DMG India Pvt Ltd, subsidiary of the € 1.6-billion German turning and milling equipment manufacturer - Gildemeister AG, announced plans to set up a € 7 million (Rs 407 million) technology centre in Bangalore.

The technical center will come up on 80,000 sq feet (2 acres) of land, which the company has already bought at Phase-1, Peenya industrial estate in Bangalore. The construction will start shortly and the center is expected to be ready by the end of calendar year 2008.
The center is intended to provide local engineering solutions to Indian customers. It will be used to develop customized solutions for Indian customers across all industries.

“With approximately € 7 million allocated, the technical center will be built by German standards,” Gildemeister board member Thorsten Schmidt said.

“The technical center will house two showrooms for new and used machines and a state-of-the-art training facility to impart specialized skills to engineers of our customers using our latest CNC machines,” he said.

“In the technical center we will have a bounded warehouse in order to have an advantage in delivery time for machines and spares,” S.G. Narayan, managing director, DMG India said.

“This is the 8th technical center we have. We will have 150 employees working for us,” Thorsten Schmidt added.

“With India’s emergence as a manufacturing hub and the growth in the Indian machine tool industry, we felt the time was appropriate to set up a technology centre in India,” S.G. Narayan said.

DMG intends to sell 250 machines (€ 35 million) this year, Jan – Dec 2008. The company sold 180 machines in 2007 earning revenues of € 27 million. The market for CNC metal cutting machines in India is € 850 million.


Source: www.machinist.in