The SWOT analysis of the Indian engineering sector identifies its strengths as being the largest sector in India with excellent technology advancement and abundant human resources. Opportunities for growth exist in exports to neighboring countries and as an outsourcing destination for global companies. Weaknesses include long product development cycles and a lack of training and professionalism, while threats come from exposure to global market fluctuations, recession, and competition from Chinese companies.
1. SWOT Analysis of Indian Engineering sector
Strengths:
1. Engineering is the largest sector in India.
2. Demand driven industry
3. It is a vast sector that ranges from mini projects to
large collaborations
4. Excellent advancement in technologies
5. Availability of abundant human resources
6. Geographically situated at ideal locations
Opportunities
1. Growing channel of exports in the neighbouring countries.
2. A huge potential for direct exports in the neighbouring countries.
3. Industries in India is being looked upon as an outsourcing destination by global companies.
4. The future for engineering sector is very promising.
Power projects, other infrastructure development activities, industrial growth and favourable policy
regulations will drive growth in industries.
2. What is bad about Engineering Sector
Weaknesses/ Limitations:
1. Large product development cycle
2. Unprofessional working style
3. Inadequate level of training of employees
4. Lack of professionalism at top management
5. Unorganised vendor base
Threats:
1. Exposure to global markets
2. Fluctuating raw material prices
3. Recession leading to delays/cancellations of projects
4. Threat of Chinese player because of their high technology