Additive Manufacturing

NOV 2018

ADDITIVE MANUFACTURING is the magazine devoted to industrial applications of 3D printing and digital layering technology. We cover the promise and the challenges of this technology for making functional tooling and end-use production parts.

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AMT NEWS NOVEMBER 2018 Additive Manufacturing 10 CATEGORY: I International Business India is presently the world's sixth-largest economy and growing at 7 percent annually. In the last quarter it witnessed growth of 8.2 percent, the largest in the last two years. The re- cent implementation of structural tax reforms, a rising middle class and an ongoing increase in demand are all helping the economy build resilience and robust growth. The government's focus on "Make in India" is helping create new opportunities in the manufacturing area across the different sectors. New facilities are being built thanks to sustained growth in foreign investment. The index of industrial production and PMI are showing consistent positive metrics in this expanding economy. Machine tool consumption was $2.26 billion in the last financial year and is likely to touch around $3.5 billion by the year 2021. This represents a 25 percent growth year over year. The current demand for high-precision multitasking machines; micromachining equipment; and larger machines including presses, and forging and hot forming equipment is creating a need for foreign investment. These machines are used across dif- ferent sectors including infrastructure, power, railways, energy, defense, aerospace, automotive and process industries. The Indian automotive sector will see investments of $80 billion to $90 billion over the next seven to eight years. Peugeot and Kia Motors are in the process of setting up new plants in Chennai and Andhra Pradesh. Suzuki Motors will be investing $3 billion over the next three years to expand its ca- pacity in Gujarat and Manesar. Nissan is planning investments of around $2.5 billion to expand capacity at its Chennai plant. Similarly, Hyundai Motors is going to invest over $1 billion to expand its capacity in the same city. The construction equipment sector will grow from the present $4.3 billion to $10 billion in the next five years. The growth in this sector will be due to $450 billion of investments planned to boost infrastructure. In the railways sector, Bombardier is expanding capacity in two of its rail plants for domestic and export products. Alstom has invested in expanding its manufacturing facility to be able to supply 800 electric locomotives for the Indian railways. Electrical generation equipment demand is forecast to grow from the present $12 billion to $25 billion by the year 2022. Bharat Heavy Electricals, Thermax, Cummins, Mitsubishi Heavy Industry and ABB are investing to add capacity to their existing manufactur- ing plants. IMTEX Metal Cutting Expo is Southeast Asia's largest machine tool show and will be held from January 24-30, 2019, in Bangalore. AMT, along with 12 member companies, will be participating in the AMT/USA Pavilion, located in Hall 1B. If you are interested in this market, attendance at the show is strongly advised. For further information on these projects and other opportunities in India, please don't hesitate to contact me at Indian Economy: The Elephant on the Run By Arun Mahajan India General Manager AMT—The Association For Manufacturing Technology

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