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Indian Economy: Striding Ahead

Indian Economy: Striding Ahead. In a world full of:. UNCERTAINTY Geopolitical (China, EU situation, Middle East ….) Global terrorism Migratiing manufacturing locations – SE Asia, Mexico, On shoring, Near shoring. VOLATILITY Metal prices Crude prices Exchange rates.

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Indian Economy: Striding Ahead

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  1. Indian Economy: Striding Ahead In a world full of: • UNCERTAINTY • Geopolitical (China, EU situation, Middle East ….) • Global terrorism • Migratiing manufacturing locations – SE Asia, Mexico, On shoring, Near shoring • VOLATILITY • Metal prices • Crude prices • Exchange rates INDIA IS A HAVEN OF STABILITY & GROWTH April 9-12, 2016. Hawaii

  2. Indian Economy: Haven of Stability & Growth • The newest ‘normal’ for the world economy is turbulence and volatility. India is stable and offers a great opportunity. • India is likely to be the fastest growing economy in the world in 2016, despite declining exports and weak private investment. Source: Economic Survey 2015-16 World Economic Outlook, October 2015 *Investment grade Fitch ratings April 9-12, 2016. Hawaii

  3. Meaningful Reforms Undertaken • Liberalising Foreign Direct Investment • Defence • Aerospace • Insurance • Reforms of the power sector: improved power availability. • Comprehensive reform of the banking sector initiated by Reserve Bank of India (NPAs, reduction in interest in rates). • Concrete steps taken for reducing corruption: transparent auction of public assets, non-interference in regulatory matters. Source: Economic Survey 2015-16 Exchange rate as on 11 Mar 2016: Rs. 67.11/1 USD April 9-12, 2016. Hawaii

  4. India’s Anxieties Economists suggest India’s medium term GDP growth rate of 8-10%. Source: Economic Survey 2015-16 April 9-12, 2016. Hawaii

  5. April 9-12, 2016. Hawaii

  6. Transforming India Source: Economic Survey 2015-16, The Economist 5th March 2016, The Hindu 30th January 2016 April 9-12, 2016. Hawaii

  7. Start-up India: Unleashing Entrepreneurship MAJOR PUSH…. • There are 19,400 technology start-ups in India. Of these 5,000 were set-up in 2015 itself. • India has the 3rd largest base of start-ups in the world. • Start-ups in India are spread across • Digital • High-tech (robotics, augmented reality, internet of things) • Vertical domains (health-tech, edu-tech, fin-tech, ad-tech). • Indian start-ups raised US$ 3.5 billion in funding in the first half of 2015. • As of December 2015, 8 Indian start-ups were in the “Unicorn” club: valuation > US$ 1 billion. Source: Economic Survey 2015-16 April 9-12, 2016. Hawaii

  8. INDIAN Cutting Tools Landscape April 9-12, 2016. Hawaii

  9. Market Size & Players • $500 Million USD Market • $150 Million HSS cutting tools: • $ 50 Million PCD Tools Source: ICTMA Estimates April 9-12, 2016. Hawaii

  10. Market Players • Geographically, cutting tools business is concentrated in the West and South India. • The contribution of the North is on the up. ~100 smaller tool makers World Cutting Tools Conference, Hawaii

  11. Robust Support Sector…Budding opportunities All the support sector players have local personnel, repr offices and in some cases manufacturing units in India. World Cutting Tools Conference, Hawaii

  12. INDIAN Cutting Tools Opportunities April 9-12, 2016. Hawaii

  13. Application Sectors: Present & Emerging Source: ICTMA Estimates April 9-12, 2016. Hawaii

  14. INDIA: The Opportunities Spectrum • Make in India. • Doing Business easier. • Rapidly growing local manufacturing. • Export to ASEAN, Iran. • Emerging hub for knowledge outsourcing: design, application, coding. • IPR protection regime in place. • Technically skilled human capital available. • Increasing reliance of Multinationals on Indian managers. • Strong IT skills for design and mfg of cutting tools. April 9-12, 2016. Hawaii

  15. ICTMA - Indian cutting tool manufacturers association • Established in 2012 by leading cutting tool manufacturers. • 30-members strong: • 16 patron members, 9 associate members and 5 ordinary members. • Represents ~60% of India’s cutting tool community. • Mission • To work for the development of the Indian Cutting Tool industry. • To promote the brand equity of • the Indian Cutting industry: domestically and internationally. • To create an industry forum for exchange of viewpoints. April 9-12, 2016. Hawaii

  16. MAKE CUTTING TOOLS IN INDIA ! World Cutting Tools Conference, Hawaii

  17. Make Cutting Tools In India! Namaste

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