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How hot is manufacturing in India?

 



Manufacturing process: Introduction

Manufacturing engineering, also called a manufacturing process, is the steps taken to transform raw material into the final product. The manufacturing process begins with product design, its analysis, and then the product specification from which it is made. These materials are then processed through manufacturing processes to take out the required part.

Manufacturing, in general, is the common term for creating a product using manufacturing processes. It defines the secondary sector of the economy. More complex products are manufactured in parts and then assembled through CNC machines.

Manufacturing process engineering

Manufacturing process engineering is the branch of proficient engineering that has many common concepts and ideas with other prospects of engineering such as mechanical, chemical, electrical, and industrial engineering. Manufacturing process engineering requires the following concepts:

  • The ability to plan the required concepts of manufacturing.

  • To develop tools, machines, and processes along with types of equipment.

  • And, to integrate the facilities into a common platform with optimal expenditure.

The manufacturing or production engineer's primary focus is to turn raw material into an updated or new product in the most effective, efficient & economic way possible.

Manufacturing companies in India

Here is the list of some of the top 10 manufacturing companies in India. India has become the top 5 manufacturers in the world by the end of this year. The companies listed below are in descending order:

  1. UPL Limited: UPL is dealing in the business of agrochemicals, industrial chemicals, specialty chemicals, and the production of crop and vegetable seeds. With a revenue of INR 33,000 crores and a market cap of INR 27,758, the company stands at 10th position in the list of manufacturers in India. It is the fifth-largest company in terms of agro-food chemicals produced.

  2. Ultratech Cement Ltd.: The company is the largest producer of grey cement, Ready-Mix Concrete (RMC), and white cement in the country. With a revenue of INR 42,000 crores and a market capital of INR 102,000 crores, the company stands at 9th position in the list of manufacturers in India.

  3. Motherson Sumi Systems Limited:  The company is the flagship company of Motherson Group and was established in 1986 in collaboration with Japanese company Sumitomo Wiring Systems. With a revenue of INR 65,547 crores and a market capital of 27,000 crores, the company stands at 8th position in the country.

  4. Grasim Industries Limited: Incorporated in 1947, the company is the flagship company of Aditya Birla Group. It is listed at 6th position with a market capital and revenue of INR 78,000 crores and INR 35,000 respectively.

  5. Tata Motors Ltd.: One of the leading manufacturers in the world is the largest manufacturer in India in terms of revenue marks achieved. It has a total market capitalization of INR 25,500 crores and a revenue of INR 284,000 crores. 

Additive manufacturing in India

The additive manufacturing industry in India is growing slowly but steadily. However, the awareness regarding it is not that significant to be noticed on a large scale. Awareness regarding the technology in India is finally getting better with many companies adopting/entering the domain. It's no more an unknown technology. Indian manufacturing industry seems to have finally realized the benefit of additive manufacturing and exploring further. However, more education is required in terms of adoption, ROI, etc. 

Additive Manufacturing Society of India

Additive Manufacturing Society of India (AMSI) is a leading professional body with an objective to promote state-of-the-art 3D Printing and Additive Manufacturing technology and expand collaborative relations with international organizations in all the aspects of additive manufacturing such as R&D, manufacturing, training, and skill development to empower India’s advanced manufacturing technology. AMSI has a great network and MoU's with global additive manufacturing organizations.

The additive manufacturing market in India

The additive manufacturing market in India is very new and taking its shape through new startups being born as a result of foreign collaborations. The startups like “Quest’s Design and Company” are taking it to the next level via AI-powered manufacturing and design. There are only six companies right now taking the lead in the sector of this particular manufacturing. Setting trends will not be low profile in the coming days. 

Conclusion

We have talked about the market in the past and present. And, having seen the results of the overall progress of manufacturing in India we can be much more sure about the future. Additive and subtractive manufacturing are new to India but under the government’s Make in India campaign, the manufacturing sector is revolutionizing. 

Seeing overall progress and predicting the future of manufacturing in the country, we can say India has the largest potential for the industry to grow and develop.
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