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India will invest in expanding lathe development

It is reported that the Government of India, will invest much money for infrastructure construction, it will provide a lot of opportunities for Chinese enterprises in India's development. According to data from the Confederation of Indian Industry, the manufacturing industry of 121, 41of them grow will expect to reach 20%.
According to Gardner American Publishing Company (Gardner Juan Publications, Inc.) Statistics, in 2011, India is the world's 7th largest machine tool consumer, the machine tool industry ranked 16th  in the world. Indian machine tool output value of 576 million U.S. dollars in 2011, consumption amounted to $ 2.352 billion, $ 028 million of exports of machine tools, imported machine tools up to 1.804 billion U.S. dollars, we can see that, India's dependence on imports of machine tools up to 77%.
Indian machine tool industry's continued growth depends mainly on its huge demand by the rapid development of the domestic auto and auto parts industry. According to the Society of Indian automotive component: it is expected in 2018, the Indian automobile and motorcycle parts industry will be at least $ 1.5 billion purchase of production equipment. In addition, the Government of India is actively increasing infrastructure construction efforts, such as the construction of railways, airports and highway construction machinery, transport machinery, used in the production of textile, clothing, footwear, machinery and so will be the future to promote the growth in demand for machine tools in India sources.


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