Tamil Nadu Technology Development and Promotion Centre of Confederation of Indian Industry (CII) has organised a Conference on Next Generation Forging Technologies on August 3, 2018, in Chennai. The conference discussed key technology trends in technical sessions like Future of Forging Industry, Advance Forging Technologies, Smart and Next Generation Forging in the Industry 4.0 and Improving Profitability and Sustainability: Aspects and Perspective.
Association of Indian Forging Industry supported the conference as the Association Partner. The conference witnessed a participation of more than 150 delegates from the forging and allied industries.
S Shakthi Kumar, Conference Chairman spoke about the importance of forging industry in the development of the Indian economy. He addressed a wide range of challenges, including a higher complexity of castings, more stringent requirements regarding eco-efficiency, affordability, the quality of products and delivery conditions, and a lack of specialization and skills in production facilities.
Vidyashankar Krishnan, Vice Chairman and Managing Director, MM Forgings Ltd emphasised the role of profitability and sustainability for the future of Indian forging industry. He spoke about the importance of input material optimisation, improving productivity and cost control to enhance the profitability of the forging units, followed by the importance of green energy and diversification of customer base to sustain.
S Muralishankar, President-Association of Indian Forging Industry and Managing Director, Super Auto Forge Pvt. Ltd highlighted the current scenario of the Indian forging industry. He stated that forging industry consists huge potentials with respect to exports and the industry must investigate various aspects to expand its product base. The major challenges of forging industry would include the emergence of e-vehicles, dearth of skilled labour and autonomous vehicles.