DECEMBER 20239TOP STORIESRSP TO ESTABLISH NEW FACILITY IN INDIARobot System Products (RSP), a subsidiary of ABB Ltd and a top player in industrial robot accessories has announced its plans to establish a new branch in India. This move is aimed at taking advantage of the promising opportunities in India's robotics and industrial automation industry.RSP is aiming to strengthen its position as a key player in robotics and automation by increasing its presence in the growing Indian market. The industrial robots and automation market in India is forecasted to experience a growth of over 14 percent, reaching a value of $25 billion by 2025. This growth can be attributed to the rising adoption of Industry 4.0 technologies, particularly in industries such as automotive, packaging, metal, and others. Additionally, the demand for industrial robots is driven by the shortage of skilled labor and the evolving production landscape, which demands greater efficiency and competitiveness."We have been watching the developments in India and believe that now is a great time for RSP to enter. With almost 5500 robots installed in 2022 in Indian manufacturing facilities, the growth of robotics in Indian industry is very encouraging," says Eddie Eriksson, President and CEO of Robot System Products AB."Indian Industry is set to ramp up productivity in automotive electric vehicle programs, electronics, and several other manufacturing applications. With India's ambitious goal to be a manufacturing hub for the world and capitalize on the "Make in India" policy, RSP is well positioned to provide the local industry the reliable, quality, and flexible manufacturing solutions to automate and to achieve their goals," Arvind Vasu, Managing Director for RSP's subsidiary company in India said. GOVERNMENT TO INCENTIVISE DOMESTIC MINING EQUIPMENT MANUFACTURINGAn inter-disciplinary committee comprised of officials from Coal India Ltd, the railway ministry, the heavy industries ministry, NLC India Ltd, and NTPC Ltd, among others, has recommended encouraging domestic mining equipment manufacturing through incentive schemes, standardisation, and specific tendering clauses. This gains importance because coal is expected to remain the dominant energy source beyond 2030. The committee anticipates a significant demand for equipment over the next ten years.According to a government release, the committee also included representatives from Singareni Collieries Company Ltd, West Bengal Power Development Corporation Ltd, Bharat Earth Movers Ltd, Caterpillar India Pvt Ltd, Tata Hitachi, Gainwell India, and industry associations.The committee has suggested the standardisation of equipment in line with Coal India's existing equipment standardisation effort, the government said.It has also stated that tender clauses should encourage the use of domestic equipment. A proposal was made to incentivize manufacturers to design, develop, and manufacture equipment in India for five years as part of the Make in India initiative.Coal India currently imports high-capacity equipment worth 3,500 crore, including electric rope shovels, hydraulic shovels, dumpers, crawler dozers, and others, with an additional 1,000 crore in customs duty.
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