Engineering & Machine Tools Expo Chennai 2015

India stands 16th in production and 11th in the consumption of machine tools in the world as per the 2014 Gardner Business Media survey. The country is set to become a key player in the global machine tools industry and is likely to see substantial high-end machine tool manufacturing.

Industry experts say that the phenomenon is linked to the spurt in manufacturing, for which the machine tools sector serves as the mother industry. Since, the manufacturing capacity is stagnating and the growth rate for the machine tools industry falling in developed economies, shifting machine tool capacity to low-cost high skill geographies like India, has become imperative.

Engineering & Machine Tools Expo Chennai 2015
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