goods sector will also bode well for the manufacturing industryet what impact of the fy22 budget do you see on the msme sector and on the machine tool industryrr india has moved from a basic accounting budget to a more strategic one that lays out a map for industries on what to focus on in the long term and act with a proper vision the increase in capital expenditure on infrastructure projects by the government is extremely encouraging it is important to note that capital goods not only result in direct employment but is also a big multiplier for indirect employment also capex spend is a big driver of demand for capital goods like machine toolsfrom an economic point of view these are direct and indirect multipliers for example when railway infrastructure improves logistics costs will scale down helping manufacturing industries similarly the development of roads will aid in faster rotation of trucks helping industries to get raw materials perhaps a week earlier than it used to be the production turnout will also be faster and all these moves will have a cascading effect on the business ecosystem these developments augur well for msmes et what growth prospects do you see for the machine tool industry in the current financial yearrr the capital goods industry normally grows at 12 percentage points more than the gdp in any growing manufacturing economy we expect a higher growth rate in india due to a much lower base for machine toolset exports remain a big market for the machine tool industry how big is that opportunity and how do you envision the export potential playing outrr around 78 of the production is being exported currently we still have a long way to go imtma has formed a special interest group for enhancing exports to targeted countries and pushing up exports in three years substantially the association is also planning and strategising to identify industries and products and shortlisting countries for exports by shariq khan et online published on may 25 2022 at 0852 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app msme news manufacturing machine tool industry msmes pli imtma msme ministry msme innovative scheme atmanirbhar bharat aatmanirbhar bharat homenewsindustrymsmes should focus on skill development global best practices imtmas ravi raghavan