In a bid to leverage the growth trajectory of the Micro, Small &Medium Enterprises (MSME) segment in India, which is expected to play a significant role in the country to emerge as one of the fastest growing economy, Bharat Fritz Werner Ltd (BFW) and Universal Robots have joined hands.
The objective for BFW, the leading machine tool manufacturer in India, to associate with Universal Robots, the pioneers and leaders of Collaborative Robots (Cobots) is to penetrate MSME sector with new and affordable automation solutions. Both the companies hope to leverage the productivity in the MSME segment by integration of collaborative robots in manufacturing processes. This aims to disrupt the traditional production setup of MSME segment with top-notch automation solutions and will dramatically impact productivity, quality and working conditions. The two companies aim to redefine the production processes by deploying the robotic arms through modular, flexible and user-friendly integration solution platform – Arjun. Advanced user-friendly and light industrial robotic arms will dramatically impact productivity, quality and working conditions in MSME segment as it will automate and streamline repetitive industrial processes efficiently thus empowering the shop floor for higher value creative activities.
Ravi Raghavan, Managing Director, BFW said, about 60 percent of the company’s customer base is from MSME segment and more than half of this customer base are eager to deploy collaborative robots to enhance the manufacturing competitiveness. This will fuel the growth further for the company, which has been growing at around 40 percent CAGR for the past five years. Integration of Cobots will help the MSMEs to add further value by incorporating in several systems including gauging and intelligence.
Pradeep David, General Manager, Universal Robots, South Asia, quoting a study, said, the growth projections for Cobots is estimated to be significant across the globe in different industry segments. With respect to machine tool, he said the Cobots in CNC machining centres is projected to grow from about USD 60 million now to about USD 600 million in about five years. The company that entered India about three years ago, has been witnessing doubling of growth every years. With the tie-up with BFW, “We expect growth in multi-folds,” he added.