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`Tool units should adopt available software'
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The Brakes India MD said higher imports to meet the dies and moulds requirements in the country should be arrested and companies must improve competency.
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New tools Arrest imports to meet the dies and moulds requirement Companies should increase their competency.
Chennai
,
March 3
Indian tool manufacturing companies should adopt available software to enhance their business, according to Mr Viji Santhanam, Managing Director, Brakes India.
At the inauguration of the fifth Die Mould India International Exhibition, a four-day exhibition held at the Chennai Trade Centre, he said that the tooling industry has been growing between 10 and 20 per cent per annum in the last few years, but there is potential to double or even treble that growth if companies are able to reduce the delivery time.
Higher imports bad
The increasing number of imports to meet the dies and moulds requirement in India should be arrested and Indian companies should increase their competency and provide the requirement themselves, he said.
Mr S. Kalyanapur, President, Tool and Gauge Manufacturers Association , which is organising the exhibition, said that about 35 per cent of India's requirements of dies and moulds are imported.
He said that the exhibition would help Indian companies develop their competency because apart from business transacted, it would facilitate exchange of expertise.
More participants
The event will see 152 participants exhibit their products, which would include the complete range of dies, moulds, press tools, machineries, CAD/CAM systems relating to ties and moulds, machine and cutting tools and accessories.
The participants include 42 foreign companies from 11 countries including Australia, Japan, China, Malaysia, Phillipines and Pakistan.
Mr Kalyanapur told Business Line that the transactions this year are expected to exceed twice the amount that was transacted in the previous exhibition, which amounted to `a few thousand crores'.
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