Manufacturing plays a vital role in shaping a country's economy and its overall development. For a successful manufacturing, we need a thriving machine tool industry. This is so since machine tool industry is considered to be the backbone which supports manufacturing and spurs it to greater heights.
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Indian machine tool industry is today at crossroads. As per Gardner's 'World Machine Tool Output Survey 2018', India stands 8th in consumption and 10th in production of machine tools in a global list of world machine tool consuming and producing countries. To improve further in the rankings, machine tool industry needs a trained workforce. In short, manufacturing can give the desired outputs only if machine tool industry employs skilled workforce.
This expertise and the ability to do well come from practical knowledge and experience. Manufacturing requires certain skills while the education imparted in various technical institutions including diploma and engineering colleges come up short. Students who pass out from these institutions with degrees find themselves all at sea when confronted with the realities that industry demands.
The primary reason for this is the overarching bent towards theory with almost 'zero' exposure to the practical know-how. Institutions do not churn out industry-ready graduates who could be employable. Industry sources, on the other hand, maintain that they find it tough to retrain workforce as they do not have allocated budgets and time for the same. Everybody talks