India targets $25B in tool exports by 2035: NITI Aayog

17 Apr 2025 CW Team

NITI Aayog has released a report titled Unlocking $25+ Billion Export Potential – India’s Hand & Power Tools Sector, highlighting a roadmap to scale India’s tool exports and strengthen its manufacturing ecosystem.

The global tools market is set to grow from $100 billion to $190 billion by 2035. India currently holds a small share—$600 million in hand tools (1.8 per cent) and $470 million in power tools (0.7 per cent)—while China dominates with nearly 50% market share.

The report estimates India can reach $25 billion in exports over the next 10 years by targeting 25 per cent of the hand tools market and 10% of the power tools market, potentially generating 3.5 million jobs. However, India faces a 14-17 per cent cost disadvantage versus China due to higher raw material costs, lower labour productivity, and high logistics expenses.

Key recommendations:

World-class tool clusters: 3–4 mega clusters covering ~4,000 acres under the PPP model with integrated infrastructure and housing.

Structural reforms: ease QCOs, rationalise import duties, and streamline EPCG and labour laws.

Bridge cost support: Rs 80 billion may be needed if reforms delay; seen as an investment with 2–3x tax returns.

The tools industry is a core enabler of manufacturing and crucial to India’s ‘Make in India’ goals. Strengthening this sector could help position India as a global manufacturing hub by 2047 under the Viksit Bharat vision.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..