The engineering sector in India has grown significantly in recent years due to increased investments in infrastructure and industrial production. It is an important sector for India's economy. Key growth drivers include capacity expansion in sectors like infrastructure, oil & gas, power and automobiles. The government has undertaken several initiatives to promote the engineering sector through organizations like EEPC India and policies supporting foreign investment, technical education and infrastructure projects. Exports of engineering goods have also risen, with transport equipment, iron & steel products and industrial machinery being leading categories. The sector is expected to continue growing as government spending on engineering and associated industries increases.
The Indian engineering sector is of strategic importance to the economy owing to its intense integration with other industry segments.
The engineering sector in India attracts immense interest from foreign players as it enjoys a comparative advantage in terms of manufacturing costs, technology and innovation.
Make in india,TURNING VISION INTO REALITYJyothi Gupta
Infrastructure- Has India initiated enough measures to get its infrastructure ready to fulfill its aspirations of a fully developed nation?
Opening up of Critical Sectors for Private Participation like Railways, Ports, Defence, Aviation etc
The Indian engineering sector is of strategic importance to the economy owing to its intense integration with other industry segments.
The engineering sector in India attracts immense interest from foreign players as it enjoys a comparative advantage in terms of manufacturing costs, technology and innovation.
Make in india,TURNING VISION INTO REALITYJyothi Gupta
Infrastructure- Has India initiated enough measures to get its infrastructure ready to fulfill its aspirations of a fully developed nation?
Opening up of Critical Sectors for Private Participation like Railways, Ports, Defence, Aviation etc
A research paper prepared by me on the Manufacturing Sector In India. It contains a SWOT analysis and possible outcomes in the future for the industry.
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The vision statement of official website, www.makeinindia.gov.in commits to achieve, among other things, an increase in manufacturing sector growth to 12-14 % per annum over the medium term, increase in the share of manufacturing in the country’s Gross Domestic Product from 16% to 25% by 2022 and importantly to create 100 million additional jobs by 2022 in the manufacturing sector alone.
Make in india - Challenges and way aheadavikrishna
this presentation gives glimpse of how "Make in india" campaign was coined and what are challenges in front of it. presentation also gives way ahead to this campaign.
A research paper prepared by me on the Manufacturing Sector In India. It contains a SWOT analysis and possible outcomes in the future for the industry.
Best presentation.All points such as sectors, live projects, their objectives, policies, DMIC project, and the most imp MAKE IN INDIA WEEK as sub headings. Need to search no where else if u get this. Best of luck friends.
The vision statement of official website, www.makeinindia.gov.in commits to achieve, among other things, an increase in manufacturing sector growth to 12-14 % per annum over the medium term, increase in the share of manufacturing in the country’s Gross Domestic Product from 16% to 25% by 2022 and importantly to create 100 million additional jobs by 2022 in the manufacturing sector alone.
Make in india - Challenges and way aheadavikrishna
this presentation gives glimpse of how "Make in india" campaign was coined and what are challenges in front of it. presentation also gives way ahead to this campaign.
Detailing the profile of the engineering sector, this presentation highlights the size and scale of the industry in the nation as well as the future path for development of the industry. It lays down key FDI polices as well as the current business opportunities.
• GSDP of manufacturing sector of Gujarat is ~ Rs. 131,889 crore (USD 26.4 billion) (at current prices) in 2010-11
• Total investment of 2010 in the manufacturing sector in Gujarat was Rs. 342,079 crore (USD 68.4 billion)
• CAGR of investments in manufacturing sector in last 6 years ~ 19%.
3. The Indian engineering sector has witnessed a remarkable growth over the last few years
driven by increased investments in infrastructure and industrial production. The sector,
being closely associated with the manufacturing and infrastructure sectors, is of strategic
importance to India’s economy.
India on its quest to become a global superpower has made significant strides towards
the development of its engineering sector. The Government of India has appointed the
Engineering Export Promotion Council (EEPC) as the apex body in charge of promotion of
engineering goods, products and services from India. India exports transport equipment,
capital goods, other machinery/equipment and light engineering products such as
castings, forgings and fasteners to various countries of the world.
4.
5. The engineering sector in India has been growing on the back of growth in the user industries
and several new projects being undertaken in various core industries such as railways, power,
infrastructure, etc. Capacity creation in sectors such as infrastructure, oil & gas, power,
mining, automobiles, auto components, steel, refinery, consumer durables, etc, is driving
growth of the engineering industry.
• Growth of the key user-industries
• Government’s thrust on the power and construction industries
• India being preferred by global companies as an outsourcing destination as it enjoys lower
labour cost and better designing capabilities
6. Barriers to entry
Barriers to entry are high at upper end of the industry as skilled manpower and technologies
as well as ability to execute large projects are a prerequisite in engineering sector. However,
in few construction businesses like road business, which are not very technologically inclined,
the company's expertise in execution is the key differentiator.
Bargaining power of customers
Bargaining power for technology driven and highly skilled segments is low. However, fierce
competition has increased bargaining power of customers in power generation.
7. • Cumulative FDI inflows increased to US$ 26.3 billion in FY16* from US$
8.9 billion in FY10.
• The government’s increasing focus on attracting foreign investors in
manufacturing and infrastructure is likely to boost FDI in the sector.
• FDI inflows includes Automobile industry, Electrical equipment,
Miscellaneous mechanical and engineering industry, Industrial machinery,
Machine tools, Agriculture machinery, Earth-moving machinery and
Industrial instrument.
8.
9. Key categories of engineering exports:
• Transport equipment (which includes Auto & auto component including
Aircraft and ship boats) is the leading contributor to engineering exports
accounting for 34.5 per cent of the total engineering exports in FY 15.
• Iron & Steel and products made of Iron & Steel have accounted around 22.9
per cent market share while industrial machinery including electrical
machinery accounted 21.9 per cent of the total engineering exports in FY15.
• Others commodities includes Medical and Scientific instruments, Hand tools
& Cutting tools, Bicycle parts, Office equipments , Prime Mica & Mica
Products etc. accounted 8.7 per cent of the total engineering exports in FY15.
10.
11. • The capital goods and engineering turnover in India is expected to reach 125.4
billion USD by the fiscal year 2017.
• Engineering exports from India in the fiscal year 2014-15 stood at 70.7 billion
USD registering a growth of 14.6 per cent over the previous fiscal, as demand in
key markets such as the US and the UAE is on the rise. Apart from these
traditional markets, markets in Eastern and Central European countries such as
Poland also hold huge promise.
• India exports its engineering goods mostly to the US and Europe, which accounts
for over 60 per cent of the total exports. Recently, India’s engineering exports to
Japan and South Korea have also increased with shipments to these two
countries rising by 16 and 60 per cent respectively.
12. • The engineering sector in India attracts immense interest from foreign
players as it enjoys a comparative advantage in terms of manufacturing
costs, technology and innovation. The above, coupled with favourable
regulatory policies and growth in the manufacturing sector has enabled
several foreign players to invest in India.
• The foreign direct investment (FDI) inflows into India’s miscellaneous
mechanical and engineering industries during April 2000 to June 2015
stood at around 4,053.72 million USD, as per data released by the
Department of Industries Policy and Promotion (DIPP).
13. • In the recent past there have been many major investments and
developments in the Indian engineering and design sector:-
• Toshiba Transmission and Distribution Systems (India) Pvt Ltd has bagged Rs
226 crore (US$ 33.46 million) contract from Kenya Power and Lighting
Company for around 8,000 distribution transformers.
• L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro, has
bagged an onshore EPC contract of over Rs 650 crore (US$ 96.25 million)
from Gujarat State Fertilisers and Chemicals (GSFC) for setting up 40,000
million tonnes per annum (mtpa) Melamine Plant at Fertiliser Nagar,
Vadodara.
• Vistara, the Tata Sons-Singapore Airlines JV, signed an agreement with
Airbus for engineering support services which include components supply
and airframe maintenance
14. • The sector has been de-licensed and enjoys 100 per cent FDI.
• The government has also taken steps to improve the quality of technical
education in the engineering sector by allocating a sum of Rs 500 crore (US$
75.33 million) for setting up five more IITs in the states of Jammu,
Chhattisgarh, Goa, Andhra Pradesh and Kerala.
• Steps have also been taken to encourage companies to perform and grow
better. For instance, EIL was recently conferred the Navaratna status after it
fulfilled the criteria set by the Department of Public Enterprises, Ministry of
Heavy Industries and Public Enterprises, Government of India.
15. • Prime Minister, Mr Narendra Modi announced a partnership between
Bloomberg Philanthropies and the Ministry of Urban Development,
Government of India, to advance the "Smart Cities Initiative."
• The Smart Cities Initiative is a historic effort to promote economic growth,
improve governance, and deliver more effective and efficient public
services to India's urban residents.
• Government of India has also taken initiatives to provide a level playing
field to domestic and foreign private players bidding for the government
contracts in defence sector.
16. • The engineering sector is a growing market. Spending on engineering services is
projected to increase to 1.1 trillion USD by 2020. With development in
associated sectors such as automotive, industrial goods and infrastructure,
coupled with a well-developed technical human resources pool, engineering
exports are expected to touch 120 billion USD by 2015.
• Also, the Union Budget 2014-15 has allocated funds for several infrastructure
projects which are further expected to provide a boost to the engineering
sector. The industry can also look forward to deriving revenues from newer
services and from newer geographies with Big Data, Cloud, M2M and Internet
of Things becoming a reality.