Siemens opens technology centre for machine tools in Bangalore
The centre will allow Indian machine tool manufacturers and users to get a hands-on experience of the latest CNC technologies and solutions from Siemens and its partners
BS B2B Bureau B2B Connect | Mumbai
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The new TAC will also showcase how Siemens solutions and services for machine tools, drives and automation work together to optimise operational costs, maximise ROI, enable higher productivity and precision in key industries like automotive, automotive supply, aerospace, power and medical. The centre also houses Siemens Financial Services, an international provider of business-to-business financial solutions.
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According to Indian Machine Tool Manufacturer’s Association (IMTMA), the current market size of the machine tools industry stands at $ 2,050 million (around Rs 12,300 crore) of which the domestic production makes for only around 33% of the total consumption. Driven by demand from key end user segments, such as automobiles and consumer durables, the industry is fast moving towards increasingly sophisticated CNC machines. Indian machine tool manufacturers can easily tap into this growing demand by leveraging on innovative technologies for their production. This would help them achieve higher productivity and quality and also gain a competitive edge on a global scale.
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First Published: Jul 16 2014 | 2:51 PM IST

