NITI Aayog lays out roadmap to boost exports of hand and power tools

NITI Aayog proposes Rs 8,000 crore financial support, alongside labor and regulatory reforms, to boost India's hand and power tools exports. The aim is to capture a larger global market share, targeting $25 billion in exports and creating 3.5 million jobs. Addressing cost disadvantages and developing world-class clusters are crucial for achieving competitiveness against dominant players like China.