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Taiwan Machinery Industry Opportunities in the India Market

7/14/2020

 
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In 2018, India was the fourth-largest exporter of Taiwan's machine tools, with an export value of 158 million US dollars, an increase of 43.6% from 2017. From January to November 2019, India jumped into the third-largest exporter of Taiwan's machine tools, with a total export value of 128 million US dollars, A decline of 8.8% over the same period last year, of which metal forming machine tools accounted for 28%.
In response to smart machinery and smart manufacturing, metal forming machinery has been introduced into virtual reality (VR) displays. The entire automation plant has been built using 3D models. The rapid mold change system can be seen in the entire plant automation operation. Also, it can be combined with networking technology to instantly control the status of the equipment and provide customers with visual functions.

Taiwan’s machinery industry has more than 70 years of manufacturing experience. For new materials, such as carbon fiber or composite materials, such as aluminum alloys and servo motors, it is in line with green energy manufacturing. The servo system can be multi-tasking, reducing equipment investment costs, and providing customers with production line wisdom. The management system and the most effective molding and mass production technology are expected to become one of the best partners for manufacturing in India in the future.

The Indian government has announced that by 2030 it will only be allowed to sell electric vehicles. The demand for electric steam locomotives will drive orders for machine tool equipment. Through this exhibition, it is hoped that more Indian market trends and information will be collected to increase Taiwanese manufacturers’ Cooperation between Indian customers.

India is the ninth-largest producer of machine tools in the world and the seventh-largest consumer of machine tools in the world. India has become one of the world's best places for foreign investment. It has promoted the "Made in India" policy in recent years and is expected to drive the development of manufacturing.

The average annual consumption in India is about US$ 2.88 billion. Nearly 60% of the consumer market's demand is imported from abroad, and only more than 40% of the products are provided by local machine tool manufacturers. The main importing countries are Japan, China, and Germany, and Taiwan is the fifth largest importer of Indian machine tools. As far as the machine tool application industry is concerned, the Indian automobile industry is naturally the primary goal, and the output value of the automobile manufacturing industry accounts for more than 7% of the overall GDP. Therefore, when locating the machine tool market in India, Taiwan machine tool manufacturers can first investigate the processing methods of the country's "auto parts" manufacturing industry to understand the machine tool specifications, processing accuracy, and reliability required by the country's application industry. To find out the opportunity to cut into India by market segment.

India has become one of the best places for foreign investment in the world. Since the adoption of liberalized economic policies in 1991, India has opened up foreign investment as one of the important policies. In terms of GDP composition, investment and domestic demand are to promote India's economic growth. Although there is still a considerable gap between India and mainland China in terms of infrastructure, investment environment, foreign investment attraction, and manufacturing development, recent problems such as overcapacity and labor shortages caused by China’s excessive investment have emerged. Looking up, India, with its huge labor force and market, seems to be likely to become the new global manufacturing center after China. It is arguably one of the most high-profile economies in the world.
In addition to mainland China, India is a dazzling market. India’s industrial development is just at the beginning and is developing in the direction of enhancing product competitiveness. India’s national policy is to improve the infrastructure of the automotive industry, durable goods, electronics, and other infrastructure. The future manufacturing industry The proportion will increase from 15% to 25%, and its huge business opportunities will drive the vigorous development of the machine tool market.

Indian Machine Tool Industry Development
In the past 60 years, the Indian machine tool industry has been developing for a long time. In 2011, it ranked 12th in the world's total production, and it also can manufacture various machine tools, especially CNC machine tools. In the past two decades, India’s design strength and all current products are the results of the design and development efforts of Indian machine tool industry manufacturers. Nonetheless; the Indian machine tool industry lacks strong R&D, so it needs to drive the research and development of the latest technology to compete with foreign advanced countries. The lack of R&D has resulted in the Indian machine tool industry losing nearly 70% of its domestic market occupancy and replaced by foreign manufacturers. The requirements of modern machine tools are mainly productivity, precision, reliability, and processing and formation of new materials. All the most famous Indian machine tool manufacturers also focus on these major aspects of machine tools in their research and development.
Power improvement. The design concepts and functional improvements of several new machines are assisted by professional international manufacturers in the development of one or other machine types and have had good results. Most of the technologies developed are from Germany and Japan. Germany and Japan are All have a long history of the development of machine tools and strong research and development capabilities in the world. The development of Indian machine tools must have significant progress in productivity, precision, and reliability before it can effectively drive the development of Indian manufacturing.

The Indian government's "Made in India Policy" attracts foreign manufacturers to invest in India. Global manufacturers are also looking forward to grasping the intermediate financial business opportunities for machinery equipment and components. India's labor costs are already low, but the average level of education is still low. New factories or factories Machinery is being replaced, and it is expected to purchase models with a higher degree of automation. Providing highly automated equipment and increasing the degree of customization of machine equipment are also in line with the industrial 4.0 intelligent equipment advocated by major machine tool machinery manufacturers in various countries. The first step of the overall solution.

In 2017, India imported 1.414 billion US dollars of machine tools from the world, an increase of 8.17% from 2016. It is also the world’s largest tractor manufacturing country, the second-largest bus manufacturing country, and the third-largest heavy truck manufacturing country. The purchasing demand will increase year by year. At present, Taiwan's machine tools are the fifth largest exporter in the world. They are deeply trusted and recognized by the world's well-known automobile brand processing manufacturers. Considering that global automobile manufacturers regard India as an important production base.

The core goal of the Indian machine tool industry: "The Future is Collaborative" is an India that attempts to replace mainland China and become the world's factory. The first thing to enter Industry 4.0 is to actively transform into the stages of automated production, digitization, and visualization. In this exhibition, the "Industrial Robotics and Automation Special Hall (HALL-E)" was specially established to show the strength and determination of Indian industrial automation. It is only after reaching this short-term goal that we move towards the three elements that make up a smart factory: self-regulating smart machines, networked smart production, and web-enabled smart service; and in terms of smart machinery, people Machines with machine collaboration, human-machine interface, and self-adjusting production conditions and collecting production data already exist, and the data collected from production is provided in each production to achieve the most suitable production conditions and achieve stable product quality, and through Remote control, monitoring, or predictive maintenance to solve customer defects in manufacturing and improve the defect rate, or adjust production processes at any time to meet customer needs, to adapt to the current rapidly changing consumer market, and service the original manufacturing industry, It is a transformation issue that India's local manufacturing industry needs to face urgently.

After Germany shouted Industry 4.0, the major industrialized and manufacturing countries in the world have followed up. The digital, networked, and automated production methods of the machines, plus the collection of big data, real-time analysis, and feedback information, and the M2M dialogue, let The production process can reach the level of unmanned or even turn off the lights. However, as far as India is concerned, the current manufacturing industry generally still needs to transform into digital, and then introduce automated production lines. With industrial robots, robotic arms, and collaborative robots, the manufacturing method from labor-intensive to technology-intensive, laid the vision for the future of Industry 4.0 solid foundation.
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Reference: market-prospects、udn

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