Machine Tools Industry is considered to be the backbone of engineering industry. And when it comes to production, Rajkot is the third largest Machine Tools Manufacturer in the country after Bengaluru and Pune. Currently, Rajkot is the leading manufacturer of conventional machine tools and with the increasing demand inflow; opportunities from across the globe are coming towards Rajkot.
The entry of big names such as AMW, ATUL AUTO, TATA, MARUTI, FORD and now GENERAL MOTORS into the Gujarat region has ensured that the market of auto ancillary industry is moving upwards. Rajkot is considered to overtake the current 3rd spot that it has in the coming few years as a few other major automobile manufacturers are also planning to have their manufacturing plants in the region making it a preferred AUTOMOBILE HUB.
With about 350 to 400 machine tool companies out of which 95% units are producers ofconventional machine tools and supply across India. According to industry sources, since the past few years, the share of local consumption of tools has also increased from 10% to 20% given the growth in auto parts, foundry and engineering industries in the country.
In the last couple of months, the automobile industry in India has seen a significant growth amidst fears of rising interest rates and raw commodity prices. Having a turnover of over 1200 crores, the Rajkot auto ancillary industry is growing by 35% per annum.
According to a report in the Business Standard: “The machine tools industry in Rajkot has been on the growth mode ever since the industry has changed gears from the last year.” According to the report, “as against a 25% rise in production capacity, order books for the industry have been rising by about 100%.”
During the financial year of 2010-2011, the industry has achieved its set target of Rs 800 Crores for turnover, posting a growth of 30% per annum. The Rajkot based industry has also lately seen support from the United Nations Industrial Development Organization (UNIDO) for technology upgradation.
To promote the Machine Tools Industry and to invite more business to Rajkot, KMG Business Technology and Machine Tools Manufacturers' Association – Rajkot has taken an initiative to organize “The Rajkot Machine Tools Show”, a complete engineering exhibition specifically designed to promote Machine Tools, Machinery, Automation & Automotive Technology and Material Handling.