June 6, 2017
LASER World of PHOTONICS INDIA
Growth in automotive industry impacts use of laser technology
- Automotive sector continues to grow with flow of investments and Foreign Direct Investments (FDIs)
- Speed and precision in manufacturing is the need of the hour for automotive sector
- Laser and optical technologies to facilitate growth with seamless manufacturing—LASER World of PHOTONICS INDIA is the platform where these technologies are showcased
Automotive sector on a rise
According to the Society of Indian Automotive Manufacturers (SIAM), the Indian automotive sector today is a USD 74 billion industry and by 2026, the industry is expected to achieve a turnover of USD 300 billion- clocking a CAGR of ~ 15 percent. The Automotive Mission Plan (AMP) was initiated by the Government of India to map the aspirations of the auto and auto component industry, to promote India as a preferred global manufacturing destination.
Vision AMP 2016-26 has been aligned with the ‘Make in India’ campaign. In its pursuit to foster best-in-class manufacturing infrastructure in India, the ‘Make in India’ initiative is spearheading a wider adoption of ‘Industry 4.0’—which is going to change the way India manufactures, designs and refurbishes products.
National Automotive Testing and R&D Infrastructure Project, aiming at spending USD 280 million for the creation of centers of excellence and crash test centers, and The National Electric Mobility Mission Plan 2020 for creating a vehicle base of ~7 million electric cars by 2020,—are some of the key initiatives by the government to boost sectorial development. More than 15 percent of the visitors at LASER World of PHOTONICS INIDA come from the automotive engineering industry and over 50 percent of other related industries. The trade fair proofs to be the industry’s annual gathering where new technologies and intelligent solutions for India’s future market are presented.
Reliability brings opportunity: Smart manufacturing with Laser and optical technologies
The automotive industry of India registered growth of 5.41 percent in manufacturing of passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle for the period of April-March 2017 as compared to the last year. Moreover, several international automobile groups plan to invest in India. According to siamindia.com, this upscale trend reflects on the need for more manufacturing across the sector. Modern technologies offering speed and precision in the manufacturing process will further increase productivity and profitability.
In order to become a global manufacturing hub, India is steadily shifting its manufacturing style, moving from traditional methods to more advanced manufacturing technologies and new processes. Key technologies such as laser and optical systems, robotics and automation are the backbone of modern manufacturing.
The trade fair as the ideal opportunity to explore the best of technologies
The leading trade fair for laser and optical technologies, LASER World of PHOTONICS INDIA, will showcase innovative, best-in-class as well as customized and affordable laser systems and technologies which are excellent for cost-effective and profitable manufacturing in the automotive engineering industry. Attendees will be able to find new providers and solutions, network with business partners or negotiate planned investments in scheduled face-to-face meetings in the Buyer-Seller Forum.
The trade fair alternates between Bengaluru and New Delhi each year. Taking place from September 14–16, this year at Pragati Maidan in New Delhi, LASER World of PHOTONICS INDIA will welcome technology providers from across the globe, who will showcase their products and solutions tailored for the Indian market. Participants can also benefit from various co-located and free to attend knowledge-rich conferences, such as “Additive Manufacturing Insight (AMI)”. The conference program connects industry leaders with scientist and gives room for discussion on current industry needs and future developments.
Mr. Bhupinder Singh, CEO of Messe Muenchen India says: “The automotive sector is projected to witness growth. With advanced applications of laser systems and technologies, the sector will continue to be productive and profitable.”
LASER World of PHOTONICS INDIA is scheduled for September 14–16, 2017 at Pragati Maidan, New Delhi and is co-located with electronica India, productronica India and Additive Manufacturing Insight 2017.
Log on to www.world-of-photonics-india.com for more information.
Media Contact at Messe München India