The machines and parts manufacturing industry is the backbone of the entire industrial manufacturing sector in India. The manufacture of machine tools, accessories and components is an integral and fast-expanding industry of the country and there has been a huge increase in machinery component and accessory suppliers. The entire industry can be clubbed under several broad categories such as machine tools, automobile parts, industrial machinery, textile machinery, and so on. The industry has received government support in the form of policies and incentives and allocation of required funds as per the Five Year Plans. The industry has witnessed rapid upgradation of technology in recent years, and has consistently manufactured better quality products, sometimes in collaboration with foreign players. The industry produces a wide range of products, some of which include gear cutting machines, presses, broaching machines, and so on. The machines and parts manufacturing industry has effectively responded to changing customer requirements through proper implementation of quality control and product standardisation measures. Hide this