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Home arrow Business News arrow Indian Toolrooms industry grew 13% annually over 2008-11: TAGMA
Indian Toolrooms industry grew 13% annually over 2008-11: TAGMA Print E-mail
Written by James   
Thursday, 13 October 2011
Bangalore: The Tool and Gauge Manufacturers Association (TAGMA) disclosed that the Indian Toolrooms industry experienced growth of 13% annually over a period of three years (2008-11) and estimated market size of Indian Toolrooms Industry is around Rs 13225 Crores for the FY2010-11.

TAGMA feels that the government and the OEMs should support the Indian Toolroom Industry through various initiatives to stimulate its growth and to reduce large scale imports.

Although the toolroom industry has made significant progress in last couple of years, there are still many problems. These include insufficient support on development programmes from government, lack of local industry development policy, poor financial condition & unavailability of funds to invest in infrastructure, government ignorance and unfavorable policies etc. All these issues are a major cause for the rising share of imports in Indian Toolroom industry.

TAGMA recently released the "The Indian Toolrooms Industry Report 2011", in Bangalore. It is a study, with a sample size of 523 organizations, covering Indian Auto OEM’s, Auto Component, Tractor, Plastic Molding, Electrical industry, Consumer Durable, Consumer Electronics, Packaging and General engineering etc.

Last Updated ( Friday, 14 October 2011 )
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