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Market for Robots to rise 4.2%

New Delhi, Jan 10

The world market for industrial robots is projected to rise by a yearly average of 4.2 per cent going up to 139,300 units in 2010 and in India the industry is expected to grow by 2-2.5 times of the global average. The expo will witness launch of several new robots. Speaking at the first Robo Expo 2008, organised by Confederation of Indian Industry (CII), concurrent to the ninth Auto Expo, Mr Rajive Kaul, Past President, CII, said the industry is on a growth mode. The Robo Expo, being held from January 10-17 showcases world leaders of Robotics and Automation such as ABB Ltd, Hi-Tech Robotic Systemz, Kuka, Motoman Motherson Robotics Ltd, Panasonic, Precision Automation and Robotics India Ltd, Rhythmsoft and Rockwell amongst others. – Our Bureau

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