The Economic TimesMay 25, 2022If India wants to be a manufacturing powerhouse, it first needs to be a leader in machine tools:....India is home to a vibrant machine tools industry. Part of the capital goods sector, which contributes about 12% to the country’s manufacturing output, the machine tool industry plays a crucial role in propelling the economy. The segment also remains central to the government’s flagship Make in India and Skill India initiatives.With MSME units making up over 70% of this segment, the government has lately been pushing small businesses to be the catalyst in its plan towards an Atmanirbhar Bharat (self-reliant India). The MSME Ministry recently launched the MSME Innovative Scheme, a new strategy that combines innovation in incubation, design intervention and IPR protection.Read more at The Economic Times
India is home to a vibrant machine tools industry. Part of the capital goods sector, which contributes about 12% to the country’s manufacturing output, the machine tool industry plays a crucial role in propelling the economy. The segment also remains central to the government’s flagship Make in India and Skill India initiatives.With MSME units making up over 70% of this segment, the government has lately been pushing small businesses to be the catalyst in its plan towards an Atmanirbhar Bharat (self-reliant India). The MSME Ministry recently launched the MSME Innovative Scheme, a new strategy that combines innovation in incubation, design intervention and IPR protection.Read more at The Economic Times
