UNIDO to contribute $9 million to benefit cluster development
25 Aug '09
3 min read
According to UNIDO “The machine tool industry is the backbone of India's engineering sector. It has come a long way, but now needs to be further strengthened to cost-effectively produce quality machine tools through technological upgrade and market development. The Indian industry has an abundance of skilled manpower, basic raw materials, and a rising class of technical entrepreneurs. By addressing productivity, quality, reliability, service and technology, the performance of the Indian machine tool enterprises can be greatly improved.
The machine tool industry project will be implemented by the UNIDO-International Centre for Advancement of Manufacturing Technology (ICAMT) within the framework of the ongoing Country Programme of Cooperation between India and UNIDO for 2008-2012.
Project relating to Foundry clusters at Belgaum and Coimbatore will be launched shortly. UNIDO is the only specialized agency for industrial development in the UN system and has been working with governments, business associations and private companies to solve industrial problems for more than 40 years.
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