India’s First Machine Tool Park Ready For Investors

Karnataka, which is home to India’s first Aerospace SEZ, electronics city and several IT parks, is now ready with India’s first integrated machine tool park.

The park, spread over 530 acres at Vasanthnarasapura, about 90 km from Bengaluru, is developed under the scheme of Enhancement of Competitiveness in Indian Capital Goods Sector (ECICGS), jointly by the state government and the Department of Heavy Industries, Government of India.  The Indian Machine Tools Manufacturers Association (IMTMA) has provided the technical assistance to the country’s biggest machine tools park which is ready for occupation.

Both the state and central governments have set up a special purpose vehicle named Tumakuru Machine Tool Park (TMTP) to develop the new industrial cluster.  It has 158 ready-to-build industrial plots of various dimensions.  The park is fully developed with proper layout, concrete roads, footpath, drainage, electricity, water linkage and even bus shelters.

“The government of India has set up an ambitious target of achieving $5 trillion economy by 2025, of which the manufacturing sector’s contribution will be around $1 trillion.  Within the manufacturing sector, the role of machine tools is vital.  To achieve these targets, we need to build a robust machine tool ecosystem and TMTP is an attempt in that direction,” said V. Anbu, Secretary General & CEO of Indian Machine Tool Manufacturers’ Association (IMTMA).

Already Karnataka is the third highest contributing state for heavy engineering in India.  It accounts for 52% of India’s total share in machine tool production and 62% of machine tool exports.

Many global and Indian companies such as TaeguTec, Yuken, HMT, BFW, AMS, Makino, Bosch, Kennametal and Liebherr are operating out of Karnataka.

The Tumakuru Machine Tool Park is developed at a cost of Rs.508 crore, of which Rs.125 crore each is the equity contribution of Karnataka and Central Governments.

Out of 158 industrial parks at TMTP, some of the large companies have taken 22 plots spread over 118 acres, and the balance plots are available for sale. TMTP has received applications from all major Indian Machine Tool OEMs and quite a few supply chain units. The first batch of applications has been reportedly considered by the empowered committee and land allotment has started. The TMTP will have some of the common facilities like common engineering facility centre, test and certification centre, incubation centre for startups, technical centre for training, seminars and conferences.    It is located within the Tumakuru Industrial Township on the Chennai-Bengaluru Industrial Corridor.

“The main idea of TMTP is to develop the machine tool industry.  The park is located at the Tumakuru nod of Chennai-Bengaluru Industrial Corridor.  Very soon there will be a dedicated railway line between Tumakuru and Davanagere that will pass through Vasanthnarasapura,” said Dr. N. Shivashankar, CEO, TMTP. Over the next few years, Tumakuru will emerge as a massive industrial hub in Karnataka, he stated.

“The park is built with state-of-the-art world-class modern amenities.  All domestic and foreign companies from machine tool sector are welcome to set up their units at TMTP,” he added.

The advantages of TMTP are its proximity to Dabhol-Bangalore gas pipeline, and quick access to Bangalore International airport (105 km).  The nearest seaport is just about 350 km away.  It is also located 4 km from the national highway connecting Bengaluru with Pune.

One big advantage for machine tool companies to establish their plants at TMTP is not only the domestic market, but that they can look at serving the entire Southeast-Asian market.

Some of the machine tool companies that have taken land at TMTP include BFW, Ace Designers, Ace Manufacturing Services, Jyoti CNC, Coastal Chrome India, Ace Multi Axes Systems, Anupam CNC Machining, Amwin Machining, Yuken, Magod Laser, Auto CNC, and Pragati Automation.