Bangalore - July 16, 2014 - Siemens has announced the launch of operations at the Technology & Application Centre (TAC) at Peenya, the industrial area of Bangalore, Karnataka. This facility, the first in India by Siemens, will enable machine tool manufacturers and end users to improve productivity through testing machining techniques in real-world conditions. Spread across 6,500 sq.ft, TAC will allow Indian machine tool manufacturers and users to get a hands-on experience of the latest CNC technologies and solutions from Siemens and its partners. TAC will also organise knowledge sharing programs, provide application support and training to customers and educational institutes among many other initiatives.

In addition to demonstrations of Siemens SINUMERIK CNC controllers and CAD/CAM Solutions, the centre will also use SinuTrain, a simulation tool, for training users to gain higher productivity using technology-specific functions and features from Siemens.

The new TAC will also showcase how Siemens solutions and services for machine tools, drives and automation work together to optimise operational costs, maximize ROI, enable higher productivity and precision in key industries like automotive, automotive supply, aerospace, power and medical. The centre also houses Siemens Financial Services, an international provider of business-to-business financial solutions.

"The modernisation of Indian industries is creating growth opportunities for the machine tool industry. Bringing a differentiated product to the market in a cost effective manner is imperative for the success of our customers in today's competitive market. Siemens TAC, like other six Siemens TACs across the world, will function as a knowledge hub for cutting edge technology, as our customers and partners embrace newer machine processes and equipments," says Joachim Zoll, Global Head of Machine Tools business segment, Siemens.

According to Indian Machine Tool Manufacturer's Association (IMTMA), the current market size of the machine tool industry stands at US $ 2,050 million (around Rs 12,300 crore) of which the domestic production makes for only around 33% of the total consumption. Driven by demand from key end user segments, such as automobiles and consumer durables, the industry is fast moving towards increasingly sophisticated CNC machines. Indian machine tool manufacturers can easily tap into this growing demand by leveraging on innovative technologies for their production. This would help them achieve higher productivity and quality and also gain a competitive edge on a global scale.