Engineering Industry in India

Engineering goods exports constituted more than 27% share of India's total export basket between April-December 2021.

Advantage India

Robust
Demand

* Capacity creation in sectors such as infrastructure, power, mining, oil and gas, refinery, steel, automotive, and consumer durables is driving demand in the engineering sector.

* Rising demand for electrical and construction equipment.

Attractive
Opportunities

* In 2019, the government announced investment of Rs. 100 lakh crore (US$ 1.5 trillion) in infrastructure development over the next five years.

* The government has proposed to grant Rs. 10 million (US$ 125,197) to MSMEs within just 59 minutes through the online portal.

Policy
support

* De-licensed engineering sector; 100% FDI permitted.

* According to Crisil, the government's push towards better infrastructure, increased budgetary allocation and economic recovery will boost revenue of engineering and capital goods companies by 15% in FY22.

* In the Union Budget 22-23, the government gave a massive push to the infrastructure sector by allocating Rs. 199,107 crore (US$ 26.52 billion) to enhance the transport infrastructure.

Higher
Investments

* India’s comparative advantage vis-a-vis peers in terms of manufacturing cost, market knowledge, technology and creativity is leading to higher investment.

* Highly organised sector - dominated by large players employing over 4 million skilled and semi-skilled labour.

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Last updated: Jan, 2023

Larsen and Toubro (L&T)

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - hydrocarbon, infrastructure, power, process industries and defence - for customers in over 30 countries around the world.

Company Website: http://www.larsentoubro.com/

Bharat Heavy Electricals Limited (BHEL)

Established in 1964, Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy and infrastructure sector with the capability to manufacture the entire range of power plant equipment. The company caters to core sectors like power generation, transmission, industry, transportation, renewable energy, oil & gas, water, defence and aerospace and e-mobility and energy storage solutions and has references in 83 countries across the globe. BHEL’s mammoth size of operations is evident from its widespread network of 16 manufacturing units, two repair units, four regional offices, eight service centres, one subsidiary, three overseas offices, five joint ventures, 15 regional marketing centres and more than 150 project sites across India and abroad.

Company Website: http://www.bhel.com/

Havells

Havells India Limited is a leading Fast-Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. The company enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.

Company Website: https://sail.co.in/