India, the emerging global machine tool hub

January 27, 2007 12:49 IST

India is set to become the next global machine tool powerhouse, likely to see substantial high-end machine tool manufacturing, even as China keeps its lead in lower end volumes.

In the last month, at least eight prominent firms have announced plans for joint ventures or wholly owned subsidiaries in India.

Industry experts say the phenomenon is linked to the spurt in manufacturing, for which the machine tool sector serves as the mother industry.

Manufacturing capacity in developed economies is stagnating and the growth rate for the machine tool industry falling. Hence, shifting machine tool capacity to low-cost high-skill geographies like India has become imperative.

http://www.rediff.com/money/2007/jan/27india.htm

Looking at the comments in this article shows that they have religious problems. There is violence between the various religious groups (Hindu, Muslim, Sikh).

India and China are the world's leading steel producers and they're growing so that's another reason to move production over there. It's all synergistic. The MSM still tells us that we're number one--CBS recently showed how Caterpillar is the number one earth-moving equipment company. Yet, slowly they're chipping away. China produces a lot more steel than the U.S. and Japan.

Once these nations get their infrastructure improved, they'll blow us away because we're so messed up.