The Centre is moving quickly to revive Hindustan Machine Tools (HMT), a once-prominent name in India’s engineering and manufacturing sector. The government is considering a revival package of more than ₹2,000 crore to strengthen the company and restart growth.
Heavy Industries Minister HD Kumaraswamy has reportedly submitted the revival proposal to Finance Minister Nirmala Sitharaman. The proposal is expected to be placed before the Union Cabinet for approval soon.
The proposed investment is aimed at improving HMT’s existing manufacturing facilities and making better use of its infrastructure and technical capabilities. The plan could give the state-owned company a fresh opportunity to expand its operations and strengthen its position in India’s manufacturing sector.
HMT has faced financial and operational difficulties for several years. Once a major engineering and manufacturing company in India, it has struggled to maintain its earlier scale and business performance.
The revival effort comes as the government focuses on increasing domestic manufacturing and making better use of important public-sector industrial assets. Reviving HMT could also support India’s broader push to strengthen local engineering and manufacturing capabilities.
The exact details of the ₹2,000-crore-plus package, including how much will be allocated to each HMT unit and how the funds will be used, are yet to be finalised.
The proposal will need Cabinet approval before the revival plan can move forward. If approved, the investment could mark a major new phase for HMT and its manufacturing operations.
