New Delhi, Dec 17, 2014: Indian Machine Tools industry has the capability to manufacture all types of machine tools required for general purpose. However advanced CNC machine tools, multi-spindle, multi-axis (more than 3 axes) and other specialized machine tools are not made indigenously.
There are about 450 manufacturers of machine tools out of which about 250 units manufacture complete machine tool and around 200 units make accessories/components of machine tools. Out of 250 manufacturers of machine tools there are about 25 mid size large units.
(Rs. Crore)
| 2011-12 | 2012-13 | 2013-14 | |
| Production | 4299 | 3885 | 3481 |
| Import | 13167 | 14227 | 11315 |
| Export | 1384 | 1597 | 1611 |
(Production data source: IMTMA
Import Export data source: DGCIS)
A Scheme on enhancement of competitiveness in the Indian Capital Goods Sector has been notified in the Gazette on 5.11.2014. Machine Tool Industry, as an important sub sector of Indian Capital Goods Industry, stands covered under the Scheme.
The Scheme aims to make Indian capital goods industry globally competitive by strengthening technology development, providing common manufacturing infrastructure and extending financial assistance for technology acquisition.
The Scheme envisages Government Budgetary Support of Rs. 581.22 crore.
Details of the Scheme including the Guidelines are available on the website of the Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises (dhi.nic.in)
This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises, Shri G.M. Siddeshwara in a written reply in Lok Sabha today.
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