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India increases investment in the development of machine tool industry
The chairman of the Indian Machine Tool Manufacturers Association (IMTMA) said recently that India's domestic machine tool demand is over-reliance on imports. The domestic machine tool industry must reduce the technological gap with international advanced products by increasing productivity to reduce imports and enhance the impact of Indian machine tools in the export market. force. According to reports, in the next 2-3 years, the Indian machine tool industry plans to invest 20 billion to 30 billion rupees, and through independent innovation and development, and strive to increase the machine tool industry by 35%.