Budget will have a positive impact on robotics industry: Pradeep David

With efforts on to make India an electronics manufacturing hub, the government announced in the budget that the total investment in the sector has now reached Rs 1,20,000 crore. This announcement will be a powerful growth engine for robotics companies. Investment in the electronics sector is sure to trigger an inspection and assembly related market for robots. 

The growth of the global industrial robotics market is driven by many factors, of which the need to reduce manufacturing cost in industries is one of the main drivers. Industrial robotics aids companies in reducing the cost due to product failure and product wastage.