Indian industry continues to face fierce competition from imported high-end machine tools
Gains are further supported by strengthening growth in mining production and manufacturing activity across India, as the government increases ease of doing business and beats on industrial corridors
Machine tools industry set to expand at a strong 13% CAGR over 2016-2021, facilitated by India’s accelerating production of motor vehicles
Industry’s turnover soars by 11% in 2016
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