Indian machine tool industry to reach $3.8 billion by 2030, Karnataka at the forefront

According to MB PATIL, Minister of China, the Minister of China, Carnataka, that the Indian machine tool industry is expected to produce $ 3.8 billion by 2030 due to the dominance of the metal cutting category.

Lecture at the first event of IMTEX 2025 said that India was ranked ninth in the production of machine tools and ranked seventh in the world in consumption. He further emphasized that the sector made more than $ 2.2 billion in 2022.

The minister has emphasized an important role in the industry, which has been 52 % of the Indian machine tools in India, and has made the third largest contribution in the area of ​​the country.

“Chanataka has the home of major companies such as ABB, Siemens, BHEL, Larsen & Tubro. The state is innovation and precise by using the workforce with advanced skills gained by top -class educational institutions. Patertil can gain competitiveness in promoting manufacturing, “Pattyl said.

The Minister also emphasized the aggressive measures in Carnataka to promote industry growth, such as the formation of detailed fields and the formation of a vision group for partnerships with global industry organizations.

“Sustainability will be an important focus while adopting environmentally friendly practices in line with global goals and investors’ priority,” he added.

The event was also attended by the Minister of Industrial Minister of Heavy and Industry and the IMTMA executives.