# Tsugami to invest ¥2 billion in machine tool capacity in India and China

Japanese machinery maker Tsugami will invest about 2 billion yen ($17.1 million) in fiscal 2017 to increase production capacities in China and India, aiming to meet rising demand for sophisticated machine tools.

- Type: Investment
- Announced: 2016-12-30
- Where: China and India, China
- Value: $17.1M (2.00B JPY)
- Starts operating: 2017
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tsugami](https://endata.com/companies/16561.md)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/tsugami-to-boost-machine-tool-capacity-in-india-china), 2016-12-29: "Japanese machinery maker Tsugami will invest about 2 billion yen ($17.1 million) to increase production capacities in China and India in fiscal 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.