Tool Maufacturing
India is one of the world’s largest manufacturers of machine tools. The machine tools industry is made up of production units, some of which are organised and some of which are worldwide. India is poised to become a major player in the global machine tool industry, with significant high-end machine tool manufacture expected. Since the beginning of the millennium, the Indian machine tool business has remained stagnant as investment in the manufacturing sector has slowed significantly.
Later, as global companies began to outsource manufacturing to India, the Indian engineering sector, particularly the automotive sector, saw significant investment. This resulted in a surge in machine tool demand.
Since then, the machine tool business has been expanding at a healthy rate. Machine tool industry in India is now capable of exporting general-purpose and standard machine tools to even the most advanced countries.
India is poised to become a major player in the global machine tool industry, with significant high-end machine tool manufacture expected.