© Reuters.
Robot System Products (RSP), a derivative from ABB (ST:) Ltd, is making strategic strikes to capitalize on the burgeoning Indian robotics market, with the institution of its subsidiary Scandinavian Robot Systems India Private Limited in Chennai. This enlargement is aimed toward tapping right into a market that was valued at $13.23 billion in 2022 and is anticipated to double by 2025, reflecting a sturdy trade progress charge of over 14% yearly, notably in automation sectors like automotive and packaging.
The firm plans to boost native manufacturing capabilities beginning subsequent 12 months, though it’s at present importing industrial robotic equipment from Sweden. The transfer is seen as a response to the aggressive manufacturing surroundings in India and a step in the direction of growing the nation’s robotic workforce density, which lags behind international leaders like China.
Eddie Eriksson, representing RSP, highlighted the set up of over 5500 robots in 2022 as a transparent indicator of India’s dedication to changing into a number one pressure in automation globally. Arvind Vasu underscored the corporate’s efforts to contribute considerably to the productiveness and effectivity of India’s Automotive Electric Vehicle (EV) applications, that are a part of the broader “Make in India” initiative.
An IDC and UiPath (NYSE:) examine additional helps this development, predicting that the majority Indian firms will ramp up their Robotic Process Automation (RPA) efforts by 2025. RSP’s enlargement into Chennai represents not solely an funding in the way forward for Indian manufacturing but in addition a strategic positioning to be on the forefront of automation know-how in one of many world’s fastest-growing markets.
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