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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).
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