Archive · 19 Sep 2026
India's Tools Sector Targets Global Growth Under Atmanirbhar Push
India wants to make more tools and equipment inside the country.
This plan is linked to the government's Make in India and Atmanirbhar Bharat goals.
Industry leaders say small businesses must use newer digital technologies to grow.
They also say workers need safer tools, better maintenance and safer workplaces.
The global market for cutting tools could reach $30 billion by 2030.
India's power tool market is aiming for $15 billion.
India also hopes to export $25 billion worth of hand and power tools by 2035.
A large tools expo in New Delhi is showcasing products and new technologies from India and other countries.
The global cutting tool market is projected to reach $30 billion by 2030.
India's power tool market is targeting $15 billion, supported by domestic consumption and the production-linked incentive ecosystem.
India's hand and power tool exports are aiming for $25 billion by 2035.
Industry and policymakers urged MSMEs to adopt Industry 4.0, improve occupational safety and build localized skilled supply chains.
Tools & Equipment Expo 2026 features more than 300 exhibitors, 2,000 products, 150 launches and over 8,000 industry professionals.
- Who
- India's government, policymakers, industry leaders and micro, small and medium enterprises.
- What
- The tools and equipment sector is pursuing faster manufacturing growth, digital upgrades, safer workplaces and expanded exports.
- When
- The Tools & Equipment Expo 2026 opened on September 17 for three days; the market targets extend to 2030 and 2035.
- Where
- Bharat Mandapam in New Delhi, India.
- Why
- To support self-reliant manufacturing, improve MSME competitiveness, expand exports and strengthen occupational safety.
- Global cutting tool market
- Projected to reach US$30 billion by 2030.
- India power tool market
- Targeting $15 billion, driven by domestic consumption and the production-linked incentive ecosystem.
- Export ambition
- India's hand and power tools exports are targeting $25 billion by 2035.
- MSME financing
- A Rs 100 crore collateral-free credit push is being positioned alongside technology upgrades.
- Industry 4.0 integration
- More than 750 units in Gujarat are currently being integrated into an Industry 4.0 ecosystem under the RAMP scheme.
- Expo participation
- The event has more than 300 exhibitors, over 2,000 products, more than 150 new launches and over 8,000 industry professionals.
- International participation
- Exhibitors include participants from Germany, China, Taiwan and Hong Kong.