International Tooling Summit 2017 by TAGMA India begins in New Delhi

Tool and Gauge Manufacturers Association of India (TAGMA), the Apex Body of Indian Tooling Industry successfully launched the 2nd International Tooling Summit 2017  at The Grand Hotel, New Delhi.

The two day summit was inaugurated by Chief Guest, Mr. Rajiv Gandhi, Executive Director, Production, Maruti Suzuki India Ltd, Guest of Honor, Mr. S K Arya, Chairman, JBM Group, and other Key Dignitaries Mr. Michael Walter - Managing Director, Buderus Edelstahl GmbH, Germany, Mr. A Dayanand Reddy - President, TAGMA India and Mr. R Sree Prakash - Vice President, TAGMA India amidst an august industry gathering.

The 2nd International Tooling Summit has brought together 300+ key Policy Makers, CEOs, MDs, Manufacturing Heads, Purchase Heads, Business Heads, etc. under one common platform, to discuss best practices and seek solutions to some of the most pressing challenges in the manufacturing industry. The Die, Moulds and Press Tool manufacturing industry has substantial multiplier effect on the domestic economy hence must be nurtured to become self reliant.

Speaking on the inaugural of International Tooling Summit 2017, Mr. Rajiv Gandhi, Executive Director (Production), Maruti Suzuki India Ltd. said, “India is a country full of opportunities and capable to unleash much more to the world. Manufacturing sector plays a very significant role in India’s GDP and for the sector to grow; the OEMs cannot do it all alone. There has to be an ecosystem where OEMs and Suppliers support each other and co-exist so that the overall growth objective is met. Both the OEMs and suppliers have to work very closely, hand in hand and day-in day-out to achieve the best results. I am sure it is possible by collaborating mutually and sharing the thoughts in a structured manner. Another important point which remains a challenge for all us is upgrading our capabilities to meet the global quality standards of the product – be it a tool or a car. Hence, we believe that this International Tooling Summit will try to bring focus on all these important issues and so that it is mutually benefiting all the stakeholders”

Speaking on the inaugural of International Tooling Summit 2017, A. Dayanand Reddy, Tool and Gauge Manufacturers Association of India (TAGMA) President said, “The Indian tooling industry is expected to grow further with government initiatives. Major OEMs in India are working on a plan for indigenisation of components getting into their main assemblies as per government guidelines. Policy reforms by government to make the procurement of tooling from indigenous sources will ensure growth in domestic production. Hence, to enhance the contribution of tool room industry to the growth and development of the Indian National

Economy and to encourage members to be progressive, this two day conference on tooling industry is an excellent platform for industry experts to get together, and share their opinion with industry delegate. With the union budget presented last week for total transformation of India and the GDP growth of 6.5% this year and forecast of about 8% for the next year, with various pro industry policies of the Central Government including MAKE IN INDIA program, let's hope all of us are poised for good business in the immediate future and in the years to come.”

With the intent of increasing the membership of TAGMA in the NCR and also to expand the networking among the members of Northern region, TAGMA is hosting the second edition of this summit in Delhi. Highlights of the event include power packed conferences on ‘Indian tooling Industry - Quest for Self-Sufficiency and end user perspective’, ‘3D Printing, 3D Scanning and Inspection for Tooling Industry’ and ‘Collaborative effort towards enhanced tooling productivity’. There are over 300 delegates including speakers and panel members who have participated in this summit.

There is also a special session organized on GST to get a complete insight of the policy/system. Officials from DHI (Govt. of India) are also speaking to shed lights on the schemes and policies which can be effective in the manufacturing sector.

For the panel discussion on 3D printing technology, there are eminent industry personalities to speak on the application of this emerging technology in tool rooms.

Despite various challenges, the tooling industry has managed to surge ahead in the last 10 years with diversification into several emerging areas. It has given a new lease of life to the sector with an expectancy of 15-20% year-on-year growth.