Opportunities are opening up for the Indian defence and aerospace industries. News reports highlight that India is extensively focussing on indigenous production and is attracting investments from companies across the globe. India is gradually developing into a manufacturing hub for global firms, who have reportedly expressed interest in ‘Making in India’ and sharing profits. This manufacturing growth story could possibly open up several prospects for toolmakers. However, toolmakers need to equip themselves with the necessary infrastructure and skills before they look to explore what these industries have to offer.
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Mr. S. M. Vaidya, a veteran in aerospace manufacturing and Executive VP & Business Head - Godrej Aerospace, Godrej & Boyce Mfg. Co. Ltd., has been very active in TAGMA events. He has previously shared his views at the International Tooling Summit 2019 and urged toolmakers to start focussing on the aerospace and defence industries as well. We get another opportunity to discuss the current scenario of the aerospace and defence industries and the opportunities in store for toolmakers.
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Honourable Finance Minister Mrs. Nirmala Sitharaman presented the first-ever digital Budget on February 21, 2021. The Union Budget 2021-22 rests on six broad pillars, namely, Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D and Minimum Government and Maximum Governance.
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More precise than any eye or ear, faster than any mind: artificial intelligence captures and processes terabytes of data in a matter of seconds, helping humans understand complex relationships at a glance and take action. The Bosch Center for Artificial Intelligence (BCAI) has developed an AI-based system that detects anomalies and malfunctions in the manufacturing process at an early stage, reliably reduces reject parts, and improves product quality. Speaking at Bosch’s digital AI conference ‘AI CON’ held in March, Bosch CDO/CTO Dr. Michael Bolle said: “The use of artificial intelligence will make factories more efficient, more productive, more eco-friendly – and will make products even better. Our new AI solution will save plants millions in costs.”
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The inaugural ceremony for Aero India 2021, Asia’s largest aerospace and defence exhibition, was held at Air Force Station, Yelahanka, Bengaluru, between February 3 and 5, 2021. This year, Aero India 2021 was organised in hybrid mode with a concurrent virtual exhibition to encourage maximum participation.
Flagging off
Opening the proceedings, Secretary (Defence Production) Shri Raj Kumar addressed the gathering and said that India has taken a leap in organising a completely COVID-compliant aerospace and defence exhibition.
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• HAL signs agreement with Elbit Systems for supply of Digital Overhead Head Up Display Systems
• Toyoda Gosei receives Toyota’s Technology & Development Award for development of high-pressure hydrogen tanks
• Union Minister discusses collaboration in space sector with Brazilian counterpart
• Shri Piyush Goyal calls for working towards ensuring India’s recognition on the global stage as a quality conscious country
• SIDBI and NSE explore feasibility of debt capital market platform for MSMEs
• Successful launches of VL-SRSAM Missile System
• ‘Government will make efforts to create level playing field against unfair competition in promoting toy industry’
• Carbide and cermet grades for biocompatible tools in the medical industry from CERATIZIT
• Intech Additive Solutions launches its Large Format range of Metal 3D Printers - the ‘iFusion LF series’
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