Production value of plastic machinery in India FY 2014-2021
The production value of plastic machinery across India was approximately 37.1 billion Indian rupees in fiscal year 2021. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities. By 2022, the Indian electrical equipment industry was targeted to reach a market size of 100 billion U.S. dollars.
