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Karnataka Opens Indiaâs First Integrated Machine Tool Park To Investors
by Swarajya Staff - Mar 1, 2021 08:45 AM
An industrial and transport equipment manufacturing factory.
Snapshot
With assistance from the Indian Machine Tools Manufacturers Association (IMTMA), the park has been developed jointly by the state government and the Central Department of Heavy Industries.
Adding to the slew of measures to woo industries and investment to the state, Karnataka has opened the countryâs biggest machine tool park for occupation.
The state, which accounts for 52 per cent of Indiaâs total share in machine tool production and 62 per cent of machine tool exports, has announced the opening of Indiaâs first integrated machine tool park named Tumakuru Machine Tool Park (TMTP).
India’s first machine tool park ready for investors
India’s first machine tool park ready for investors in Karnataka
Both state and central govts have set up a special purpose vehicle named Tumakuru Machine Tool Park (TMTP) to develop the new industrial cluster Feb 28 2021, 21:52 ist
updated: Mar 01 2021, 06:59 ist
Karnataka, which is home to India’s first Aerospace SEZ, electronics city and several IT parks, is now ready with India’s first integrated machine tool park.
The park, spread over 530 acres at Vasanthnarasapura, about 90 kms from Bengaluru, is developed under the scheme of Enhancement of Competitiveness in Indian Capital Goods Sector (ECICGS), jointly by the state government and the Department of Heavy Industries, Government of India.