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India will become a key player in the global machine tools industry
Wendt India draws its technological superiority from Wendt GmbH which is a part of Winterthur Technology Group (WTG ) Switzerland and sound and ethical management practices from Murugappa Group. While Wendt GmbH is the pioneer in super abrasive tooling solutions and high precision grinding machines for insert grinding and steel industries for over 8 decades, the 100 year Murugappa Group is the market leader in diverse businesses such as engineering, abrasives, finance, general insurance, cyclesRead more
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ACMA participated at the 16thAutomechanika Dubai 2018
Auto Component Manufacturers Association of India (ACMA), the apex body representing the interest of Indian auto component industry with the support of ‘Ministry of Commerce’ participated at Automechanika Dubai 2018 for the 5th straight editionRead more
Robotics: Will auto component suppliers drive the market?
While auto OEMs are prime drivers of robots in India, their suppliers (tier-1, 2, 3, 4) are also investing in advanced robotic technology to maintain their competitive edge and scale new heights.Read more
National Capital Region: A model for cluster development
Even though manufacturing sector participation has declined, it remains as one of the primary employment generators in the overall NCR economy, according to Dr Sangita Singh and Mansi Chaudhary.Read more
Outlook for Indian rubber industry is positive
Rubber finds application in number of products, which are used in all industries. India is the third largest producer and fourth largest consumer of natural rubber in the world and also the fifth largest consumer of natural rubber & synthetic rubber put together. In this interaction with IPF, Kamal K Chowdhury, President, The All India Rubber Industries Association (AIRIA), discusses latest demand trend and India’s position in the global rubber industries market.Read more
GST: A structural reform propelling India's growth story with greater compliance
With Goods and Services Tax (GST) becoming operational from July 1, 2017, the whole government machinery is working day & night to ensure smooth roll out and efficiency at every step. While there are no two opinions about the long term benefits of the one-tax regime, there are concerns being raised by the industry with respect to implementation and initial compliance issues. Let’s look at the positive side first.Read more
Auto Components Industry on a roll
Combined with a proactive government policy and the increasing investments by OEMs, there are several triggers which will push the Indian auto component industry to a new high. Read more