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India machine tools Market is expected to witness steady growth for the next five years. Rise in adoption of precision engineering to achieve high accuracy in complex manufacturing process is a major factor contributing to the growth of the automotive industry. High demand for semiconductors, sensors and laser and optics technology across the prominent industry verticals is aiding to high demand for machine tools market. Launch of Make in India campaign by government to boost the foreign investments in India with relaxation in taxes and other benefits is supporting the expansion of manufacturing sector.