Taiwanese companies are eyeing the Indian market with companies now offering cutting-edge products to India’s manufacturing sector.
Machine tools include lathes, boring bars, milling cutters, grinding machines and many other instruments, which are used to cut and shape metals or other rigid materials.
The Taiwan External Trade Development Council and Taiwanese machine tool makers have showcased industrial equipment at the ongoing Delhi Machine Tool Expo and said these can “contribute in the Make in India initiative".
Seeking to tap the huge Indian market, Taiwanese machine tool makers are offering their cutting-edge products for this country’s manufacturing sector, which is being aggressively promoted by the government.
The Indian Machine Tool Manufacturers’ Association (IMTMA) is to hold the second edition of its northern regional show — the Delhi Machine Tool Expo from August 10-13 at Pragati Maidan in New Delhi.
The expo this time will also focus …
Inside almost every machine made by Taiwan’s top machine tool brands such as TONGTAI and FFG, one can often find numerous key parts made by Taiwanese parts makers. In fact, Taiwan’s machine tool parts manufacturers have played indispensable roles in the success of Taiwan’s machine tool industry.
Driven by improving demand and steady global economic recovery, the nation’s manufacturing output in terms of revenue is expected to grow 3.87 percent to NT$17.54 trillion (US$576 billion) this year, the Industrial Technology Research Institute’s (ITRI, 工研院) Industrial Economics and Knowledge Center (IEK, 產業經濟與趨勢研究中心) said yesterday.
The forecast was 0.67 percentage points higher than IEK’s previous estimate in April of 3.2 percent growth.
The government should be more pragmatic when encouraging local machinery makers to develop “smart machinery” technologies, Hiwin Technologies Co (上銀科技) chairman Eric Chuo (卓永財) told a forum in Taipei yesterday.
Only through close integration of robots, Internet of Things (IoT) and artificial intelligence (AI) applications can the manufacturing sector manage to achieve maximum smart production synergy highlighted in the upcoming era of Industry 4.0, according to an industry expert.
MTA VIETNAM 2017 will be held from July 4 to 7 at the Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City. This year, 32 Taiwanese machine tool makers will be exhibiting at the show, which also makes this the largest ever group of Taiwanese exhibitors to join the event.