It is reported that the Indian government will invest heavily in the coming years for the precision machining industry construction, which will provide a lot of opportunities for Chinese enterprises toIndia's development. According to the Confederation of Indian Industry data it shows that in 121 manufacturing, the industry is expected to grow 41 to 20%.
According to the American publishing company Gardner (Gardner Publications, Inc.) Statistics, in 2014,Indiais the world's 7th largest consumer of machine tools, machine tool industry, which ranked 16th in the world. Indian machine tool production in 2014 was $ 776 million, consumer spending amounted to $ 4.352 billion, $ 028 million exports of machine tools, machine tool imports of up to $ 1.804 billion, shows thatIndia's dependence on imported machine tools amounted to 77%.
Continued growth of the Indian machine tool industry, which mainly depends on the huge demand and the rapid development of the domestic auto parts industry brought. According to the Society of Indian Automobile Parts is expected to 2018, the Indian automobile and motorcycle parts and components industry will need $ 1.5 billion purchase of production equipment at least annually. In addition, the Indian government to actively increase infrastructure construction, such as the construction of railways, airports and highways needed construction machinery, transportation machinery, production of textiles, clothing, footwear and machinery and so will be the future demand for machine tools in India to promote the growth of the main Source.
According to industry analysts, the upstream part of the development of raw materials precision machinery and equipment manufacturing industry inIndiais quite perfect, in addition to a national production duties, is one of the world's major steel-producing countries. In the middle of the steel material secondary processing industry, due to casting, forging industry technical threshold problem does not exist, and the primary labor costs are low in India, many countries have turned to India beginning OEM procurement, especially more serious pollution problems foundry industry. Downstream Industrial Division with the industry due toIndiais not a traditional industrial countries, developed countries and regions inIndiacould not be achieved. Especially in precision machining, because ofIndia's machine tool is relatively backward, precision components suppliers will want to seek qualified and difficult.
CX-TOP precision Co.Ltd http://www.lkprecision-machining.com Professional supply CNCprecision machining,Precision parts, Precision components production.