New Delhi, Sept 20 (KNN) Universal Robots, the world’s largest manufacturer and supplier of collaborative robot, or cobot, arms, is focusing on small and medium enterprises (SMEs) to grow its business in India.

Danish robots maker Universal Robots is betting on medium, small and micro (MSMEs) industries, to more than double the number of robots deployed in India in the next 3-5 years.

General Manager, South Asia, Universal Robots, said, “We are growing 100% in India year-on-year and this will continue for the foreseeable future.”

He added, “There is huge demand from the SME sector which we had not seen earlier. So, we are changing our approach to cater to them.”

According to David, Big companies are installing cobots but what is exciting over the last two years is that small companies are also [able to] afford cobots which are paying back in one or two years.

“The SME sector in India is massive the sky is the limit,” Mr. David said.

Currently 400 robots have been deployed by the maker of collaborative robots or ‘cobots’ — robots that work with humans in manufacturing facilities.

Out of these 400 robots, 10% have been sold to SMEs. The number will rise to 1,000 in the near future.
India still contributes less than 5% to its global revenue of around $170 million.

Jürgen von Hollen, president, Universal Robot, added that he saw greater potential in Asia and India than before.