Engineering & Machine Tools

Manufacturing has become a key pillar of India’s economic growth, driven by critical sectors such as automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The engineering sector, being the largest industrial sector in India, is witnessing significant demand for services, fueled by capacity expansion across leading industries. India has a competitive edge in terms of manufacturing costs, market expertise, technological innovation, and production capabilities across various engineering sub-sectors.

The Indian engineering sector has experienced remarkable growth, propelled by substantial investments in industrial production. This sector, closely linked to the broader manufacturing industry, holds immense strategic importance for the Indian economy. The government’s policies and initiatives, such as those under the “Make in India” program, have played a crucial role in fostering growth and expanding the sector’s potential.

The Indian machine tool market, valued in billions, is poised to grow at a steady pace. Historically, the machine tool industry has been the backbone of India’s manufacturing landscape, and today, technological advancements are driving innovation, with digital transformation being key to staying competitive in this fast-evolving sector. The shift toward automation and process-driven manufacturing within India’s industrial machinery sector is expected to boost productivity and efficiency.

The sector is home to over 200 machine tool manufacturers in the organized sector, with an additional 400+ small-scale units contributing to India’s manufacturing output. This industry’s growth is integral to sectors such as automotive, aerospace, packaging, and more, significantly impacting India’s GDP and global trade.