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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..