<p>Integrated technology solutions major Siemens has launched its first Technology and Application Centre in India to train individuals in understanding high-end technology and apply it in its manufacturing operations.<br /><br />With the current market size of the Indian machine tool industry at $2.1 billion as per the Indian Machine Tool Manufacturers’ Association (IMTMA), and domestic production comprising only 33 per cent, TAC strives to provide progressive technological facility and training programmes to raise the productivity on engineering and machinery sides. <br /><br />Joachim Zoll, Global Head of the Machine Tools business segment of Siemens, said, “Fresh engineering graduates along with professional experts from diverse component manufacturing teams will be given in-depth analysis of machine tool building using Siemens ‘Sinumeric’ Computer Numeric Controls (CNCs) to fasten production of quality end products.”</p>.<p>Despite ranking seventh in machine tool consumption globally, India stands 11th in terms of production due to productivity and investment constraints.</p>.<p> Propelled by the motive to increase domestic production capacity by a cumulative average growth rate (CAGR) of 25 per cent by 2017, an evaluated investment of Rs 10,000 crore needs to be made, Joachim said. <br />“This will be the seventh facility worldwide after Germany, Italy, Turkey, China, Taiwan and Korea strategising to improve the performance of Indian machine tool builders at its Bangalore hub,” he added. </p>.<p>TAC, spread across 6,500 sq ft, has been built in partnership with original equipment manufacturers (OEMs) Ace Micromatic Group, Laxmi Machine Works (LMW), Lokesh Machine and Jyoti Automation.</p>.<p><br />“The growing demand from key end user segments ranging from automobiles, healthcare, power and aerospace will be met by TAC’s cutting-edge technology solutions and skills development courses through CNCs, leveraging their performance and producing efficient workforces through a multiplier effect,” Joachim added.</p>
<p>Integrated technology solutions major Siemens has launched its first Technology and Application Centre in India to train individuals in understanding high-end technology and apply it in its manufacturing operations.<br /><br />With the current market size of the Indian machine tool industry at $2.1 billion as per the Indian Machine Tool Manufacturers’ Association (IMTMA), and domestic production comprising only 33 per cent, TAC strives to provide progressive technological facility and training programmes to raise the productivity on engineering and machinery sides. <br /><br />Joachim Zoll, Global Head of the Machine Tools business segment of Siemens, said, “Fresh engineering graduates along with professional experts from diverse component manufacturing teams will be given in-depth analysis of machine tool building using Siemens ‘Sinumeric’ Computer Numeric Controls (CNCs) to fasten production of quality end products.”</p>.<p>Despite ranking seventh in machine tool consumption globally, India stands 11th in terms of production due to productivity and investment constraints.</p>.<p> Propelled by the motive to increase domestic production capacity by a cumulative average growth rate (CAGR) of 25 per cent by 2017, an evaluated investment of Rs 10,000 crore needs to be made, Joachim said. <br />“This will be the seventh facility worldwide after Germany, Italy, Turkey, China, Taiwan and Korea strategising to improve the performance of Indian machine tool builders at its Bangalore hub,” he added. </p>.<p>TAC, spread across 6,500 sq ft, has been built in partnership with original equipment manufacturers (OEMs) Ace Micromatic Group, Laxmi Machine Works (LMW), Lokesh Machine and Jyoti Automation.</p>.<p><br />“The growing demand from key end user segments ranging from automobiles, healthcare, power and aerospace will be met by TAC’s cutting-edge technology solutions and skills development courses through CNCs, leveraging their performance and producing efficient workforces through a multiplier effect,” Joachim added.</p>