THE INDUSTRY IS IN CONSTANT SEARCH FOR technology solutions to the challenges it faces. A look into the advanced tools and technology trends in the industry tells you that India is aggressively looking to corner a role for itself as a global manufacturing hub and also aiming big on infrastructure.
Cutting tool industry which derives its demand from across a wide spectrum of sectors is looking forward to seize on the opportunity. Adoptive as they are, Indian manufacturers are looking at challenges at hand in meeting the expected demands and are constantly looking to address them through innovative technologies.
"We have seen a very high level of willingness to try and adopt technologies," says Jay Shah, Managing Director, Tungaloy India Pvt Ltd.
DEMAND DRIVERS
Cross-sectoral demand for advanced cutting tool makes the industry well placed to capitalise on opportunities in a growing economy.
"The end markets for drilling and boring tools for instance are highly diverse," says Prashant Shetty, Director Sales, Metal Cutting, Kennametal India Limited. With demand-driven by sectors as diverse as General Engineering, Transportation, Energy and Aerospace market, the demand for advanced cutting tools will continue to rise in the coming years, he feels. More so, because an efficient use of cutting tools impact the overall cost of manufacturing.
"We are very optimistic about the future and taking steps to capitalise on the potential opportunities in these segments," he enthuses.
Prashant Sardeshmukh, Managing Director, MMC Hardmetal India Pvt Ltd., includes sectors like railways, defence, die and mould, and medical engineering for the sturdiness of the growth. He particularly draws attention to automotive industry and heavy & light engineering sectors for the "phenomenal growth and technological advancements in the industry."
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