India’s first integrated machine tool industry park (IMTP) is set to come up near Bangalore. The Indian Machine Tool Manufacturers’ Association (IMTMA), an apex body of machine tool makers, had conceived the idea of setting up the park and has chalked out a blue print for its execution.
The IMTMA has entrusted the task of preparing the detailed project report (DPR) to IL&FS, which is expected to be ready shortly.
The park will be a cluster of machine tool builders, makers of accessories, components, foundry among others. It will have a common facility centre for all companies setting up shop in the park. The IMTMA has proposed to set up the park on a 300-acre plot at Hosa Narasapur Industrial Area near Tumkur, with a provision to scale it up to 500 acres, Vikram Sirur, President, IMTMA, said.
“We have signed a memorandum of understanding with the Karnataka government during the Global Investors’ Meet 2012. The government has agreed to give land for the project near Tumkur. The project has been approved by the Government of India and we are expecting some concessions from the state government,” Sirur told Business Standard. He said, the IMTMA is also working with the government of India, department of heavy industries, to execute the machine tool park.
Once the land is allotted, the park would be developed within three years, he said.
So far, 47 member companies of IMTMA have shown interest in setting up their additional manufacturing units at the park. The park will also provide some common facilities to members like an effluent treatment plant, a testing lab and R&D centre for new technologies among others. It will typically help small and medium scale enterprises expand their manufacturing capacities.
The working group on capital goods, formed by the Planning Commission, in the run up to formulating the draft document for the 12th Five Year Plan, had recommended setting up at least three such parks across the country. The group had favoured setting up such parks under the public-private partnership (PPP) model with both the industry and government contributing finance and infrastructure.
