ENA Global 2018-09-20 09:55:27 <p><strong>New Delhi, Sept 20 (KNN)</strong> Universal Robots, the worlds largest manufacturer and supplier of collaborative robot, or cobot, arms, is focusing on small and medium enterprises (SMEs) to grow its business in India.</p> <p>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.</p> <p>General Manager, South Asia, Universal Robots, said, We are growing 100% in India year-on-year and this will continue for the foreseeable future.</p> <p>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.</p> <p>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.</p> <p>The SME sector in India is massive the sky is the limit, Mr. David said.</p> <p>Currently 400 robots have been deployed by the maker of collaborative robots or cobots &mdash; robots that work with humans in manufacturing facilities.</p> <p>Out of these 400 robots, 10% have been sold to SMEs. The number will rise to 1,000 in the near future.<br /> India still contributes less than 5% to its global revenue of around $170 million.</p> <p>J&uuml;rgen von Hollen, president, Universal Robot, added that he saw greater potential in Asia and India than before.</p> 20883 https://knnindia.co.in/news/newsdetails/global/india-will-witness-expansion-in-universal-robots-for-msmes-in-future 2018-09-20 09:55:27 knnindia.co.in