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MDA Technologies 5/2015

MDA Technologies 5/2015

TABLE OF CONTENT 00 xxx

TABLE OF CONTENT 00 xxx 00 xxx 00 xxx Motion, Drive and Automation 00 xxx like us on facebook 00 xxx Lasts longer. Get more value out of your machines and equipment. Higher dynamic load ratings: the key advantage of Schaeffler rolling bearings and linear products bearing the X-life seal of quality. For product designs that 00 deliver higher performance and machines 00 that operate more cost-effectively, we invite you to choose from our extensive line of X-life products. xxx xxx X times longer service life COLUMNS X times greater load-carrying capacity XX 03 Editorial xx xxx X times more efficient use of space 03 Imprint 06 Worldwide news xx Product news XX xx xxx XX xx xxx XX xx xxx xx xxx XX xx xxx 00 xxx schaeffler.com/X-life MDA Technologies 4/2015 5

NEWS AND MARKETS India: silver lining, in otherwise cloudier global economy Sushen Doshi Whether you are a CEO of a multinational or a sole proprietor, it pays to know where the opportunities lie and where the dangers lurk. China, for the first time in two decades, recently lowered its growth forecasts to less than 7 %. Brazil and most of the South America is still in a complete economic mess. Russia being embroiled in the geo- political turmoil and the growth in Euro zone still slow, sluggish and driven mainly by German exports, the only other major economy with positive forecasts, apart from America, is India. Author: Sushen Doshi, Editor, MDA Technologies C urrently, India’s manufacturing sector is at a sweet spot along its growth trajectory. It‘s growth is now more important than ever. India’s lesser dependence on exports and consistent internal demand have made Indian economy resilient in general and the manufacturing sector in particular is seemingly well positioned to not just sail through but also be the key growth driver in today’s turbulent global waters. Now let’s talk some numbers that give us an overview of India’s current position and what happens in the coming years. n Currently India’s GDP is roughly more than $ 2 trillion, and expected to grow to $ 3.5 trillion by 2020, at an 8-8.5 % annual growth rate. n Steel, plays the most important role in the growth of any country. In 2014, India pro- duced more 86 Million Metric Tonnes. By 2030, this number is projected to increase by a factor of 4. n Like steel, India’s demand for cement is also expected to be more than double by 2030. n With increasing urbanization, rise of e-commerce sector and increase in the purchasing power of India’s gigantic middle class, the organized retail sector is set to increase from $ 41 billion in 2014 to more than $ 94 billion in 2019. These, and many more factors show us the direction in which India is headed. To drive and sustain this economic growth, India will require vastly superior manufacturing capabilities. India’s manufact uring sector needs a massive transformation with automation clearly at the spearhead. Along with transformation, what India needs is a clear long term vision with actors that are proactive rather than reactive to leverage this economic upturn. Strategic aims of the Govt: Make in India: The Modi government has taken several initiatives to make India an attractive investment destination. The oneyear-old ‘Make in India’ initiative, is Prime Minister’s vision that aims to turn the country into a global manufacturing hub. Currently India’s manufacturing sector accounts to 15 % of the country’s GDP. Prime minister wants to increase the share of manufacturing from 15 to 25 % of GDP. Since the launch of this initiative, PM Modi and his band of top ministers has traveled to 6 MDA Technologies 5/2015

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