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Defence Stamped Parts- We manufacture and supply a precision-engineered range of Sheet Metal Defence Components such as machined defence components, fabricated defence components, sheet metal defence components, precision machined defence components, industrial fabricated defence components and precision sheet metal defence components. These are widely used in the Military sectors and have been proven to be very effective for related applications. Daksh Tools supplies prime contractors with sub-assemblies and metal fabrications for various military vehicles, and ammunition containers .
Smarter Factories, Better Work: Meet the New Metrology- With the rise of smart factories allowing for more efficient, streamlined operations, industrial companies across a range of different sectors are changing the way they do business. While aerospace contractors, the defense industry, pharmaceuticals, and life sciences have already boosted overall productivity by an average of 17% thanks to the new technology available, industrial manufacturers have seen a 20% increase in productivity — and that’s in addition to a 20% boost in average overall quality gain. These trends show no sign of slowing. A study conducted by Capgemini estimates that smart factories are positioned to add $500 billion to $1.5 trillion in value to the global economy over the next five years alone. Complete article at: https://news.thomasnet.com/featured/smarter-factories-better-work-meet-the-new-metrology
Will Manufacturing be India’s Future? Post US Presidential Elections 2016, Rising protectionism and Automation have emerged as the biggest challenges for emerging markets like India and China. Economics experts say that it is the time for India to switch from Manufacturing to the Services sector which can drive the Indian economy to the pinnacle of success. How Manufacturing Can Benefit the Agricultural Sector? Agriculture, which currently employs nearly 45% of the workforce, is obviously not to be neglected. The point, instead, is that those currently deriving their incomes from agriculture would greatly benefit from accelerated growth in manufacturing. • Nearly 50% of India’s farms are less than half a hectare, a size too small to yield adequate living standard for a family of five. Owners of these farms will benefit directly if one or more of their family members found good jobs in manufacturing and services. Those continuing to cultivate will benefit from increased land per farmer as some farmers migrate to manufacturing and services. • Dynamic services sectors such as: Software and Finance generate relatively few jobs. Tourism, Transportation, and Construction hold greater promise but their growth is highly dependent on the performance of the Manufacturing Sector. For example: Transportation sector flourishes when manufacturing sector generates demands for its services. Likewise, tourism and construction are spurred by higher incomes generated by manufacturing. Can Manufacturing Sector Create Sufficient Jobs? Two arguments have been offered recently in support of a negative answer to this question: rising protectionism around the world and automation. • The First argument says that when South Korea, Taiwan, and China transformed, markets were relatively open. Therefore, these countries could take advantage of scale economies in manufacturing by exporting their products in large volumes. The same option is not available today due to rising protectionism around the world. • The Trade tensions, especially between the United States and China, the global economy is far more open today than in the days when South Korea and Taiwan transformed. Indeed, it remains more open than even during the 1990s and the early 2000s when China transformed. Much of the liberalisation under the Uruguay Round Agreement was implemented between 1995 and 2005 and remains intact. • The Second argument, automation, says that with advances in technology, manufacturing is becoming highly automated and it will move back to the developed countries. This argument too has been grossly overstated. It is true that automation is on the increase and perhaps at a faster pace than in the past. Yet, many tasks remain far from being automated at the technical level while many others, though technically feasible, are commercially unviable. The Global Scenario: The Global Market in Merchandise exports worth US $15 Trillion today. The share of India in these exports is only 1.6% compared with 12% of China. Even if the export market were to shrink by one or two trillion dollars in the coming years, India could more than double its exports by raising its share in the world market to 5%. This is not an infeasible proposition: China’s share in the world exports as recently as 2000 was only 4%. Rising Automation Across the Globe: • Nothing illustrates the limits of automation better than the efforts by Adidas to automate the manufacturing of sneakers. At the end of 2015, the company had opened its first high-tech speed factory in Germany, which produces sneakers using intelligent robotics technology. More recently, it has opened a shoe factory that uses 3D printing technology. • According to Mr. Kasper Rorsted, CEO of Adidas, “full automation of sneaker manufacturing is unlikely in the next 5 to 10 years. Currently, Adidas produces only 1, 000, 000 out of its total production of 360, 000, 000 pairs in automated factories. When asked whether manufacturing is poised to return to the United States and Europe, Rorsted says, “I do not believe, and it is a complete illusion to believe, that manufacturing can go back to Europe in terms of volume.” He adds that – “despite political interest in the United States to bring back manufacturing, it is financially “very illogical” and unlikely to happen. What is true of shoe manufacturing is even truer of apparel, where we are still to see the appearance of the first factory that automates manufacturing as much as the German Adidas factory has done for shoes. And the global apparel market is huge. Think of apparel demand in Asia alone, which has a population of 4.6 billion. And with its high and rising wages, even China will soon begin to satisfy much of its apparel demand from imports. Nations that manage to capture this market will create vast numbers of good jobs for their citizens. India can scarcely afford to pass on that opportunity.” Content courtesy: Power2SME
Metal stamping is actually one of the highest volume categories in terms of sourcing activity in the Thomas Network at Thomasnet.com. The majority of buyers doing this sourcing in our network identify themselves as being in the broad category of “manufacturing.” These buyers are typically tier 2 or tier 3 suppliers who are sourcing metal stamping services for parts that will be sent to an OEM further up the supply chain. Looking beyond that broad “manufacturing” category, year after year the top industries sourcing for metal stamping services are typically in the Automotive, Industrial Machinery, Consumer Electronics, and Aerospace industries. Our data shows that sourcing activity in these industries has been heavy, but relatively steady or increasing slightly over the past year. However, our data also shows that sourcing for metal stamping services has been trending significantly upward in five other key industries over the past year. Sourcing activity for metal stamping by buyers in the Printing & Publishing industry is up 24 percent over last year. From buyers representing Government & Military, it’s up 47 percent. Sourcing for metal stamping from buyers in the Transportation & Logistics industry is up 80 percent this year over last. But the two biggest increases have come from buyers in the Agriculture industry, and from buyers in the Energy and Utilities industry. In both of these industries, sourcing activity for metal stamping services from these two industries is over four times greater this year than it was in 2016. Content Credit- Thomasnet.com.
Family-owned company uses innovation to create automated handling of sheet metal parts: The German company Trumpf is one out of the 64 companies that has been selected for the European project ROBOTT-NET. Trumpf offers production solutions in the machine tool, laser and electronics sectors. The company has existed since 1923 and was founded as a series of mechanical workshops. Since then Trumpf has developed into a global high-tech company. Innovative strength and diversification plays an important role to the German company, which is also the case for Trumpfs voucher project, that investigates in sorting and stacking sheet metal parts. - Sheet metal parts have a high variety and are usually cut out from a large sheet, containing different orders and parts. Those different parts need to be sorted and stacked in separate groups depending on their following processes, says product manager at Trumpf Dennis Specht. In the voucher project Trumpfs aim is to determine, whether an automated handling is possible for a large variety of sheet metal parts. - The goal with the project is to examine the limits of current computer vision and grasping technologies for handling sheet metal parts, says Dennis Specht. During the project Trumpf has had contribution from Fraunhofer IPA and Danish Technological Institute. - With the ROBOTT-NET voucher we have achieved to build a system that can actually detect and grasp objects in a bin with multiple different parts, says project manager at DTI Denmark, Carsten Panch Isaksen. Based on this knowledge Trumpf will create a roadmap to develop and install a prototype robot cell for automated sheet metal handling. If the prototype proves to be reliable, fully automated machines will become a lot more attractive because of the possibility of automatic loading from bulk. Watch Video at: https://youtu.be/KDe8888ATow Source: ROBOTT-NET
How Emerging Technologies Impact Manufacturing Sector: Emerging Technologies: Are they Development or Disruption for Manufacturing Sector? Exponential technologies are disrupting workplaces, especially in the manufacturing sector. Robotic process automation (RPA), Artificial Intelligence (AI), Machine Learning, and Internet of Things (IOT) have clearly redefined the business models of manufacturing companies. Though in the past, people have been apprehensive about this human-robot collaboration to make headway on the factory floor, but more than that, it is a matter of keeping the workforce abreast of the times. The manufacturing sector is gearing up for networked factories where production lines, supply chains, quality control and design teams are integrated into a high-tech engine that offers actionable insights. Contrary to those who fear human jobs being lost to automation, the manufacturing industry will be propelled by AI-driven enhanced efficiency, agile production, and real-time decision making, allowing the workforce to focus more on innovation. Areas such as seeking new consumer insights and understanding product personalisation requirements will evolve into potentially specialised roles where people will be expected to oversee automated work flows to deliver a bespoke service or product. Though the Indian manufacturing sector has been a late entrant, they need to adapt to these changes. Experts in the industry say a different kind of skillset, which didn’t exist a decade back has become a prerequisite to march into a new future. The Future: The manufacturing sector is gearing towards reducing the digital talent gap and becoming future ready. The government is going deep on critical infrastructure, policy, regulatory, and skill-related issues and introducing reform that is spurting the growth of the sector and increasing career prospects. The Indian auto industry is one of the largest in the world responsible for nearly 7.1% of the country’s Gross Domestic Product (GDP). States such as Tamil Nadu and Maharashtra are viewed as the nation’s auto hubs that can attract young aspiring engineers. Globally, India occupies the 5th position in the food processing industry with increasing exports in grains, fresh produce, beverages, and dairy products. The sector’s ability to absorb excess labour from the agricultural sector is the driving force behind its importance. Similarly, the growth in sectors like telecom, consumer electronics, and IT has propelled the Indian electronics market, opening avenues for fresh graduates to kickstart their careers. It is now that candidates need to upskill themselves in line with the industry changes and strive to be more relevant to the evolving job demands. Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.
Sheet Metal Stamping Parts: Sheet metal stamping, a guide for beginners- A short and easy guide for beginners through the world of sheet metal stamping. Sheet metal stamping is used to transform flat metal sheets in specific shapes. Stamping of sheet metal is a process based on permanent deformation by cold forming to produce a variety of complex three-dimensional shapes. Tensile forces with high ratio of surface area carry out the process to thickness. The stamping of sheet metals is very common: this is the reason why many objects in your house are the result of a metal stamping process. An example? The metal parts of your automatic coffee machine, your pots and many components of your car. Let's see both the process and the functioning of the sheet metal stamping. Sheet metal stamping: the processes In sheet metal stamping processes are included a wide variety of associated operations: Metal blanking: sheet blanking on iron, aluminum, copper, brass and special alloys is carried out with punching and matrixes. Sheet metal deep-drawing: which can turn flat metal sheet transforming it into metal components such as cylinders, hemispherical caps, or finished products such as pots and pans or other kinds of containers. Sheet metal bending: used to obtain semi-finished products through the pressure exerted by the mold during the metal working. Sheet metal punching: achieved by using automatic CNC machines and standard or special punches and tools, is performed on iron, stainless steel, aluminum, copper, brass and special alloys. Metal threading: used to fix together two or more metal parts. Sheet metal laser cutting: performed using numerical control machines, capable of achieving the precision cutting standards foreseen during the design & engineering phase. As you can see, there’re many processes linked to sheet metal stamping; these are the main processes involved to manufacture metal parts in all industries fields: automotive, household appliances, medical, logistic and plant system sectors and infinite others. Sheet metal stamping: the functioning There’re two types of sheet metal stamping presses: hydraulic and mechanic; both use “dies” to manufacture stamped parts. The entire “die” consists in a male and female part, which work in opposition: the upperpart of the die is set on the first half of the press the second half is fixed on the lower half of the press. When the mechanical or hydraulic press is activated, the flat sheet metal, which stands between the die, reaches the desired shape. The result is always a solution which lets to produce large quantities of metal parts with affordable costs and an excellent level of precision.
What Union Budget Have for Startups – All You Need to Know The Budget aims at boosting the consumption and winning the goodwill of farmers. On Feb 01, 2019, the Interim Finance Minister, Mr. Piyush Goyal today outlined significant measures to ease farmers’ plight in the country. The Interim Budget also gave the middle-class major tax relief, exempting those with an annual income of up to Rs. 5 Lakh from paying taxes altogether. Currently, individuals with income of up to Rs. 2.5 Lakh are exempt from paying taxes. No Mention of ‘Angel Tax’ in the Budget - 2019: Surprisingly, in an uncharacteristic break from the Modi-led government’s support for startups, this year’s Budget speech did not contain even a single mention of the word ‘angel tax’ or any reforms specifically for the startup ecosystem. In comparison, last year’s Budget mentioned startups multiple times and introduced 3 measures aimed at encouraging startups while also calling for clarity on the issue of angel tax. While this is still an Interim Budget, with a clear focus on the upcoming General Election, here are the key takeaways of the Union Budget 2019 for the Indian Startup Ecosystem: Increase in Minimum Taxable Income Will Boost Consumer Startups: Mr. Goyal’s Budget made the middle class (and consumer startups) sit up and take notice with its headline-grabbing announcement that the minimum taxable income of individuals has been increased to Rs. 5 Lakh and standard deduction has been raised to Rs. 50, 000 from Rs. 40, 000. Clearly, middle-class spending power is set to increase significantly, which is good news for consumer startups. Mr. Piyush Goyal added that individuals earning a gross income of up to Rs. 6.5 Lakh per year with investments for savings, would be exempt from tax. This is expected to save an estimated 3 Cr small and middle-class tax-payers about Rs. 23K Cr in taxes. Boost for Defence Startups: The Budget also chalked out a defence budget of Rs. 3 Lakh Crore — a first for India. In addition to the extra funds, the government has also brought startups in the ambit of defence procurement by launching the Defence India Startup Challenge on August 4, 2018. A joint initiative of the Atal Innovation Mission, the Department for Promotion of Industry and Internal Trade (DIPP), and the Defence Innovation Organisation (a ministry of defence initiative) organised the Defence India Startup Challenge aimed to encourage startups to innovate defence solutions in 11 categories. PM Kisan Yojana Will Benefit 12 Crore Farmers: The Interim Budget has a mention of PM Kisan Yojana, in which 12 Crore Small and Marginal Farmers will be provided with an assured yearly income of Rs. 6, 000 in their bank accounts. This is expected to alleviate farmers’ plight as well as give them the confidence to venture into higher yield farming. This, in turn, will encourage agri-tech startups to reach out to larger number of farmers as well as create value-added farm products. Avoided the Investors Demand to Remove Angel Tax Provisions: According to an Inc. 42 Union Budget 2019 survey, the demand to remove angel tax provisions and bring transparency into the process of angel funding has been on top of the list of demands of startup founders and investors. While Arun Jaitley’s 2018 Budget at least acknowledged the issue, saying that “Venture capital funds and angel investors need an innovative and special developmental and regulatory regime for their growth, ” today’s Interim Budget was conspicuous for clearly avoiding any mention of the issue. 1 Lakh Digital Villages by 2024: Goyal said that the government is looking to create 1 Lakh digital villages in the next five years. “Jan Dhan, Aadhaar mobile, and direct benefit transfer have been game changers, ” Goyal noted. With the rapid increase in smartphones and rural electrification, this move may truly set India on the path of digital transformation as a big part of India’s population still resides in villages and Tier 3 towns. This could also increase the reach of urban startups in the currently untapped rural segment, in perhaps all sectors, but particularly digital payments and e-Commerce. Missed Fiscal Deficit Leading to Decline in Investments: The government has missed the fiscal deficit target set at 3.3% of the GDP for FY 2018-19. Piyush Goyal said fiscal deficit for the current year would be 3.4% and forecast a 3.4% deficit for the coming financial year as well. He attributed this to “revenue shortfalls and increased spending ahead of the Lok Sabha election.” Fiscal Deficit Will Lead to Slow Growth in Infra. Development: While economists and policy analysts disagree about the impact of the fiscal deficit on the economy, in the short term, the fiscal deficit can make governments shy of spending on infrastructure. This, in turn, could scuttle growth or slow down infrastructure development, thereby making international investors dial back their investments in the country. National Programme on Artificial Intelligence (AI): As part of a section entitled ‘Empowering Youth to Fulfil Their Potential’, the Interim Budget announced a National Programme on Artificial Intelligence (AI). While Goyal did not elaborate how much funds would be allocated to this initiative, he said that the AI push would be catalysed by the establishment of the National Centre on Artificial Intelligence as a hub along with the development of centres of excellence. “Nine priority areas have been identified. A National Artificial Intelligence portal will also be developed soon, ” said Goyal. With the world looking to India to fulfil the rising need for developers and software professionals skilled in cutting-edge technologies such as: Automation, Machine Learning, and Associated Technologies, this initiative could prove to be invaluable in the coming years. The move is also in line with the government’s other flagship programmes such as Digital India, Startup India, and Make in India and will help India establish itself as a — knowledge and digital society. Easy Process for Tax Compliance: The Interim Budget also said that within 2 years, all tax assessments will be electronic and income tax (I-T) return processing will be done in just 24 hours. This will make for a smoother I-T filing and returns process, hence ensuring that founders and entrepreneurs have one less thing to worry about. For startups, overall compliance processes were simplified. Threshold Limit for Presumptive Taxation Raised to Rs. 2 Crore: The threshold limit for presumptive taxation of business was raised from Rs. 1 Cr to Rs. 2 Cr. The benefit of presumptive taxation was extended for the first time to small professionals fixing the threshold limit at RS. 50 Lakh. Single Window Clearance for Content Creation Startups: To promote the entertainment industry, Goyal said that Indian filmmakers and content creators will get a single window clearance for ease of shooting films, which was available only to foreigners till now. Regulatory provisions will rely more on self-declaration going forward, he added. The Budget also introduced anti-camcording provisions in the Cinematograph Act to control the menace of piracy, a move that will help the growth of the OTT (Over the Top) companies such as Netflix, Amazon Prime, SonyLiv, Hotstar and Zee5. No Initiative to Promote Electric Vehicles (EV): While the Indian government has made a lot of noise about electric vehicles and creating a supportive infrastructure enabling EVs, the interim budget did not spell out any new initiatives to fast track adoption of EVs. While states such as Karnataka, Telangana, Tamil Nadu, and Rajasthan have dedicated EV policies and are currently attracting investments from both international and homegrown EV makers, Goyal’s mention of electric mobility touched only on the need to clean up “Mother Earth” and platitudes like: “India will lead the world in the transport revolution through electric vehicles and energy storage devices, bringing down import dependence and ensuring energy security for our people.” Content Credit- power2sme
Manufacturer of complex, high-precision custom metal stampings and assemblies for the automotive, electronics, consumer goods, military and medical device industries. Capabilities include custom design engineering assistance, rapid prototyping, tooling, production, assembly, various secondary operations, and inventory and program management. Design and production process includes 3D design, Ability to handle a wide range of materials. Manufacturer of India, exporting to USA, Canada, Ireland, South Africa, Germany and Australia.
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