Bengaluru, Jan. 21 -- India's machine tool industry is on a path to significant growth over the next decade, driven by expansion in key manufacturing sectors such as automobiles, electronics, defense, aerospace, and a thriving startup ecosystem.
Industry leaders said the country is steadily transitioning from import dependence to becoming a global player in high-precision and high-tech machine tools.
Speaking on the sector's long-term outlook, Jamshyd Godrej, Chairman of Godrej & Boyce, highlighted that India's growing manufacturing base is creating robust demand for machine tools.
"Over the next 10 years, as industries like automobiles, electronics, defense, and aerospace continue to expand, the demand for machine tools will remain stro...