India is the second-largest manufacturer of industrial machinery after China. Industrial machinery is a broad term that defines any kind of mechanical device or mechanism used in business and trade. It can also refer to the machines used in the manufacturing industry.

The industrial machinery sector is one of the fastest-growing sectors in India. Industrial machinery manufacturing companies in India are mainly into manufacturing and exporting industrial products, including engineering products such as machine tools, pumps, compressors, turbines, spares and accessories, electrical products such as transformers, motors, and electrical equipment, etc.

The manufacturing sector contributes more than 15% of the country’s GDP and employs about 45% of its workforce. It has been estimated that by 2025, there will be around 500 million Indians entering the labor market which would mean an increase in demand for manpower.

The Indian government has taken several steps to promote manufacturing in India by offering incentives like tax holidays and subsidies on loans. However, there are many other factors that have contributed to the growth of this industry – low labor costs, availability of raw materials at competitive prices, proximity to large markets like Europe and China, etc.