Unlocking $25+ Billion Exports: India’s Hand & Power Tools Sector

Summary

India's hand and power tools sector, despite having significant potential, is hindered by high structural costs, inefficient resource utilization, and a lack of scale, which collectively limit its global competitiveness. NITI Aayog proposes a strategic framework to boost exports to over $25 billion by 2035, focusing on creating world-class industrial clusters, reforming structural cost barriers, and providing targeted support. This roadmap aims to capitalize on global supply chain shifts and is projected to create 3.5 million jobs, positioning India as a major player in the international tools market.

Key Facts

Source Document

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