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Yes you can go into tool designing after completing your Diploma in Mechanical Engineering. This course is in demand for Diploma holders in Mechanical Engineering. You can either do part time or full time course in this.

You can get the following job roles after this:
Piping Designer
Maintenance Engineer
Quality Mechanical Engineer

Apart from Tool Designing, you can even do specialisation in following courses:
CATIA
ANSYS
Hydraulics
Pneumatics
AutoCAD

If you want to go for B.Tech, you will have to give entrance exams for respective colleges. Few of them  are:
JEE mains
MHTCET ( for Maharashtra )
TSEAMCET ( for Telangana )
GATE

To know more about tool designing courses kindly go through the given link:

https://www.careers360.com/courses/tool-engineering-course

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