Bengaluru, NFAPost: Karnataka Large and Medium Industries Minister M B Patil stated on Thursday that the Indian machine tool industry is projected to generate revenue of $3.8 billion by 2030, driven largely by the dominance of the metal-cutting segment.
Speaking at the inaugural event of the 22nd edition of IMTEX 2025, organised by the Indian Machine Tool Manufacturers’ Association (IMTMA), he noted that India ranks 9th globally in machine tool production and 7th in consumption. He further highlighted that the sector generated over $2.2 billion in revenue in 2022.
“Karnataka plays a crucial role in the industry, accounting for 52% of India’s total machine tool production and ranks as the third-largest contributor to heavy engineering in the country. The Tumakuru’s Integrated Machine Tool Park (TMTP), a state-of-the-art 530-acre facility, has emerged as a hub for domestic and international investments in the sector,” said Karnataka Large and Medium Industries Minister M B Patil.
IMTEX is a flagship event of Indian Machine Tool Manufacturers’ Association for the metal cutting industry, where all the international brands participate for displaying their new technology trends in machine tools, cutting tools, metrology, CAD/CAM/CAE solutions and tooling systems.
Karnataka Large and Medium Industries Minister M B Patil said the state is home to leading players such as ABB, Siemens, BHEL, and Larsen & Toubro. The availability of a highly skilled workforce, nurtured by premier educational institutions, gives the state a competitive edge in driving innovation and precision manufacturing, M P Patil remarked.
The minister also highlighted Karnataka’s proactive measures to foster industrial growth, including the formation of vision groups for detailed sectoral planning and partnerships with global industry associations.
“Sustainability will be a key focus as we adopt environmentally friendly practices that align with global goals and investor priorities,” added Karnataka Large and Medium Industries Minister M B Patil.
Minister Patil also toured the exhibition, which showcased cutting-edge technologies from across the globe. Union Minister for Heavy Industries H.D. Kumaraswamy and Office bearers of IMTMA were also present at the event.
IMTEX has always been a showstopper for machine tool builders as one of the leading machine tool and manufacturing technology shows in the world. Participating in IMTEX would allow you to garner business orders, generate good business enquiries, connect with industry professionals, gain knowledge, and find new market opportunities.
