Fitting Engine to Coaches: Indian Railways presents Machine Tool Industry with Opportunities
Indian Railways seems to be pushing boundaries these days. With the government hitting the fast track for designing coaches, wagon procurement, manufacturing state-of-the-art train sets, railways provides significant opportunities for manufacturing. The machine tool industry needs to stay tuned for these big ticket projects.
The Indian economy is expected to grow at healthy rate of 7.4 percent this year as per RBI estimates. The recent expansion activity seen in manufacturing industry augurs well for machine tool industry. Indian Machine tool industry has recorded a strong growth of more than 25% during 2017-18.
Edited by : Director General, Indian Machine Tool Manufacturers' Association. Email: imtma@imtma.in
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