2nd
in the production of both General-Purpose and Special-Purpose machinery.
Tamil Nadu, renowned for its expertise in precision engineering, heavy machinery manufacturing, and hydraulic systems, is home to numerous global manufacturers specialising in capital goods and heavy electrical equipment segments.
in the production of both General-Purpose and Special-Purpose machinery.
in the production of heavy electrical equipment, Nationwide.
The total market size of the industry stands at a substantial US$ 92 billion.
Over the past 3 years, the industry has exhibited steady growth, with a CAGR of approximately 7%.
FDI up to 100% is permitted under the automatic route, facilitating investment in the sector.