Make in India: Booster of machine tools industry
Mrs. Kelkar Director (Sales & Marketing) Grind Master Machines Pvt. Ltd.
“Machine tools and automation is expected to be very robust with 0 down time and lower maintenance cost. The concept of “Total cost of ownership” is catching up very fast within India.”
Q. What trend will drive machine tools industry in near future ?
You can see a clear cut trend for fully automatic machines and factory automation. The customers are also interested in complete solutions which comprises of the machine, the tools and the process of manufacturing. Customers want the machine tools that are flexible and can be easily tooled up for another type of component. The set up change time should be minimum as the need to quickly change over and produce another variety based on their market demands. Machine tools and automation is expected to be very robust with 0 down time and lower maintenance cost. The concept of “Total cost of ownership” is catching up very fast within India.
Q. What is the impact of Union budget on the industry ?
The budget hints that Retrospective taxation will not be there & this will give feeling of security to the foreign investor. They will get the feeling of Stability which will help in getting more foreign investments. Various Exemptions will be removed & corporate tax will be brought down to 25% from 30 %. Such clarity & simplicity in tax laws will help not only foreign investors but also Indians to focus on improving their operational profitability rather than increasing the profits by working around the vague tax laws. The announcement of GST by April 2016, is the absolutely welcome step/initiative. This will go a long way in enhancing Business environment & will certainly simplify Business Process. They have also announced Business Portal which is expected to give certain approvals on line. Now, how they execute this needs to be seen. Good Execution of all these declarations will make “Doing Business in India” easy & will give a large boost to Domestic as well as foreign investments & Industry.
Q. What are the remedies do you suggest to improve the positioning of the industry you are into ?
Prime Minister has taken the “Make in India” initiative which is expected to give a boost to the Capital Goods Industry. It is difficult to do this quickly & one should not expect dramatical results in one year.. The Prime Minister has met most of the CEOs of top 500 companies worldwide to promote MAKE IN INDIA & it shows extreme hard work & commitment towards this campaign. Industry believes that this initiative will give Boost to the Indian Economy. Capital Goods industry should step up the production capacity in order to keep the delivery times within the expected limits of the buyers. This Make in India initiative has also opened up several opportunities of cooperation and Technological Partnerships and machine tool industry should take the benefit of this.
