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Showing posts from October, 2019

Development of India's Machine Tool Industry

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India stands amongst one of the top producers are well as the consumers of the machine tools. With the launch of Make in India and the promotion of manufacturing units, for which the machine tools industry plays a major role, the growth has been highly exponential. The country is all set to play an important role all throughout the world in the Machine tool industry. Not only that but the investment opportunities are seen in the sector is also highly positive and showcases a really good situation. As seen in the recent past, the machine tool industry had been in a not so good condition since the year 2000. However, with the increase in foreign investments in India for outsourcing products, the sector has been seeing rapid growth. The growth in the die tool manufacturers also gave an opportunity for the machine tool industry to grow. Now, the situation of the machine tool industry in India is such that it has been exporting high-quality machine tools to countries more advanced

SWOT Analysis of the Machine Tool Industry in India

The strategic importance of the Indian machine tool industry is steadily increasing, because of which the press tool manufacturers ,  die tool manufacturer, or another machine tool manufacturer requires an effective corporate strategy in order to achieve sustainably advantage. SWOT Analysis is one of the most highly accepted methods of analyzing Strengths, Weaknesses, Opportunities, and Threats of an organization's strategic management policy. It should be kept in mind that the use of a trite SWOT analysis is founded on the qualitative analysis and has no means of determining the significance of each SWOT facet. Generally, the aim of SWOT analysis is determining not only the strengths and weaknesses of an organization but also the opportunities and threats of that particular organization in the environment. Strengths (S) Market-related strengths (S m ) High market competitiveness user (S m1 ) Wide market extent (S m2 ) Ample competiti