Opportunities in the Indian Machine Tool Sector

India is recognized as a challenging market, but at the same time as one of the most promising markets for machine tools in Asia. With a market size of around $1.4 billion, the machine tools industry in India is growing at 10 - 12 % annually. Imports constitute 65% of the total market share. The U.S. accounts for 6 - 7% of the total import market in the machine tools sector.The machine tool market offers significant opportunities for U.S. companies. The key influencing factors include increased investment in the automotive, defense, space, atomic energy, railways, steel, electrical, telecommunications, textile machinery industries etc. The growing presence of foreign businesses in India is also a strong indicator of its market potential.

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