Robot System Products (RSP), originally an ABB (ST:ABB) Ltd spinoff, has launched Scandinavian Robot Systems India Private Limited in Chennai, marking a significant step into the rapidly expanding Indian robotics market. The establishment of this subsidiary aligns with the market's valuation at $13.23 billion in 2022, which is expected to double by 2025 amid rising Industry 4.0 technology adoption across various sectors such as automotive, packaging, and metals.
The Indian arm of RSP will start by importing robot accessories from Sweden and aims to commence local manufacturing within the next year. This move is fueled by the installation of 5,500 robots in the Indian industry during 2022, reflecting a strong growth trajectory for the sector.
Eddie Eriksson, CEO of RSP, highlighted that the current market conditions are favorable for their expansion into India. He envisions the Chennai factory, which is projected to employ around 100 people within two years, will be instrumental in RSP's strategy to become an essential supplier for Original Equipment Manufacturers (OEMs) and robotic system integrators.
RSP's product lineup includes advanced automatic tool changers that enhance manufacturing efficiency by enabling quick and easy tool swaps on robots without manual intervention. Such innovations are poised to support India's ambition to become a global manufacturing hub through initiatives like "Make in India," particularly in fields like electric vehicle production and electronics.
Managing Director Arvind Vasu is steering efforts to position RSP as a pivotal player in the Indian robotics scene. Despite being the world's 11th largest robot market according to International Federation of Robotics (IFR) data, India still lags significantly behind China regarding robot density per workforce member. RSP aims to bridge this gap with its state-of-the-art automation solutions.
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