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China's woes offer India a chance in $100 bn tools mkt
Mint New Delhi
|April 16, 2025
India's tiny share of the global tools trade can be scaled up substantially with dominant market leader China struggling with tariffs and increasing costs, according to a report from central government think tank Niti Aayog released on Tuesday.
India can build a $25-billion export-driven tools industry by 2035 while overcoming structural barriers and cost disadvantages with the right mix of bold policy reforms, global-scale manufacturing clusters, and public-private collaboration, the think tank said in the report. The tools industry comprises essential hand-held equipment used across industries for tasks like drilling, cutting, and fastening, supporting both industrial and everyday applications.
Cette histoire est tirée de l'édition April 16, 2025 de Mint New Delhi.
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