Siemens announced the launch of operations at the Technology
& Application Center (TAC) at Peenya, the industrial area of Bangalore,
Karnataka. This facility, the first in India by Siemens, will enable machine
tool manufacturers and end users to improve productivity through testing
machining techniques in real-world conditions.
Spread across 6,500 square feet, TAC will allow Indian machine tool
manufacturers and users to get a hands-on experience of the latest CNC
technologies and solutions from Siemens and its partners. TAC will also
organize knowledge sharing programs, provide application support and training
to customers and educational institutes among many other initiatives.
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The new TAC will also showcase how Siemens solutions and
services for machine tools, drives and automation work together to optimize
operational costs, maximize ROI, enable higher productivity and precision in
key industries like automotive, automotive supply, aerospace, power and
medical. The center also houses Siemens Financial Services, an international
provider of business-to-business financial solutions.
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According to Indian Machine Tool Manufacturer’s Association
(IMTMA), the current market size of the machine tool industry stands at $ 2,050
million (around Rs. 12,300 crore) of which the domestic production makes for
only around 33% of the total consumption. Driven by demand from key end user
segments, such as automobiles and consumer durables, the industry is fast
moving towards increasingly sophisticated CNC machines. Indian machine tool
manufacturers can easily tap into this growing demand by leveraging on
innovative technologies for their production. This would help them achieve
higher productivity and quality and also gain a competitive edge on a global
scale.