The document provides an overview of the engineering and capital goods sector in India. It discusses the key segments in heavy engineering such as machine tools, textile machinery, cement machinery, material handling equipment, construction equipment, dies, moulds and tools, and process plant equipment. It also covers the major segments in heavy electrical including boilers, turbines and generator sets, transformers, and switchgear and control gear. Some of the main points covered are that the capital goods market in India is estimated to reach $115.17 billion by 2025, growing at a CAGR of 6.42%, and the electrical equipment market is projected to reach $100 billion by 2022. Engineering research and design revenues are expected to increase four
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. Table of Content
Executive Summary……………….….…….3
Advantage India…………………..….……..5
Market Overview …………………….……..7
Strategies Adopted………….….…..……..20
Growth Drivers…………………….............22
Opportunities…….……….......……………35
Industry Associations……………....……...44
Case Studies….……………....……………41
Useful Information……….......…………….46
3. For updated information, please visit www.ibef.orgEngineering and Capital goods3
EXECUTIVE SUMMARY … (1/2)
Electrical equipment market size (US$ billion)
21
100
0
50
100
150
FY17 2020F
E R&D (US$ billion)
28
45
0
10
20
30
40
50
FY18* 2020F
Capital goods turnover (US$ billion)
70.00
115.17
0
50
100
150
2017^ 2025F
Increasing industrialisation and economic development drives growth
in the capital goods market.
Turnover of the capital goods industry is estimated to have reached
US$ 70.00 billion by 2017 and is forecasted to grow to US$ 115.17
billion by 2025.
Growth in the power industry is expected to drive growth in the
electrical equipment industry.
Electrical equipment market size is forecasted to reach US$ 100
billion by FY22 from US$ 21 billion in FY17.
Engineering research and design segment revenues to increase
fourfold by 2020.
ER&D revenues projected to reach US$ 45 billion in FY20 from US$
28 billion in FY18.
CAGR 6.42%
CAGR 24.9%
Source: Dept. of Heavy Industries, India Electrical and Electronics Manufacturer Association, NASSCOM, Business Today
Note: ^As per media reports from November 2017, *including product engineering services
4. For updated information, please visit www.ibef.orgEngineering and Capital goods4
EXECUTIVE SUMMARY … (2/2)
Production by CPSEs under DHI (US$ billion)
6.03
4.88 5.15 5.32 5.76
0.00
2.00
4.00
6.00
8.00
FY15 FY16 FY17 FY18A FY19T
Construction equipment sales are expected to increase from 68,000
in FY17 to 74,990 in FY18.
Construction equipment market projected to reach US$ 7 billion by
2020 from US$ 4.2 billion in 2017.
Indian telecom equipment market to increase at a growth rate of 50
per cent by 2020.
Telecom equipment market to reach US$ 30 billion by FY20 from
US$ 20 billion in 2016.
Increased production of Central Public Sector Enterprises (CPSEs).
Production by CPSEs under DHI increased to Rs 34,290.91 crore
(US$ 5.1 billion) in FY18A from Rs 31,939.18 crore (US$ 4.88 billion)
in FY16.
Note: DHI - Dept. of Heavy Industries, A – Anticipated, T – Tentative, *Exchange rates used are average for the year, provided on page 48, 2017-18^ - up to February 2018
Source: Booz and Company, Ministry of Heavy Industries and Public Enterprise, ACE annual report 2016-17, ICEMA, News Articles, DGCIS,
*Telecom equipment exports (US$ million)
1,195.52
1,434.42 1,502.89
0
500
1,000
1,500
2,000
2015-16 2016-17 2017-18^
Construction equipment sales volume (in units)
49,700 52,900
68,000
74,990
0
20,000
40,000
60,000
80,000
FY15 FY16 FY17 FY18
6. For updated information, please visit www.ibef.orgEngineering and Capital goods6
ADVANTAGE INDIA
Capacity creation in sectors such as infrastructure,
power, mining, oil and gas, refinery, steel,
automotive and consumer durables driving demand
in the engineering sector
Rising demand for electrical and construction
equipment
Nuclear capacity expansion to provide
significant business opportunities to the
electrical machinery industry
Rapid increase in infrastructure investment
and industrial production to fuel further
growth
Entry of international players
Comparative advantage vis-à-vis peers
in terms of manufacturing costs,
market knowledge, technology and
creativity
Highly organised sector, dominated by
large players employing over 4 million
skilled and semi-skilled labour
De-licensed engineering sector; 100 per
cent FDI permitted
Cumulative FDI into the miscellaneous
mechanical and engineering sector , during
April 2000 to December 2017, stood at US$
3,389.27 million.
Basic customs duty was reduced from 10
per cent to 5 per cent on forged steel rings
used in wind operated electricity generators
ADVANTAGE
INDIA
Source: Government of India, Ministry of Heavy Industries, Department of Industrial Policy and Promotion, India Electrical and Electronics Manufacturer Association
Notes: FDI - Foreign Direct Investment, FY - Indian Financial Year (April – March), US$ - US dollar
8. For updated information, please visit www.ibef.orgEngineering and Capital goods8
TWO MAJOR SEGMENTS
Engineering
Heavy engineering
Light engineering
Heavy electrical
Heavy engineering and
machine tools
Automotive
Low technology
products
High technology
products
9. For updated information, please visit www.ibef.orgEngineering and Capital goods9
HEAVY ELECTRICAL – KEY SEGMENTS
As per the latest data available, the Indian boiler industry has the capability to manufacture boilers with super
critical parameters up to 1000 MW unit size.
The industry’s market size was US$ 2.2 billion in FY15 and reached US$ 5.8 billion in FY17 and expected to
reach US$ 11.7 billion in FY22.
Boilers
Source: Ministry of Heavy Industries and Public Enterprise Annual Report, Aranca Research
As per the latest data available, the industry manufactures various turbines in the range of 800–7000 MW per
annum and generators ranging from 0.5 KVA to (ones even higher than) 25000 KVA.
Foreign players like Siemens also in race to supply Indian market.
Total production of turbines and generators stood at approximately US$ 6.6 billion in FY17 and is expected to
reach US$ 13.4 billion by FY22.
Turbines and generator
sets
A whole range of power and distribution transformers, including special type of transformers required for
furnaces, electric tracts and rectifiers, are manufactured in India. The Ministry of Power, Government of India
is target of adding 93,000 MW by 2022, promises a huge potential for the transformer market. Revenues are
expected to grow at CAGR of 14 per cent till 2018.
The transformers market in India was valued at US$ 1.78 billion in FY16 and is estimated at US$ 5.9 billion in
FY17 and expected to reach US$ 11.1 billion by FY22.
Transformers
Production of switchgears and control gears is projected to witness a CAGR of 10 per cent during 2012-17, to
reach about 33.7 million units
The switchgear market size touched US$ 2.4 billion in FY15 and is estimated at US$ 4.4 billion in FY17 and
US$ 8.2 billion in FY22
Switchgear and control
gear.
Notes: MW - Mega Watt, KVA - KiloVolt - Ampere
10. For updated information, please visit www.ibef.orgEngineering and Capital goods10
It comprises over 1,446 units involved in churning out machinery and components; another 600 units
manufacture complete machinery
Market size of textile machinery stood at US$ 3.8 billion in 2017 and is expected to reach US$ 5.2 billion by
2021.
The industry had produced goods worth Rs 6,650 crore (US$ 991.21 million) in FY17.
In FY17, total exports from textile machinery stood at US$ 363.39 million.
Cement plants based on raw mill grinding, pre-processing and cement grinding process technology (for
capacities up to 10,000 TPD) are being manufactured in India
Currently,100 per cent FDI is allowed under the automatic route
With an installed capacity of around 455 million tonnes as of 2017-18, the industry is capable of catering to
the domestic demand, the growth in construction to drive cement demand in coming years owing to new
government’s policy.
Material handling equipments have 4 categories: storage and handling equipments, engineered systems,
industrial trucks and bulk material handling
With around 50 units in the organised sector, the material handling equipment industry is engaged in the
setting up of coal/ore/ash handling plants and manufacturing associated equipment
This segment churns out basic machinery for all major industries and determines competitiveness in other
sectors such as automobiles, heavy electrical and defence
Nearly 200 machine tool manufacturers are operational in the organised sector along with 400 small-scale
units
Production of machine tools totalled Rs 5,803 crore (US$ 896.35 million), while exports stood at Rs 360 crore
(US$ 55.61 million) in FY17.
HEAVY ENGINEERING – KEY SEGMENTS ... (1/2)
Source: Indian Machine Tool Manufacturers' Association, Textile Machinery Manufacturing Association, Cabinet Committee on Infrastructure report, ITMACH India
Notes: TPD - Tonnes Per Day
Machine tools
Textile machinery
Cement machinery
Material handling
equipment
11. For updated information, please visit www.ibef.orgEngineering and Capital goods11
HEAVY ENGINEERING – KEY SEGMENTS ... (2/2)
Source: Ministry of Heavy Industries and Public Enterprise Annual Report 2012-13 and 2013-14, PLEX Council, Aranca Research
Currently, 20 large and global manufacturers and 200 small and medium manufacturers operate in the
industry
The construction equipment industry’s size is estimated to reach US$ 7 billion by 2020 from US$ 4.2 billion in
FY17.
It includes over 500 commercial tool manufacturers
Total production of dies, moulds and tools was expected to touch US$ 3.68 billion in FY15
Exports in the industry was expected to touch US$ 828.3 million in FY15
Dies, moulds and tools
industry
Over 200 manufacturers are engaged in the production of process plant machinery
Nearly 65 per cent of the total manufacturers are small and medium enterprises
Production and exports stood at US$ 2.91 billion and US$ 1.38 billion in FY17, respectively.
Process plant equipment
Earth moving,
construction and mining
equipment
There are 11 major and nearly 200 small and medium manufacturers
Total consumption of plastics in India is expected to grow from 12 million metric tonnes per annum (MMTPA)
in 2016 to 20 MMTPA by the end of 2020. Number of machines deployed will increase from 113,000 in 2016
to 180,000 by 2020.
India’s demand for plastics in irrigation alone was pegged to cross 2.5 MT in 2015 while the plastic in
packaging would expected to increase 9MT by 2020.
Plastic processing
machinery
Note: Information is as per latest available data
12. For updated information, please visit www.ibef.orgEngineering and Capital goods12
AUTOMOTIVE – KEY SEGMENTS
Source: Ministry of Heavy Industries and Public Enterprise Annual Report, SIAM, Cabinet Committee on Infrastructure report, ACMA, Aranca Research
The auto components industry has more than 500 companies in the organised sector and about 10,000
entities in the unorganised sector
During 2016-17, exports of auto components increased at a CAGR of 9.96 per cent, from US$ 5.1 billion in
FY09 to US$ 10.9 billion in FY17.
In March 2017, Wipro opened an automotive engineering centre in Detroit North America, to serve as a hub
to support automotive engineering and IT requirements of Original Equipment Manufacturers (OEMs) and
tier-I suppliers.
Auto components
Agricultural tractors dominate the agriculture machinery sector
The Indian tractor industry is the world’s largest and accounts for one-third of the global production, and is the
cheapest producer world over providing room for more exports in tractors
Indian tractors are exported to the US, Malaysia, Turkey and Africa
In November 2016, the Central Government directed the states of Punjab, Haryana and U.P. to promote use
of agri-equipment for effective management of crop residue
Agriculture machinery
Currently, there are 16 manufacturers of passenger cars and multi-utility vehicles, 13 manufacturers of
commercial vehicles and 16 manufacturers of 2 wheelers and 3 wheelers
Total production in the automobiles sector reached 29.08 million units in 2017-18.
Passenger vehicle sales in India increased 9 per cent in FY18.
Passenger and utility
vehicles
13. For updated information, please visit www.ibef.orgEngineering and Capital goods13
LIGHT ENGINEERING – KEY SEGMENTS
Source: Ministry of Heavy Industries and Public Enterprise Annual Report, Association of Indian Forging Industry (AIFI), IVG Research, Aranca Research
The medical and surgical equipment industry manufactures a wide range of medical equipment such as ECG
and X-ray scanners
The indigenous industry caters to 40 per cent of demand, while the remaining is met through imports.
Exports of medical and scientific instruments reached US$ 1.27billion in FY18*.
Medical and surgical
equipment
The fastener industry in India can be classified into high tensile and mild steel fasteners
Mild steel fasteners are primarily manufactured by the unorganised sector, while the high tensile steel
segment is dominated by the organised sector
Industrial fasteners
With 11 million tonnes of casting production in 2017, India overtook US to become the second largest casting
producer globally.
The total production by the Indian forging industry in 2016-17 stood at 2.39 MMT and is expected to reach
2.97 MMT in FY18.
Casting and forging
Notes: MMT - Million Metric Tonnes MT-Million Tonnes, * up to February 2018.
14. For updated information, please visit www.ibef.orgEngineering and Capital goods14
ROBUST GROWTH IN INDIA’S ENGINEERING
EXPORTS OVER THE YEARS
33.7
40.5
32.6
49.8
58.6
56.8
61.6
70.6
58.8
65.2
76.2
6.98
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Engineering exports from India grew 16.81 per cent to US$
76,204.38 million in FY18 from US$ 65,239.19 million in FY17.
During FY08–FY18, engineering exports from India registered
growth at a CAGR of 8.50 per cent
Engineering exports include transport equipment, capital goods,
other machinery/equipment and light engineering products such as
castings, forgings and fasteners.
Electrical equipment industry’s production for FY17 is estimated at
US$ 23.64 billion
Visakhapatnam port traffic (million tonnes)India’s engineering exports (US$ billion)
CAGR 8.50%
Notes: FY- Fiscal Year, FY19* - As of April 2018
Source: Reserve Bank of India, Engineering Export Promotion Council, Engineering Export monitoring report, Ministry of Commerce and Industry Estimates, Aranca Research
15. For updated information, please visit www.ibef.orgEngineering and Capital goods15
KEY CATEGORIES OF ENGINEERING EXPORTS
23.59%
20.59%
16.56%
13.37%
10.08%
8.79%
4.04%
2.97%
Iron and Steel and Products
made of Iron and Steel
Automobiles
Industrial Machinery
Non-Ferrous Metals and
Products made of Non-Ferrous
Metals
Other engineering products
Electrical Machinery
Ships Boats and Floating
products and parts
Aircrafts and Spacecraft parts
and products
Engineering exports of India can be divided into eight major
categories.
Out of these eight categories, Iron and Steel and Products of Iron
and Steel form a substantial share (23.59 per cent) of the total
engineering exports.
Automobiles (20.59 per cent) and Industrial Machinery (16.56 per
cent) also contribute a major share of total exports.
Visakhapatnam port traffic (million tonnes)Engineering export performance (FY18)
Source: Engineering Export Promotion Council,
16. For updated information, please visit www.ibef.orgEngineering and Capital goods16
KEY PLAYERS ... (1/2)
Company Revenues (FY17) Products
Larsen and Toubro US$ 17.07 billion
Engineering and construction, cement,
electrical and electronics
Bharat Heavy Electricals Ltd US$ 4.47 billion
Power generation, transmission,
transportation
Siemens India Ltd(1) US$ 1.81 billion
Power generation and distribution
equipment, transportation systems,
communication and healthcare products
ABB India Ltd US$ 1.34 billion
Transformers, switch gears, control gears
Crompton Greaves Ltd US$ 0.61 billion
Power generation and transmission
equipment
Source: Company Annual reports, News article, Money control, Bloomberg, Aranca Research
17. For updated information, please visit www.ibef.orgEngineering and Capital goods17
KEY PLAYERS ... (2/2)
Company Revenues (FY17) Products
Engineers India Ltd
US$ 0.26 billion
Highways and bridges, mass rapid
transport systems construction, specialist
materials manufacturing
Kirloskar Oil Engines Ltd US$ 0.45 billion
Engines, engine bearings and valves, grey
iron casting
Cummins India Ltd US$ 0.84 billion
Power generation, construction and mining
equipment, fire pumps and cranes,
compressors
Thermax US$ 0.73 billion
Boilers, heaters, air pollution and
purification, absorption cooling
BGR Energy US$ 0.53 billion Boilers, turbines, generators
Source: Company Annual Report, News article, Aranca Research
18. For updated information, please visit www.ibef.orgEngineering and Capital goods18
Several companies in the engineering sector have diversified, either geographically (mainly to Middle Eastern
countries) or sector-wise
BHEL plans to foray into Ukraine
Simplex Infra has moved to the Middle East
Larsen and Toubro (L&T) has diversified into power equipment manufacturing
Thermax entered the power utility segment
NOTABLE TRENDS IN THE INDUSTRY
Source: Aranca Research
Rising competition is driving domestic players to focus on improving their capabilities, become more quality
conscious and upgrade their technology base in line with global requirements
More than 2,500 firms in the engineering sector have ISO 9000 accreditation
Companies are increasingly focusing on R and D and product development
To enhance competitiveness in India’s capital goods industry, the Dept. of Heavy Industry has approved 4
Centres of Excellence in textile machinery, machine tools, welding technology and smart pumps.
Shift to value-added
products
With 100 per cent FDI allowed through the automatic route, major international players such as Cummins,
ABB and Alfa Laval have entered the Indian engineering sector due to growth opportunities
As of May 2018, Larsen & Toubro is going to sell its electrical and automation business to Schneider Electric
for a consideration of Rs 14,000 crore (US$ 2.17 billion).
In September 2017, Force Motors Ltd entered into a joint venture (JV) with Rolls Royce Power Systems AG
to form an Indian company which will manufacture engines for power generation and rail application.
As of September 2017, with an aim to increase its presence in India, Denmark-based heating ventilation and
air-conditioning (HVAC) giant, Danfoss, is planning to take its manufacturing localisation to 50 per cent as
well as double its supplier base in India by 2020.
Entry of international
companies
Diversification
Notes: BHEL - Bharat Heavy Electricals Ltd
19. For updated information, please visit www.ibef.orgEngineering and Capital goods19
Porter’s Five Forces Framework Analysis
Bargaining power of suppliers is low
due to cut-throat competition
Suppliers have a strong hand in the
high-end technology segment
Bargaining Power of Suppliers
Threat is low because of the nature of
the industry
Even if the buyer wants to revamp or
renovate its existing stock, it is likely
to go to the same players
Threat of Substitutes
Competition is intense among major
players
Companies basically compete on
pricing, experience in a particular
field, product quality, and capability of
handling projects
Small companies are also trying to
revamp their scale and size
Competitive Rivalry
Threat is low considering the capital
intensive nature of the industry and
reputation attached to the existing
players
Threat of New Entrants
Bargaining power in tech- oriented
segments is low
Competition in power generation and
T and D equipment sector gives
bargaining power
Bargaining Power of Buyers
Positive Impact
Neutral Impact
Negative Impact
Source: Aranca Research
21. For updated information, please visit www.ibef.orgEngineering and Capital goods21
STRATEGIES ADOPTED
Source: Aranca Research, KPMG Report on Engineering sector
Companies are understanding the need of operations management following the crisis period
Good set of operational structure in place helps them target future business opportunities with better
precision
There is emphasis on human resource management, automation and higher labour productivity
Operational efficiency
Most Indian companies are increasing their global footprints
Cheap cost of labour in India is giving them an edge over companies in higher wage economies
Besides targeting the developed economies of Europe and US, Indian companies are currently diversifying in
the developing markets of Africa, South America and the Middle East
Geographical expansion
Many companies are collaborating with institutions for developing skilled manpower for the highly technical
engineering sector.
In June 2017, Schneider Electric signed an MoU with Kalinga Institute of Technology (KIIT) and CV Raman
College of Engineering in Odisha for training students to enhance their engineering skills.
Skill Improvement
In April 2017, the government divested 10 per cent stake in the National Aluminium Company (NALCO) for
the cost of US$ 193.37 million.
PSU Stake Sale
Bigger companies are currently focusing on process improvement and a smaller set of key strategies
ABB has set up global R&D centre in Bengaluru and is also aiming at making India as production hub for
markets worldwide due to its labour cost advantage
Cummins has also opened R&D centre in Pune, for providing designing and technical abilities worldwide
Leveraging Indian
operations
23. For updated information, please visit www.ibef.orgEngineering and Capital goods23
GROWTH DRIVERS FOR THE INDIAN ENGINEERING
SECTOR
Growth
drivers
Demand-side
drivers
InvestmentPolicy
De-licensing
Reduction in tariff and
customs
Supportive government
policies leading to
higher investments
Increasing FDI inflows
Higher M&A
Easy credit facilities for
manufacturing
companies
Capacity addition for
power generation
Increase in
infrastructure spending
Rise in exports which is
touched US$ 65.23
billion during FY17
24. For updated information, please visit www.ibef.orgEngineering and Capital goods24
CAPACITY AUGMENTATION BOOSTS DEMAND ... (1/2)
691
739
777
831
862
937
998
1,002
1,069
1,114
1,143
1,212
0
200
400
600
800
1000
1200
1400
FY07FY08FY09FY10FY11FY12FY13FY14FY15FY16FY17FY18
During FY07-18, India’s energy requirement grew at a CAGR of 5.24
per cent, with the energy requirement reaching to 1,212.13 billion
units in FY18.
India’s share of global energy demand is expected to rise to 9 per
cent by 2035.
Higher demand for energy has led to increasing capacity additions
for power generation that, in turn, boosted demand for power
generation and transmission equipment
Visakhapatnam port traffic (million tonnes)Energy requirement (BU)
CAGR 5.24%
Notes: BU - Billion Unit CEA - Central Electrical Authority
Source: CEA, Ministry of Power Annual Report, Load Generation Balance Report 2014-15, Aranca Research
25. For updated information, please visit www.ibef.orgEngineering and Capital goods25
CAPACITY AUGMENTATION BOOSTS DEMAND ... (2/2)
11.43
14.23
26.25
23.47
25.21
26.35
30.26
21.67
17.17
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Investments to increase capacity have led to rising demand for
power generation and transmission equipment.
Generation capacity has increased by 17.17 MW in FY18.
India added net capacity of 3,680 MW in March 2018.
Visakhapatnam port traffic (million tonnes)Addition in generating capacity (‘000’ MW)
Notes: MW - Mega Watt
Source: Ministry of Power, Annual report, Aranca Research
26. For updated information, please visit www.ibef.orgEngineering and Capital goods26
INFRASTRUCTURE, ONE OF THE KEY DEMAND
DRIVERS FOR MACHINERY... (1/2)
103.8
106.5
111.7
115.1
120.5
125.6
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
FY13 FY14 FY15 FY16 FY17 FY18
The Infrastructure Supporting Industries Index (part of the wider
Index of Industrial Production) comprises 8 core industries: coal,
crude oil, natural gas, petroleum refinery products, fertilisers, steel,
cement and electricity
The index rose to 125.6 in FY18, implying a growth rate of 4.2 per
cent in the year.
L&T Hydrocarbon Engineering bagged a 5 year framework
agreement with Shell Global Solutions International B.V., to provide
procurement, construction management services and engineering
services for latter’s projects in South East Asia, Middle East and
India.
Under the Deen Dayal Upadhyay Gram Jyoti Yojana, ILandFS
Engineering and Construction Company Ltd. secured an order worth
US$ 33.13 million for rural electrification from Jharkhand Bijli Vitran
Nigam for Pakur and Sahibganj, over a period of 2 years.
Visakhapatnam port traffic (million tonnes)Infrastructure Supporting Industries Index
CAGR 3.89%
Source: Office of the Economic Adviser , Aranca Research
27. For updated information, please visit www.ibef.orgEngineering and Capital goods27
INFRASTRUCTURE, ONE OF THE KEY DEMAND
DRIVERS FOR MACHINERY... (2/2)
80.3%
14.2%
4.0%
2.9%
0.0%
Rural and other roads
Major district roads
State highways
National highways
Expressways
Notes: 2017-18* - up to January 2018
Source: National Highway Authority of India, Ministry of Road Transport and Highways, Aranca Research
India has 2nd largest road network (3.3 million km) comprising
expressways, national , state highways, districts and village roads
Demand for related machinery in building roads has increased
significantly due to large-scale public and private investments in
roads.
28,131.67 km of roads have been constructed under Pradhan Mantri
Gram Sadak Yojana (PMJSY) during 2017-18*.
An outlay of Rs 6.92 trillion (US$ 107.64 billion) was approved by the
Government of India in October 2017 to build a road network of
83,677 km over the next five years.
Share in roads network (FY17)
Length of road constructed under PMGSY (in km)
36,336.81
36,450.05
47,443.87
28,131.67
0.00
10,000.00
20,000.00
30,000.00
40,000.00
50,000.00
2014-15 2015-16 2016-17 2017-18*
28. For updated information, please visit www.ibef.orgEngineering and Capital goods28
STRONG POLICY SUPPORT CRUCIAL FOR THE
SECTOR…(1/2)
Source: DHI Annual Report, Ministry of Power Annual Report, Make in India, Aranca Research
The government has eliminated tariff protection on capital goods
It has reduced custom duties on a range of engineering equipment
Tariffs and custom duties
Governmental infrastructure projects such as Golden Quadrilateral and the North-South and East-West
corridors fuelled growth in the engineering sector
Focus on power
generation and
infrastructure
The government approved a significant number of SEZs across the country for the engineering sector
Delhi Mumbai Industrial Corridor (DMIC) is being developed across 7 states; it is expected to bolster the
sector
Special Economic Zones
(SEZs)
Under the Make in India initiative, the central government has approved the policy giving preference to
domestically produced steel and iron products for government procurement in May 2017.
Make in India
The engineering industry has been de-licensed and 100 per cent FDI has been permitted in the sector
Foreign technology agreements are allowed under the automatic route
De-licensing
Notes: GW - Giga Watt
29. For updated information, please visit www.ibef.orgEngineering and Capital goods29
STRONG POLICY SUPPORT CRUCIAL FOR THE
SECTOR…(2/2)
Source: Union Budget FY14, Union Budget 2018-19
A cut in excise duty on chassis for ambulance is being reduced from 24 per cent to 12.5 per cent. Short-term
crop loans to farmers at 7 per cent per annum and additional subvention of 3 per cent for prompt paying
farmers so that they can take tractors.
Cut in excise duty to aid
the auto industry
The government has planned to build 100 smart cities, by allocating US$ 8.29 billion. The plan would need
more PPP’s for better and fast execution.
In February 2017, Government of Tamil Nadu allotted land to 14 companies, for setting up an Aerospace
park in Sriperumbudur, along with establishing an Advanced Computing and Design Engineering Centre, with
an outlay of US$ 52.06 million
Investment on building
Internal and External
Infrastructure in Smart
Cities
Allocation to the defence sector was raised to US$ 40 billion. Make in India policy is being carefully pursued
to achieve self-sufficiency in the defence equipment sector including air-craft.
Higher allocation to the
defence sector
In the Union Budget 2018-19, the government allocated US$ 92.22 billion for the infrastructure sector.
Notes: Capex - Capital Expenditure, JNNURM - Jawaharlal Nehru National Urban Renewal Mission
The government would give 3 years Tax Holiday with a stipulation that this money should be used (the tax
amount that works out for the unit) to invest in the plant, machinery or new land for the expansion of the
current line of business
Tax Holiday For MSMEs
Budgetary support
30. For updated information, please visit www.ibef.orgEngineering and Capital goods30
SPECIAL ECONOMIC ZONES (SEZs) TO PROMOTE
EXPORTS ... (1/3)
Source: SEZ India, Aranca Research
Developer Location Product
Andhra Pradesh Industrial Infrastructure Corporation Limited
(APIIC)
Ranga Reddy, Andhra Pradesh Aerospace and precision engineering
Deccan Infrastructure and Land Holdings Ltd Nalgonda, Andhra Pradesh Light engineering
M/s Essar Hazira SEZ Hazira, Gujarat Engineering
Gujarat Industrial Development Corporation Ltd (GIDC) Gandhinagar, Gujarat Electronic products
N.G. Realty Pvt Ltd Ahmedabad, Gujarat Engineering
M/s Synefra Engineering and Construction Ltd Vadodara, Gujarat High-tech engineering and related products
E. Complex Pvt Ltd Amreli, Gujarat Engineering
Dishman Infrastructure Ltd Ahmedabad, Gujarat Engineering
Ansal Properties and Infrastructure Ltd Sonepat, Haryana Engineering
Raheja Haryana SEZ Developers Pvt Ltd Gurgaon, Haryana Engineering
Ansal Kamdhenu Engineering SEZ Ltd Sonepat, Haryana Engineering
Karnataka Industrial Areas Development Board Shimoga, Karnataka Engineering
Suzlon Infrastructure Ltd Mangalore, Karnataka
Port-based for high-tech engineering
products
31. For updated information, please visit www.ibef.orgEngineering and Capital goods31
SPECIAL ECONOMIC ZONES (SEZs) TO PROMOTE
EXPORTS ... (2/3)
Source: SEZ India, Aranca Research
Developer Location Product
Quest Machining and Manufacturing Pvt Ltd Belgaum, Karnataka Auto, aerospace and industrial engineering
Viraj Profiles Ltd Thane, Maharashtra Stainless steel engineering products
Navi Mumbai SEZ Pvt Ltd Navi Mumbai, Maharashtra Light engineering
Maharashtra Industrial Development Corporation (MIDC) Satara, Maharashtra Engineering
Township Developers India Pvt Ltd Pune, Maharashtra Engineering
Maharashtra Industrial Development Corporation (MIDC) Aurangabad, Maharashtra Engineering and Electronics
Orissa Industrial Infrastructure Development Corporation
(IDCO)
Jajpur, Orissa Metallurgical engineering
Vividha Infrastructure Pvt Ltd Patiala, Punjab Engineering
Mahindra Worldcity (Jaipur) Ltd Jaipur, Rajasthan Light engineering
New Chennai Township Pvt Ltd Kanchipuram, Tamil Nadu Engineering
Perundurai Engineering SEZ by SIPCOT Erode, Tamil Nadu Engineering
Uttar Pradesh State Industrial Development Corporation
(UPSIDC)
Kanpur, Uttar Pradesh Engineering
32. For updated information, please visit www.ibef.orgEngineering and Capital goods32
SPECIAL ECONOMIC ZONES (SEZs) TO PROMOTE
EXPORTS ... (3/3)
Source: SEZ India, Aranca Research
Developer Location Product
Aspen Infrastructures Ltd. Vadodara, Gujarat
High-tech Engineering products and related
Services
Aspen Infrastructures Ltd. Karnataka
High-tech Engineering products and related
Services
Quest SEZ Development Private Ltd. Belgaum District, Karnataka Precision Engineering Product
Khed Economic Infrastructure Limited (Bharat Forge Ltd.) Pune, Maharashtra Engineering and Electronics
State Industries Promotion Corporation of Tamil Nadu Vellore, Tamil Nadu Engineering
State Industries Promotion Corporation of Tamil Nadu Erode, Tamil Nadu Engineering
Aspen Infrastructures Ltd. Coimbatore District, Tamil Nadu
High-tech Engineering products and related
Services
33. For updated information, please visit www.ibef.orgEngineering and Capital goods33
INFLOW OF FOREIGN INVESTMENTS; RISE IN M&A
ACTIVITY ... (1/2)
0.89
1.12
1.47
1.73
1.98
2.53
2.89
3.27
3.39
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18*
Cumulative FDI inflows into the engineering sector increased to US$
3.39 billion in FY18* from US$ 0.89 billion in FY10
The government’s increasing focus on attracting foreign investors in
manufacturing and infrastructure is likely to boost FDI in the sector
In February 2017, the World Bank signed an agreement with the
Government of India, for providing a loan of US$ 201.50 million, for
facilitating development of infrastructure to impart quality engineering
education across various states in India. The loan being a part of the
Technical Education Quality Improvement Project (TEQIP III), is in
the 3rd phase of 15-20 year programme, which begun in 2002
Visakhapatnam port traffic (million tonnes)
Cumulative FDI inflows in engineering sector
(US$ billion)
Note: FY18* - up to December 2017
Source: Department of Industrial Policy and Promotion, Aranca Research
34. For updated information, please visit www.ibef.orgEngineering and Capital goods34
INFLOW OF FOREIGN INVESTMENTS; RISE IN M&A
ACTIVITY ... (2/2)
Acquirer Target Type Acquisition date
Adani Transmission
Reliance Infrastructure (Mumbai Power
business)
Acquistion March 2018
Axiscades Mistral Solutions Acquisition November 2017
ABB Group GE Industrial Solutions Acquisition September 2017
Hero Electronix
Spectrum Integrated Technologies and Lynxemi
Pte Ltd
Acquisition August 2017
Warburg Pincus Tata Technologies Ltd. Minority Stake June 2017
Havells India Lloyd Electricals – consumer durables unit Acquistion February 2017
Birla Corp. Ltd. Reliance Cement Company Pvt. Ltd. Acquisition July 2016
Fairfax India Holdings Corp. and
Fairfax Financial Holdings Ltd.
Bangalore International Airport Ltd. Minority stake March 2016
Royal Enfield Harris Performance company Acquisition March 2016
Balasore Alloys Ltd – Ispat Group Rohit Ferro-Tech Acquisition May 2015
Reliance Infrastructure Pipavav Defence and Offshore Engineering Majority stake March 2015
Systra S.A SAI Consulting Engineers Majority stake December 2014
Tractors India Pvt Ltd Caterpillar Global Mining LLC Acquisition February 2014
Geometric(1) 3Cap Technologies GmbH Acquisition January 2013
Simplex Infrastructures Ltd Joy Mining Services India Pvt Ltd Acquisition May 2012
Larsen and Toubro Ltd Thalest Ltd Acquisition April 2012
Titagarh Wagons Ltd Titagarh Marine Ltd Acquisition March 2013
JBM Cadmium Pvt Ltd Tesco GO Acquisition January 2012
Diamond Power Infrastructure Ltd Utkal Galvanizers Ltd Acquisition April 2011
Yash Birla Group Aircon Engineering Services Majority stake May 2011
M&A deals
Note: Acquired by its German subsidiary - Geometric Europe GmbH
Source: Grant Thornton, Aranca Research, Thomson Banker, VC circle
36. For updated information, please visit www.ibef.orgEngineering and Capital goods36
GROWTH OPPORTUNITIES IN THE ENGINEERING
SECTOR … (1/2)
Source: Aranca Research
India’s nuclear power installed capacity was 6.78GW in April 2018. The country is aiming to increase nuclear
capacity to 14.6 GW by 2024.
It represents business opportunity worth US$ 312 million for the manufacturing industry,
Civil nuclear sector
Global auto majors are rapidly ramping up the value of components they source from India, steered by the
country’s advanced engineering skills, established production lines, a thriving domestic automobile industry
and competitive costs
Industry sales are expected to increase to US$ 50 billion in 2017-18
In auto components sector, 100 per cent FDI is allowed under the automatic route
Auto components
Notes: GW - Giga Watt, SME - Small and Medium Enterprises, CY – Calendar Year
Allocation to the defence sector was raised to US$ 45.57 billion under Union Budget 2018-19. In addition,
Make in India policy is being carefully pursued to achieve greater self-sufficiency in the area of defence
equipment including air-craft.
Government initiatives, such as allowing private sector participation, have been reinforced by opening up the
sector to 100 per cent FDI (49 percent through automatic route), and its offset policy is expected to enhance
private sector (including SME) participation.
Ministry of Defence has eased its procurement norms, making it easier for Indian companies and start-ups to
offer equipment and other products to the Indian armed forces.
Defence
37. For updated information, please visit www.ibef.orgEngineering and Capital goods37
GROWTH OPPORTUNITIES IN THE ENGINEERING
SECTOR … (2/2)
Source: Aranca Research
Note: CKM- Circuit Kilometres
The material handling equipment sector is expected to gain from robust demand from steel, power, mineral
and other infrastructure industries
India’s material handling industry is expected to grow at a CAGR of 10 per cent up to 2020.
Material handling
equipment
Demand for machine tools from the capital goods sector (especially automobile and textile industries) is
projected to remain high
Considering the industry's demand for higher productivity, superior precision and accuracy, as well as low-
cost manufacturing solutions, Computer Numerically Controlled (CNC) machine tools are set to be in greater
demand
Machine tools
T and D expenditure is set to increase on growth in power generation and privatisation of distribution
In FY18, 23,119 ckm of transmission lines have been commissioned. This is 100.14 per cent of the annual
target of 23,086 ckm fixed for 2017-18.
Power Transmission and
Distribution (T and D)
38. For updated information, please visit www.ibef.orgEngineering and Capital goods38
RISING DEMAND FOR ELECTRICAL EQUIPMENT …
(1/2)
Note: T&D - Transmission and Distribution, BTG - Boilers, Turbine, Generator
India’s electrical equipment industry has witnessed significant growth
in the last few years.
Major electrical equipment manufactured include Electric power
equipment and parts, Electric wires and Cables, Boilers and Parts
and Transmission line towers and parts.
India imported electric machinery and equipment worth US$ 8.31
billion during FY18.
15.1
39.9
75.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
FY15
FY17
FY22
T&D equipment demand projection (US$ billion)
6.35
5.49
6.06
6.04
6.32
8.31
0
1
2
3
4
5
6
7
8
9
FY13
FY14
FY15
FY16
FY17
FY18
Imports of electrical machinery and equipment (US$ billion)
Source: Indian Electrical and Electronics Manufacturers Association, Department of Heavy Industries, DGCIS
39. For updated information, please visit www.ibef.orgEngineering and Capital goods39
RISING DEMAND FOR ELECTRICAL EQUIPMENT …
(2/2)
2.2
5.8 11.7
0.6
3.3 6.7
0.5 3.3 6.7
0%
20%
40%
60%
80%
100%
FY15 FY17 FY22
Boilers Turbines Generators
The generation equipment (BTG) segment is projected to grow to
US$ 25 billion by the year FY22
Production of generation equipment (boilers, turbines and
generators) in India is estimated at around US$ 5.7 billion by 2022
Demand for generation equipment is projected to rise to US$ 25.1
billion in FY22 from US$ 3.3 billion in FY15
Exports of electrical machinery grew at a CAGR of 7.00 per cent
during FY10-18 to reach US$ 6.7 billion in FY18.
The electrical equipment industry witnessed a growth of 13.7 per
cent during April 2017-January 2018.
Generation equipment-wise demand projection
(US$ billion)
3.9
4.1
4.7
4.9
4.8
5.3
3.7
4.6
6.7
0
1
2
3
4
5
6
7
8
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
Exports of electrical machinery and equipment (US$ billion)
CAGR 7.00%
Note: BTG - Boiler, Transmission and Generation, FY18* - up to February 2018
Source: Indian Electrical and Electronics Manufacturers Association
40. For updated information, please visit www.ibef.orgEngineering and Capital goods40
GROWTH POTENTIAL IN THE CONSTRUCTION
EQUIPMENT INDUSTRY
India’s Earthmoving and Construction Equipment (ECE) industry has enjoyed strong growth over the last seven years due to rapid economic
development
The organised construction sector in India (for example, roads, urban infrastructure) accounts for approximately 55 per cent of the ECE industry.
Mining, irrigation and other infrastructure segments (power, railways) account for the remaining
Earthmoving sector is continuing to make headways and could command a share of 56.2 per cent, followed by concrete equipment and material
handling equipment
Construction equipment industry recorded sales of 74,990 and 68,000 units of construction equipment in FY18 and FY17 respectively.
Equipment 2015 (Actual Sales) 2016 (Actual Sales) 2017 2021*
Backhoe Loaders 21,192 29,847 32,728 34,000
Crawler Excavators 11,013 16,491 18,500* 30,000
Mobile Compressors 3,542 4,678 4,500* 5,500
Mobile Cranes 4,863 5,492 6,500* 7,000
Compaction Equipment 2,771 3,865 4,765 4,700
Wheeled Loaders 2,097 2,206 2,500* 3,400
Crawler Dozers 391 435 600* 700
Expected unit sales by 2021
Source: NBM and CW
Note: *Forecast
42. For updated information, please visit www.ibef.orgEngineering and Capital goods42
BHEL – MAINSTAY OF THE ELECTRICAL MACHINERY
INDUSTRY ... (1/2)
6.29
7.14
9.38
10.31
9.01
6.56
5.04
3.90
4.21
4.49
0.00
2.00
4.00
6.00
8.00
10.00
12.00
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Visakhapatnam port traffic (million tonnes)Total Income from Operations (US$ billion) One of the largest engineering and manufacturing companies with
‘Maharatna’ status
One of the major Integrated Power Plant Equipment (IPPE)
manufacturers in the world with operations in over 75 countries
The company is profit-making since 1971–72 and has installed base
of more than 124,064 MW.
17 manufacturing units, 2 subsidiaries, 5 joint ventures and over 150
project sites
The company’s total income from operations increased from US$
4.21 billion in 2016-17 to US$ 4.49 billion in 2017-18.
Note: ‘Navratna’ is the title given to nine Public Sector Enterprises (by the Government of India) having distinct comparative advantages
43. For updated information, please visit www.ibef.orgEngineering and Capital goods43
BHEL – MAINSTAY OF THE ELECTRICAL MACHINERY
INDUSTRY ... (2/2)
In May 2017, BHEL commissioned a 270 MW thermal unit in
Maharashtra.
By FY17, cumulative power projects installed worldwide is estimated
to be around 11 GW
BHEL commissioned three supercritical units of 660 MW each in
Uttar Pradesh at the 1980 MW coal-based Lalitpur Super Thermal
Power Project (STPP) in June 2016 and has set a new benchmark in
project commissioning
BHEL was awarded the CBIP Award 2018 for best power equipment
organisation in January 2018.
Key success factors
Boiler
efficiency
Lower design
heat rate
Better PLFLower lifecycle
cost
Lower auxiliary
power
consumption
Source: Company Webiste, Annual Report, News Articles
Note: CBIP - Central Board of Irrigation and Power
45. For updated information, please visit www.ibef.orgEngineering and Capital goods45
INDUSTRY ASSOCIATIONS
Agency Contact Information
National Automotive Testing and R&D Infrastructure Project (NATRiP)
NBCC Place, South Tower,
3rd Floor, Bhishma Pitamah Marg,
Pragati Vihar, Lodhi Road,
New Delhi - 110003
Tel: + 91-11-49215555
Fax: +91-11-24369333
E-mail: team@natrip.in
The Automotive Research Association of India
Survey No 102, Vetal Hill, Off Paud Road,
Kothrud, Pune - 411 038
P.B. No 832, Pune - 411 004
Tel. No: +91-020-30231111
Fax No: +91-020-25434190
Email Id: info@araiindia.com
Fluid Control Research Institute
Kanjikode West,
Palakkad - 678623.
Phone: 91-491-2566120/2566206
Fax: 0491-2566326
E-mail: fcri@fcriindia.com
Engineering Export Promotion Council (EEPC)
‘Vanijya Bhawan’, 1st Floor
International Trade Facilitation Centre
1/1, Wood Street
Kolkata, West Bengal–700016
Phone: 91-33-22890651, 22890652
Fax: 91-33-22890654
E-mail: eepc@eepcindia.org
47. For updated information, please visit www.ibef.orgEngineering and Capital goods47
GLOSSARY
BTG: Boilers, Turbines, Generators
BHEL: Bharat Heavy Electricals Limited
MHI: Mitsubishi heavy industries
DHI: Department of Heavy industries
BHEL: Bharat Heavy Electricals Ltd
ICEMA: Indian Construction Equipment Manufacturer’s Association
HAL: Hindustan Aeronautics Limited
IEEMA: Indian Electrical and Electronics Manufacturers Association
EEPC material handling: Engineering Export Promotion Council
TPD: Tonnes Per Day
NHAI: National Highway Authority of India
MORTH: Ministry of Road Transport and Highways
CEA: Central Electrical Authority
HVDC: High Voltage Direct Current
US$ : US Dollar
FY: Indian Financial Year (April to March)
Wherever applicable, numbers have been rounded off to one decimal
48. For updated information, please visit www.ibef.orgEngineering and Capital goods48
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
49. For updated information, please visit www.ibef.orgEngineering and Capital goods49
DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation
with IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval
of IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.