April 15, 2025 10:11 PM

India targets 10% global market share in power tools, 25% in hand tools

India is aiming to significantly expand its footprint in the global hand and power tools market, with a target of achieving $25 billion in exports over the next decade. According to a new report released by NITI Aayog on Tuesday, the country could potentially capture 10 percent of the global market in power tools and 25 percent in hand tools, generating approximately 35 lakh jobs in the process. The report, titled "Unlocking $25+ Billion Export Potential – India’s Hand & Power Tools Sec...