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Leading Indian fabricators are expected to make investments worth over Rs 2,100 crore in new generation welding equipment over the next three years.
The Indian Institute of Welding (IIW), which represents the country’s Rs 5,200-crore welding industry, said here on Tuesday that the departments expected to make capital investments include Defence, Indian Railways, shipbuilders, power generators, automobile manufacturers and major players in infrastructure and construction.
These new automated welding equipment integrate seamlessly with the production lines reducing power consumption and welding time by 50 per cent. This would lead to savings of 20-30 per cent in average welding costs and recovery of investment in 40 months, PK Das, President, IIW, said.
IIW will soon host the International Congress of the Paris-based International Institute of Welding, wherein more than 125 welding scientists, academicians and practitioners are expected to share their knowledge on emerging welding technologies, with over 2,000 Indian participants.
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