siliconindia | | May 20208INDIA'S STAND IN IT INTAKEIn conversation with Panish PK, Regional Business Director, India & SAARC - Bosch Power ToolsPanish carries 20+ years of experience in Sales, Sales Support , Planning and Operations across 4 organizations - Bosch, Dell, Asian Paints and HSBC. in my opinionGlobal power tools market is expected to garner $39,639 million by 2022. What kind of industri-al trends should we watch for?Global power tools market is expected to have diverse applications in commercial as well as residential sectors. The implementation of power tools is enabled by work efficiency achieved through ad-vanced sensors, which is used to analyze and perform tasks with minimum or absolutely no errors. The revenue of the Global power tools market has increased brilliantly over the years, al-most CAGR of 4.6 percent between 2017 and 2023. The trend of automation enabling enhanced returns on investments along with cost optimization. India's manufacturing companies are un-dergoing a paradigm shift due to reformative and transformative projects undertaken by the government and private segments. We, at Bosch Power Tools India, believe that individuals should be em-powered and equipped with state-of-the-art equipment because these are the men who create visions into reality at the operational level.One of Bosch Power Tools' recent user campaigns for cordless products, `Cordless matlab BOSCH' was launched country-wide to enable users to get a hands-on experi-ence of the cordless range in autonomous demo zones spread across multi-cities. In smart manufacturing and automation technology, all tools are connected, and real-time data is acquired for complete job monitoring and operation. Wireless power tools connected through Wi-Fi and Bluetooth will be beneficial in in-creasing productivity and flexibility of work in the long run. Panish PK
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