skills gap through fellowships and focus on technologies in manufacturing tools, dies and moulds. The summit provides a great platform for tool and gauge manufacturers to share their efforts in helping the manufacturing industry in realising their potential. The tooling industry, which was earlier dependent on the automotive sector for the majority of its business, today also sees demand from the white goods, FMCG, electrical switchgear and PVC fittings industries while emerging segments like aerospace, defence, power, railways and heavy engineering are facilitating around 15-20% year-on-year growth.
Speaking on the announcement of the International Tooling Summit 2017, A Dayanand Reddy, president, TAGMA said, “The Tool and Gauge Manufacturers Association (TAGMA) has always taken up issues that are important in the larger picture. The tool and gauge manufacturing industry in India needs a platform to voice its efforts and achievements in raising the potential of the manufacturing industry.
"Hence, the International Tooling Summit will be a platform for international and national business leaders to get together, and share their opinion with industry delegates. This Summit is aimed at highlighting India as the future-tooling destination, thereby contributing to the growth of the Indian tooling industry. ITS 2017 is TAGMA’s endeavour to present Indian manufacturers a platform to showcase to the world their state-of-the-art technology, and qualitative products despite the lower cost of operations.”