Being one of the largest sectors in India, the engineering sector can be broadly categorised into two parts, namely, heavy engineering and light engineering. India’s engineering industry accounts for 27 per cent of the total factories in the industrial sector, representing 63 per cent of the overall foreign collaborations. The total merchandise exports also comprise a large contribution from the engineering sector. Capacity creation in infrastructure, power, mining, oil and gas, refinery, steel and consumer durables are driving demand in the engineering sector. The sector bears a comparative advantage in terms of manufacturing costs, market knowledge, technology and creativity.
To read the entire article, you must be a DSIJ magazine subscriber.
Current print subscribers click here to login
Subscribe now to get DSIJ All Access