Kar­nataka to set up Ma­chine Tool Park in Tumkur

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The Kar­nataka Govern­ment will set up the coun­try’s first In­te­grated Ma­chine Tool In­dus­try Park in Tumkur district at a cost of Rs 447 crore. The pro­ject at Hosa Narsa­pur, a joint ven­ture be­tween the Cen­tral and State gov­ern­ments, will come up on 500 acres with a Cen­tral grant of Rs 125 crore.

The park will be a clus­ter of ma­chine tool builders, mak­ers of ac­ces­sories, com­po­nents and foundry, among oth­ers, and will help small and medium-scale en­ter­prises to ex­pand their man­u­fac­tur­ing ca­pac­i­ties. Once func­tional, it is ex­pected to boost the do­mes­tic turnover of ma­chine tools, re­duce im­ports, save for­eign ex­change and cre­ate over 4000 jobs in man­u­fac­tur­ing and ad­min­is­tra­tive fields.

Af­ter in­au­gu­rat­ing the IMTEX 2017, the Kar­nataka Chief Min­is­ter, Sid­dara­ma­iah, said, “It is well known that ma­chine tools are the back­bone of man­u­fac­tur­ing and a strong ma­chine tool in­dus­try pro­pels strong man­u­fac­tur­ing which in turn spurs the econ­omy. Kar­nataka was the cra­dle of the ma­chine tool in­dus­try which has now grown to pro­duce over 50% of In­dia’s ma­chine tools. Keep­ing this in view the govern­ment, along with the in­dus­try, has charted out a plan for de­vel­op­ing a ma­chine tool park in the State.” Ac­cord­ing to the Pres­i­dent of IMTMA (In­dian ma­chine Tool Man­u­fac­tur­ers’ As­so­ci­a­tion), P G Jadeja, “The in­dus­try’s long- cher­ished de­sire of set­ting up an in­te­grated ma­chine tool in­dus­trial park for de­vel­op­ment of the man­u­fac­tur­ing tech­nol­ogy in In­dia is now be­com­ing a re­al­ity with the Govern­ment of Kar­nataka giv­ing a Cab­i­net nod to­wards this. We are ex­tremely happy with this de­ci­sion.”

“This ini­tia­tive will help the de­vel­op­ment of sup­ply chain by at­tract­ing in­vest­ments in ma­chine tool and mainly an­cil­lary in­dus­tries which in turn will help the over­all de­vel­op­ment of MSMEs and large OEMs in the sec­tor,” he said.

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