News, 29 September 2025
The Government of India has sanctioned ₹3,000 crore to enhance the domestic manufacturing of power tools, aiming to reduce import dependency and bolster the country’s position in the global market. Currently, India holds approximately 2% of the global market share in hand tools and less than 1% in power tools. The government, through NITI Aayog, has set ambitious targets to increase India’s share to 25% for hand tools and 10% for power tools over the next decade.
This initiative is part of the government’s broader strategy to promote ‘Aatmanirbhar Bharat’ (self-reliant India) by encouraging domestic manufacturing and reducing reliance on imports. The allocation is expected to support the establishment of manufacturing clusters, provide incentives for research and development, and facilitate export-led growth in the power tools sector. Industry bodies have welcomed the move, highlighting its potential to generate employment opportunities and retain value within the country.
The focus on power tools, including drills, saws, and other equipment, aligns with the government’s vision to strengthen the manufacturing sector and enhance the competitiveness of Indian products in the global market. By investing in domestic production capabilities, India aims to position itself as a significant player in the power tools industry, catering to both domestic demand and international markets.
This strategic move underscores India’s commitment to fostering innovation, creating jobs, and building a robust manufacturing ecosystem that can compete on a global scale. As the initiative progresses, stakeholders across the industry are optimistic about the positive impact on the economy and the empowerment of the domestic manufacturing sector.
