New Delhi: Apex Body of Indian Tooling Industry – TAGMA India is going to organise the second International Tooling Summit 2017 here from February 9 – 10.

The Tool Room Industry forms an integral part of the production process in almost every industry and are considered the mother industry of all manufacturing units in the country.

The rapid growth of industries such as Automobiles and Auto Components, Domestic appliances, Consumer Electronics and Consumer Durables – in the wake of the rising economic growth – ensures the expanding need and demand for Dies, Moulds, Tools and Gauges.

The ever-shortening life-cycle of products, resulting from intense competition in industries, also warrants the development of new tooling devices and designs.

Earlier the tooling industry was dependent on automobile and auto component sector for majority of its business but today sectors like White goods, FMCG, Electrical switchgear and PVC fittings are also contributing to the growth of the Indian tool making industry.

The Government’s focus on ‘Make In India’ campaign and emphasis is being given to the emerging areas like Aerospace, Defence, Power, railways and heavy engineering has given a new lease of life to the tooling sector with an expectancy of 15-20% year on year growth.

A Dayanand Reddy, President, TAGMA said, “The tool and gauge manufacturing industry in India needs a platform to voice its efforts and achievements in raising the potential of the manufacturing industry. Hence, International Tooling Summit will be a platform for international and national business leaders to get together, and share their opinion with industry delegates. This Summit is aimed at highlighting India as the future-tooling destination thereby contributing to the growth of the Indian tooling industry.”

Source: ET Tech