Target Beneficiaries
Machine tool enterprises in Ludhiana & Batala (Punjab), Rajkot (Gujarat), Bangalore (Karnataka), Pune (Maharastra), Hyderabad (Andhra Pradesh) & Delhi NCR.
Machine Tool industry in India as a whole.
Expected Outcomes
Technology upgradation/ modernization of selected Machine Tool units.
Overall growth of the industry by 20% - 25% through the increase in production of components and accessories.
Export growth of 50%.
More than 500 specialists trained on machine tool design techniques.
Growth of 100% in manufacturing machine tool components.
The number of produced CNC machines would grow by 35%.
At least 15 distinctively new types of machine tools or those with considerable technology leap will be designed, developed and introduced to the market.