The Indian engineering sector comprises the heavy and light engineering segments. Electrical machinery forms a sub-segment of the heavy engineering segment. In India, this sector primarily caters to the power sector. The National Electricity Policy (NEP) stipulates 'power for all' and annual per capita consumption of electricity to rise to 1,000 units by 2012.
A capacity addition of 78,700 MW has been proposed for the Eleventh Five Year Plan (2007–2012), translating to a higher demand for electrical machinery. Significant investment in capacity addition across segments is planned to achieve the target of 'power for all' by 2012. Total investment envisaged is US$ 164.1 billion (INR 7,879 billion) by 2012.
Well-established players such as Bharat Heavy Electricals Ltd, (BHEL), Crompton Greaves and ABB (India) Ltd, are engaged in designing, manufacturing and marketing high-technology electrical products and services. India has a high number of Special Economic Zones (SEZs) in the engineering sector. There are 23 formally approved, nine in-principle approved, and 16 notified SEZs.
Electrical machinery exports from India grew by 16.1 per cent between 2006–07 and 2007–08.Sectoral Presentation (April 2010)
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