According to Indian Machine Tool Manufacturer's Association (IMTMA), the current market size of the machine tool industry stands at around Rs12,300 crore of which the domestic production makes for only around 33% of the total consumption.

Driven by demand from key end user segments, such as automobiles and consumer durables, the industry is fast moving towards increasingly sophisticated CNC machines. Indian machine tool manufacturers can easily tap into this growing demand by leveraging on innovative technologies for their production. This would help them achieve higher productivity and quality and also gain a competitive edge on a global scale.
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