The Role of AI Also Available in China, Taiwan, Singapore, Malaysia, Thailand & Hong Kong Malaysia, Singapore, Taiwan, Also Available in China
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www.industr.com/en VOL 12 | FEBRUARY 2021 | ` 100 EFFICIENT MANUFACTURING SAFETY IN MANUFACTURING The role of AI Also available in China, Taiwan, Singapore, Malaysia, Thailand & Hong Kong Malaysia, Singapore, Taiwan, Also available in China, Manufacturing software P. 24 EM - Interview Prasadi Lal Meena, Composite machining P. 35 Minister of Industries, Government of Rajasthan (p. 22) Union Budget 2021-22 – Is it 1991 again? P. 17 ai161289472517_CGTech-FORCE-Ad-IN-PRINT.pdf 1 2/9/2021 10:18:46 AM C M Y CM MY CY CMY K AUTOMATION & DIGITISATION MANUFACTURING BUSINESS FORUM The Big Picture Post-pandemic 19 March, 202110.00 am – 05.00 pm Novotel, Pune Nagar Road, Pune, Maharashtra, India 2021 will be the year of transition. The next normal is going to be different. There will be sweeping change in the industry dynamics, business strategies, business leadership and technology adoption approach in the coming years. The great acceleration in the use of technology, digitisation, and new forms of working is going to be sustained. The COVID-19 crisis has created an imperative for companies to reconfigure their operations—and an opportunity to transform them. The near-term challenge, then, is to move from reacting to the crisis to building and institutionalising what has been done well so far, to come through stronger with a more balanced outlook for the future. The Manufacturing Business Forum will discuss the big picture in the post-pandemic industrial world & the big ideas defining the year ahead. Industry leaders & experts will highlight the priorities for industry professionals & deliberate on the ways to bounce back and manage the growth in the coming years. Topics of discussion: • Changing industry dynamics – The big picture • Preparing for the next new normal – Big ideas defining the year ahead • The changing role of business leadership • Approach towards technology adoption • Digital transformation • Skilling & reskilling • Supply chain management For more details on registration, speaking opportunity & sponsorship, contact: Ananya Choudhary [email protected] +91 7410009436 EDITORIAL Preparing for the next normal The world is getting eventful day-by-day. Besides the COVID-19 pandemic, there were and there are many other events which are having their effects on the industrial world. Amidst this, the Economic Survey 2020-21 has predicted V-shaped recovery for the Indian economy with the GDP to record a growth of 11% in 2021-22, after an estimated contraction of 7.7% in 2020-21, thanks to the mega vaccination drive initiated recently “There will be sweeping in the country. The fundamentals of the economy remain strong as gradual scaling back of lockdowns along with the astute support of Atmanirbhar change in the industry Bharat Mission have placed the economy firmly on the path of revival. dynamics, business One good thing about the pandemic is that it has introduced an innovation quotient in our lifestyle as well as business. The future of strategies, business everything we do is going to have technology component in it. 2021 leadership and technology will be the year of transition. The next normal is going to be different. There will be sweeping change in the industry dynamics, business adoption approach in the strategies, business leadership and technology adoption approach in coming years” the coming years. The COVID-19 crisis has created an imperative for companies to reconfigure their operations—and an opportunity to transform them. The near-term challenge, then, is to move from reacting to the crisis to building and institutionalising what has been done well so far, to come through stronger with a more balanced outlook for the future. In this context, we are happy to announce the Manufacturing Business Forum, scheduled on March 19, 2021 in Pune, Maharashtra, which will discuss the big picture in the post-pandemic industrial world & the big ideas defining the year ahead. Industry leaders and experts will highlight the priorities for industry professionals and deliberate on the ways to bounce back and manage the growth in the coming years. Please do contact us for more information. Shekhar Jitkar Publisher & Chief Editor [email protected] EDITORIAL ADVISORY BOARD Raghavendra Rao Dr Ravi M Damodaran Ramesh T K Vineet Seth Dr Wilfried Aulbur CEO, Chief Technology Officer, MD & CEO, Managing Director, Managing Partner, Kaizen Hansei LLP Greaves Cotton Micromatic Machine Tools Mastercam India Roland Berger Pvt Ltd Dr N Ravichandran Dr P N Rao Dr K Subramanian Sonali Kulkarni Satish Godbole Former Executive Director, Professor of Manufacturing President, STIMS Institute, President & CEO, Vice President, Lucas-TVS Technology, Department of USA Fanuc India Motion Control Div, Chief Mentor, Technology, University of Training Advisor, IMTMA Siemens Ltd UCAL Fuel Systems Northern Iowa, USA Overseas Partner: China, Taiwan, Hong Kong & South-East Asia EM | Feb 2021 3 FOCUS SUCCESSFUL CONTACT PRESSURE VALIDATION FOR ‘O’ RING WITH CONTACT ANALYSIS CONTENTS MARKET 07 NEWS 09 “Being agile in customer communication” Interview with Rohit Dashrathi, Founder & Director, Rucha Yantra START-UP 10 “Easy, efficient & economical way to start manufacturing” Interview with Soumitra Joshi, 12 Founder & CEO, Truventor.ai COVER STORY Safety in manufacturing VIEWPOINT - The role of AI 17 Union Budget 2021-22 – Is it 1991 again? The Viewpoint finds out if the Budget is really the best budget presented in the last 100 years, its shortfalls and the overall impact on the future of businesses in India WORLD AFFAIRS 11 What SaaS brings to India The opinion feature talks about the prominence of SaaS for companies in India and the opportunities it brings EVENT PREVIEW 38 TIMTOS 2021 goes online A preview of TIMTOS 2021 Online, March 15-20, 30 2021, organised by TAITRA & TAMI HIGH-SPEED MACHINING High-speed machining in manufacturing technology COVER STORY 12 Safety in manufacturing: The role of AI The Cover Story explores how companies can accommodate a safety budget to invest in AI, the skills that will become important with technology developments and how AI helped in the pandemic MANAGEMENT INTERVIEW 22 “Rajasthan, the most preferred investment destination with a conducive ecosystem” Prasadi Lal Meena, Minister of Industries, Government of Rajasthan FOCUS MANUFACTURING SOFTWARE 24 Successful contact pressure validation for ‘O’ ring with contact analysis The case study explains how Altair helped Imperial Auto cut down on the number of prototype iterations and reduce the turnaround time 4 EM | Feb 2021 GET EFFICIENT NOW! 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