NITI Aayog’s Report on India’s Hand and Power Tools Sectors
On 22nd April 2025, NITI Aayog, in collaboration with the Foundation for Economic Development, released “Unlocking $25+ Billion Exports: India’s Hand & Power Tools Sector.”
- This report outlines a strategic plan to scale India’s tool exports from the current $1 billion to more than $25 billion by 2035.
- It outlines a strategic path for the sector to enhance its global competitiveness and capture a significantly larger share of the international market.
Key Insights
India’s Current Export Profile
- India’s hand tools sector has developed a robust MSME ecosystem with key manufacturing clusters in Punjab (Jalandhar, Ludhiana), Maharashtra (Mumbai, Nagpur), and ....
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