German machine tool manufacturing targets the Indian market

by:Gewinn     2022-05-21
A spokesman for the German Machine Tool Builders' Association (VDW) in Frankfurt said recently: 'Strengthening the Indian market is strategically important because the Indian market is and will continue to grow rapidly. We need to expand our market share in this fast-growing market. Based on this strategic idea, the German Machine Tool Manufacturers Association, with the support of the Indian-German Chamber of Commerce in Mumbai (IGCC), held a technical seminar in Chennai and Pune in March this year for the third consecutive year to showcase the advantages of German machine tool manufacturing. Technical strength. Karas, who hosted the seminar of the German Machine Tool Manufacturers Association, said: India's economy has maintained strong growth in recent years, and the German machine tool manufacturing industry will continue to pay attention to the Indian market. Member companies of the German Machine Tool Builders' Association also consider it significant to launch their products in India for the third consecutive year. He added: 'India's economic policy makers' top priority is to promote industrial development and create jobs. To achieve this, India needs technologically advanced machine tools on which to ensure successful industrial production.' Traders often send representatives to India. The Chennai seminar was attended by 315 Indian guests and the Pune seminar was attended by 360 Indian guests, including a delegation of 20 German companies appointed by the German Machine Tool Builders' Association. The Indian Machine Tool Manufacturers Association, the top industry association for the machine tool industry in India, recently decided to restructure the International Forming Technology Exhibition (IMTEX). This exhibition attracts many countries including Germany, Switzerland and Italy to participate in the exhibition every year. After the reorganization, the exhibition will focus on 'forming' technology one year and 'cutting' technology the next year. The Indian Machine Tool Builders Association said: The reorganization is particularly necessary because forming technology is increasingly important and helps to strengthen the market competitiveness of the Indian engineering industry. Therefore, the first forming exhibition held in Bangalore in January this year, called IMTEX Forming 2010, aims to showcase the latest forming technologies in the fields of metals, plastics and other engineering materials such as composite materials and ceramics. The product field has a wide range of uses. The 2010 International Forming Technology Exhibition includes three major exhibition halls: 2010 Metal Forming Technology, 2010 Polymer Forming Technology and 2010 Future Forming Technology. At the same time, the Indian Machine Tool Manufacturers Association also held the Tooltech2010 International Exhibition, which professionally displayed technologies such as die heads, molds, forming tools, mechanical accessories, measurement technology, and CAD/CAM. Jayant Davar, president of the Indian Auto Parts Manufacturers Association, said during the exhibition: The Indian auto industry has huge potential, and the current annual sales amount to 45 billion US dollars, and the 2015-2016 fiscal year is expected to reach 145 billion US dollars. Germany faces competition from Japan, Italy and the United States, as well as competition from cheaper products from China and Taiwan. At the same time, Germany hopes that the weak euro will become the driving force behind its machine tool exports. In recent years, German machine tool trade with India has continued to grow. Trade between India and Germany grew year-on-year last year, despite the general economic downturn leading to a decline in German exports. While the European economy has experienced a roller coaster of volatility, the Indian economy has remained strong, and Indian manufacturing has maintained steady growth, which in turn has triggered huge demand for the latest production tools and equipment. Therefore, the Indian market has always been attractive to the German machine tool industry, and the future will be no exception. Between 2004 and 2008, the total purchase of machine tools in India increased by 270% to 1.2 billion euros. Among them, most of the demand is met by the German machine tool industry. The German machine tool industry has always maintained close ties with Indian companies, many of which have representative offices in various Indian states. Germany is a global leader in providing production technology to Indian industries. In 2009, the bilateral trade volume between India and Germany increased by 5.9% year-on-year. Last year, India's imports rose 4.4%, while exports to Germany rose about 52% to 15.5 million euros. As a machine tool supplier, India still has a long way to go and currently ranks 27th among the global machine tool suppliers. However, among German machine tool exporters, India ranks 9th. When it comes to purchasing machine tool products from India, Germany ranks 5th, after the United States, Belgium, Nigeria and the United Arab Emirates. In 2009, the types of German machine tools in high demand in India included gear cutting machines, grinding machines, honing machines, grinding machines and machining centres. Indian machine tool exports mainly consist of components and accessories, followed by milling machines and machining centers. The German Machine Tool Manufacturers Association said: The economic crisis has allowed many German machine tool companies to get rid of excess 'fat' and become more 'stronger'. At the headquarters of the German Machine Tool Builders' Association in Frankfurt, the mantra of the delegates was that the economic crisis has made the machine tool industry 'skinny' and stronger than it was before the recession. That's because German machine tool makers outpaced rival Japanese companies after the financial crisis, and Japanese machine tool production, excluding components and ancillary equipment, fell twice as fast as Germany's, to around 5 billion euros. Indeed, German machine tool manufacturers have successfully weathered the storm, with a slight increase in global market share, ranking 7% ahead of Japan. This year, the German machine tool industry is expected to achieve a substantial increase in demand. Although the economic recession was severe, Germany successfully weathered the storm and regained confidence. 'Although there are still difficulties this year, we expect to see a substantial recovery in business in the second half of the year,' Martin Cape, president of the German Machine Tool Builders' Association, said at the annual press conference. He cited the order volume since September 2009. It is believed that for the German machine tool manufacturing industry, export orders may be the first to recover. China and India, as well as Russia and Brazil, will provide a strong impetus for the recovery of German machine tool manufacturing.
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