Heavy Engineering Equipment and Machine Tools Industry

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Heavy Engineering Equipment and Machine Tools Industry is the backbone of the entire manufacturing sector. Being a part of capital goods sector which contributes 12% to the manufacturing sector, represents a vast multi-disciplinary field with numerous end use application areas. The capital goods sector plays a major role to build economy of the country. It has a strong production base capable of manufacturing the diverse range of machinery and equipment to serve a cross section of user industry segments ranging from defence, oil and gas, refinery, nuclear, chemical and petro chemicals, machine tools, to consumer durables, fertilizers, automobiles, textiles, steel, cement, paper, construction, mining, etc. It contributes more than Rs.25,000 Cr. to the Government exchequer annually in terms of various taxes and levies. The annual production of the capital goods industry is approx. Rs. 2 lakh crore (including heavy electrical equipment). Potential of the capital goods sector in India is still largely untapped. For development of Machine Tools, Textile Machinery and Construction & Earthmoving Machinery, Development Councils have been constituted by the Department. The major Industry Associations associated with this sector are Textile Machinery Manufacturers Association (TMMA), Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA), Indian Machine Tools Manufacturers Association (IMTMA) and Indian Construction Equipment Manufacturers Association (ICEMA).

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