BANGALORE: S C Kalyanpur, President of Tool and Gauge Manufactures Assosiation (Tagma) addressed the annual general meeting at Hotel Atria in Bangalore on September 30.The financial year 2010-11 started well with a healthy growth of 8.5 per cent GDP as projected, but due to various international and domestic issues like the rising crude oil and commodity prices the rising inflation and aggressive monetary tightening by RBI the GDP was down to 8 per cent.The long term outlook for India remains positive, with IMF forecasting global growth for 2011 at 4 per cent.The latest Toolroom industry Reports that is the third edition was released.The report has recorded a double digit growth at 13 per cent, with an estimated market size of Indian Tool Rooms Industry is around Rs. 13,225 Crores for the FY 2010-11, and CAGR however is below the projected 20 per cent in the 2008 report due to economic slowdown.Imports continuous to remain at 31 per cent of the total tooling demand.With duty reduction likely after WTO Nama negotiations may incase further, we need to address these issues through continuous liasioning with the use of industries and government.Tagma is liasioning with Ministry of Heavy Industry in preparation of their report for the 12th Five Year Plan, to increase manufacturing growth rate.The objective being to generate more employment and increase manufacturing contribution to 25 per cent of the GDP.To meet the growing popular demand and enthusiasm among the country’s die and mould manufacturers TAGMA initiated the first regional DIE and Mould South in Chennai.It was held from April 7 to 10 this year at Chennai Trade centre which was well received, with over 140 exhibitors from local and overseas players.Our next exhibition the 8th Biennial Die & Mould India.International Exhibition will be held from April 19-22, 2012 at Bombay Exhibition Centre, Goregaon, and Mumbai.
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