German Machine Tool Industry Targets Indian Market

A spokesman for the German Machine Tool Manufacturers Association (VDW) in Frankfurt said to reporters: “Strengthening India’s market promotion is of strategic importance because the Indian market will maintain rapid growth both now and in the future. We need to expand the market in this fast-growing market. Share."

Conducting technical seminars to demonstrate the strength of German machine tools

The German Machine Tool Builders Association based on this thinking, with the support of the Indochina Chamber of Commerce (IGCC) in Mumbai, held a technical seminar in Chennai and Pune for the third consecutive year in March this year to demonstrate the technical strength of the German machine tool manufacturing industry.

Klaus-Peter Kuhnmunch, who is sponsored by the German Association of Machine Tool Manufacturers, said that the Indian economy has maintained a strong growth in recent years and the German machine tool manufacturing industry will continue to pay attention to the Indian market. In view of this, the member companies of the German Machine Tool Manufacturers Association also believe that it is of great significance to launch their products in India for the third consecutive year. He added: “The primary task of Indian economic decision makers is to promote industrial development and create job opportunities. To achieve this goal, India needs technologically advanced machine tools and equipment to rely on this to ensure successful industrial production.”

German machine tool manufacturers often delegate delegates to India. The Chennai seminar included 315 Indian guests. The Pune seminar included 360 Indian guests. Among them was a delegation of 20 German companies appointed by the German Association of Machine Tool Manufacturers.

IMTEXForming2010 emphasizes forming technology

The German machine tool manufacturing industry will pay close attention to the development of the Indian Machine Tool Manufacturers Association (IMTMA). As the highest industry association of machine tool manufacturing in India, the Indian Machine Tool Manufacturers Association recently decided to reorganize the International Form Technology Exhibition (IMTEX). The show attracts many countries including Germany, Switzerland and Italy every year. After the reorganization, the exhibition will take one year as the theme of "formation" technology and the theme of "cutting" technology in the next year. The Indian Machine Tool Manufacturers Association stated to this publication that this reorganization is particularly necessary because the forming technology is more and more important and it will help strengthen the market competitiveness of the Indian engineering industry.

Therefore, the first molding exhibition held in Bangalore in January this year was called IMTEX Forming2010. It aims to present the latest forming technologies in the fields of metal, plastics, and composites, ceramics and other engineering materials. These technologies are used in industrial products. The field has a wide range of uses. 2010 International Forming Technology Exhibition includes three pavilions: 2010 Metal Forming Technology, 2010 Polymer Forming Technology and 2010 Future Forming Technology. In the same period, the Indian Machine Tool Manufacturers Association also held the International Exhibition Tooltech2010, which specializes in the display of die heads, molds, forming tools, mechanical parts, metrology technology, CAD/CAM and other technologies.

Faced with fierce competition, the German machine tool industry performed quite well

Jayant Davar, president of the Indian Auto Parts Manufacturers Association, stated during the exhibition that the potential of the Indian auto industry is enormous. Currently, the company has annual sales of 45 billion U.S. dollars, and the fiscal year 2015-2016 is expected to reach 145 billion U.S. dollars. Germany faces competition from Japan, Italy and the United States, and it also faces competition from cheap products from mainland China and Taiwan. At the same time, Germany hopes that the weak euro will become the driving force behind the export of its machine tools.

In recent years, German machine tool trade with India has continued to grow. Although the overall economic recession led to a decline in German exports, the trade between India and Germany increased from the same period last year. While the European economy has experienced rollercoaster swings, India’s economy has remained strong, and India’s manufacturing industry has maintained steady growth, which in turn has triggered tremendous demand for the latest production tools and equipment. Therefore, the Indian market has always been attractive to the German machine tool manufacturing industry, and the future is no exception. Between 2004 and 2008, the total purchases of machine tools in India increased by 270 percent to 1.2 billion euros. Among them, most of the demand is met by the German machine tool manufacturing industry. The German machine tool manufacturing industry has maintained close ties with Indian companies. Many German companies have representative offices in several Indian states. Germany provides production technology for the Indian industry and is a global leader. In 2009, bilateral trade volume between India and Germany increased by 5.9% year-on-year. Last year, India’s imports increased by 4.4%, and its exports to Germany increased by approximately 52% to 15.5 million Euros.

As a supplier of machine tools, India still has a long way to go. It currently ranks 27th in the world of machine tool suppliers. However, India ranks the 9th among the exporters of machine tools in Germany. In the purchase of Indian machine tool products, Germany ranked fifth, second only to the United States, Belgium, Nigeria and the United Arab Emirates. In 2009, the types of German machine tools with large demand in India include gear cutting machines, grinding machines, boring machines, grinding beds and machining centers. Indian machine tool exports mainly include components and accessories, followed by milling machines and machining centers.

The German Association of Machine Tool Manufacturers stated that the economic crisis has led many German machine tool companies to get rid of excess "fat" and become more "strong and strong." At the German headquarters of the German Machine Tool Manufacturers Association, the mantra of the delegates was that the economic crisis had made the machine tool industry “downsizing” and more robust than before the recession. This is because after the financial crisis, German machine tool manufacturers surpassed rival Japanese companies. The decline in Japanese machine tool output was twice that of Germany and fell to about 5 billion euros. This output does not include parts and auxiliary equipment. Indeed, German machine tool builders have successfully weathered the difficulties and enjoyed a slight increase in global market share, ranking 7% ahead of Japan.

This year, the German machine tool manufacturing industry is expected to achieve a substantial increase in demand. Although the economic recession was serious, Germany successfully crossed the difficulties and restored confidence in 2010. Martin Kapp, chairman of the German Association of Machine Tool Manufacturers, said at the annual press conference: “Although we still face difficulties this year, we expect to see a substantial recovery in business in the second half of the year.” He cited a monthly increase in orders since September 2009. State, for the German machine tool manufacturing industry, export orders may be the first to recover. China and India, as well as Russia and Brazil, will provide strong impetus for the recovery of the German machine tool manufacturing industry.