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Sandvik Coromant Reflects on India’s Manufacturing Surge in 2023

As of 2023, India’s manufacturing sector employs nearly 36 million people. This is no surprise considering that manufacturing production in India jumped 9.3 percent year-on-year in August 2023, up from 4.6 percent growth in the previous month.

THE EVOLUTION OF ROBOTICS

The evolution of robotics has been a fascinating journey. We take a closer look at the history of industrial robotics, the state of the industry currently and how robots might shape our world in the future.

WHEN THE ONLY OPTION LEFT IS SUCCESS

Our in-person attendance at the 2023 edition of EMO Hannover made us witness the ascent of India’s presence on the world economic stage. The resonating success of Indian exhibitors and the impressive footfalls of visitors from India seeking innovation at the world’s largest production technology show successfully captured the narrative of India’s transformative growth.

PUBLISHER’S NOTE

Dear Readers, As I write this note, I am glad to share that the Manufacturing industry in India is undergoing a holistic transformation with many industry sectors showing good growth.

CHARTING INDIA'S MANUFACTURING GROWTH

I am privileged to present this foreword to the readers of Modern Manufacturing India (MMI) magazine as the President of Indian Machine Tool Manufacturers’ Association (IMTMA).

Cobots Take Center Stage at EMO Hannover 2023

Automation is a topic of great interest to industry right now—and also a focus topic at EMO Hannover 2023, which will be opening its doors from September 18-23.

HERE COMES THE SUN

Reji Varghese explores how companies are using Laser Technology to harvest the power of the Sun…

REACHING BEYOND THE SKY

With the phenomenal success of Chandrayaan-3 making a soft landing on the surface of the Moon, India has become the first country to land a spacecraft near the lunar south pole. India stands fourth globally to have achieved this milestone in lunar exploration, after the US, China, and Russia.

PUBLISHER’S NOTE

Dear Readers, India has made a monumental stride in space technology with the successful launch of Chandrayaan 3. The world is now considering India as one of the leading countries in space technology. Along with advancing scientific research, India is also expanding its commercial operations in the Space sector involving the launching of satellites, joint exploration of resources on the moon and other planets, and providing space-related services to various nations.

MACHINE TOOLS DRIVE CAPITAL GOODS AND ECONOMIC GROWTH

It gives me great joy to inform readers that the Indian Machine Tool industry posted an increase in production growth figures in FY 2022-23. As per provisional estimates, the Indian Machine Tool industry production was around `12,328 crore (US$1.5 billion) and domestic consumption was around `24,536 crore (US$3 billion).


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