The Engineering Industry In India Engineering Essay

The Engineering Industry in India is one of the largest and most widely dispersed sector. The sector comprises of heavy technology and visible radiation technology where heavy technology sector includes sub-segments like Manufacturing industry, Cement machinery, Sugar Machinery, Metallurgical Machinery, Machine tool, Material managing equipment, Mining machinery and dairy machinery. The Light technology sector includes sub-segments like Welded steel Pipes and tubings, Process control instrument, antifriction roller bearing and trouble paper duplicator. The technology sector of India employees over 4 million skilled and semi-skilled workers, straight or indirectly.

Heavy Engineering Industry:

Heavy technology industry contributes to 80 % of the entire technology industry in India. In the twelvemonth 2009, heavy technology sector registered a growing of 7.6 % in first eight months ( April – November 2009 ) of the twelvemonth, as compared to 4.1 % in the old corresponding term.

In the sub-segments of heavy technology, growing of fabrication industry has provided a stimulation for the technology sector of India. It has helped Indian makers to take from the broad scope of industrial machinery with advanced fabrication engineering. In 2009, fabricating sector recorded a growing of 7.7 % in the first eight months ( April – November ) as compared to 4.2 % in the last corresponding term. In the same term, capital goods recorded a growing of 7 % , excavation and electricity sector registered 8.3 % and 6.3 % growing severally. Growth tendencies of technology industry in India can be observed from the following table –

Industrial growing indexs

( Growth Rate in per cent )

Item

Weight ( % )

2007-08

2008-09

Apr-Nov

2008-09

Sectorial Growth Rates based on IIP

Overall

100

8.5

2.8

4.1

Mining and Quarrying

10.5

5.1

2.6

3.4

Manufacturing

79.4

9.0

2.8

4.2

Electricity

10.2

6.4

2.8

2.8

Use-Based Categorization

Overall

100

8.5

2.8

4.1

Basic Goods

35.6

7.0

2.6

3.6

Capital Goods

9.3

18.0

7.3

8.4

Intermediate Goods

26.5

9.0

-1.9

-0.7

Consumer Goods

28.7

6.1

4.7

6.8

I ) Durabless

5.4

-1.0

4.5

5.1

II ) Non-durables

23.3

8.6

4.8

7.3

Figure: Showing Industrial growing across assorted sectors.

Beginning: Ministry of Heavy Industries and Public Enterprises, Annual Report 2009 – 10.

The public presentation of the technology industry vastly depends upon the power plans of Government of India ( GOI ) . As per the 11th Five twelvemonth program ( 2007 – 2012 ) , GOI has a mission of ‘Power for All by 2012 ‘ which plans to add 78,577 MW of electricity to the entire power coevals by 2012. This mission of GOI provided a strong base for Heavy electrical equipment makers.

Figure: Screening Entire production in 2008-09 and 2009-10.

Light Engineering Industry:

Light technology industry is one of the largest section and most diversified sectors of the Indian technology industry. It contributes to 20 % of the entire technology industry in India. Since light technology industry being a labour intensive industry, it provides copiousness of employment chances to skilled and semi-skilled workers.

Indian visible radiation technology industry is estimated to be US $ 7 billion industry, which is majorly contributed by strong capital base goods, exports of forgings, fasteners, bearings, steel pipes, tubings, medical instruments etc. In India, light industry histories major importance for the development of the state, as it is the footing of about all hardworking and commercial activities.

Light technology is a diverse industry comprising of assorted sub-segments, like roller bearing industry where car sector accounts 35 % of the entire demand and electricity industry portions 12 % . The industry has about 20 organized sectors engaged in fabricating 500 different types of ball and roller bearings. The Indian ferric casting industry is the 5th largest in the universe. The sector has been de-licensed and therein, is eligible for automatic blessing up to 100 % FDI. Process control instruments industry is de-licensed and therefore is eligible for automatic blessing up to 100 % FDI. Industry has 26 units in organized sector involved in fabrication of procedure control instruments and systems.

The growing and development of the light technology industry depends upon the stairss taken by the authorities, as the constitutions of the new private units will therein lead to the development of the industry. Industry is besides really of import and responsible for the fabrication of assorted concluding merchandises and bettering the life of the people. Thus the Light technology holds huge potency for development of the industry will take to the creative activity of better and developed substructure of the state.

Industry Sections

Number of Players

HEAVY ENGINNERRING

Automotive

617

Heavy Engineering and Machine tools

443

Heavy Electrical

144

LIGHT Technology

High Technology Merchandises

673

Low engineering Merchandises

826

Figure: Sowing Number of participants runing across sections.

Beginning: Centre of Monitoring Indian Economy, January 08, 2010.

Opportunities:

Indian provinces provide great range of chances for the foreign every bit good as for domestic investors. The technology industry attracts investing into fabricating industry, substructure development, electricity generation/transmission equipment, earthmoving machinery, thermic equipment etc. Major provinces which attract investings are Maharashtra, Gujarat and Tamil Nadu.

For keeping the targeted growing rate of 9 % , development of substructure will play a really monolithic function. Infrastructure development is the key to success for accomplishing the targeted growing rate and therefore rush in substructure disbursement is expected to US $ 23 billion by 2009 to 2011. Power industry besides accounts to 41 % of the entire investing.

Another key driver for the growing in this industry is to emerge India as a fabrication hub, as India is the 1 of the most preferable finishs for outsourcing services due to take down labour cost and better technology and planing capablenesss.

The outgrowth of, outsourcing technology services has given a new dimension to the growing of the technology sector in India. Assorted services like new merchandise design, design and care of fabricating systems, which are outsourced to states like India and China has provided a robust base for development of state and the sector. Indian technology sector has huge potency for future growing and development in sub-segments like automotive industry, fabrication industry which will germinate as great market for industrial goods and will besides bring forth pool of proficient human resource.

Contact Information:

Shri Praful Patel

Minister, Ministry of Heavy Industries and Public Enterprises

Telephone: +911123063598

Mailing Address: 155, Udyog Bhavan

New Delhi – 110011

Web site: www.dhi.nic.in

Shri A. Sai Prathap

Minister of State, Ministry of Heavy Industries and Public Enterprises

Telephone: +911123061149

Mailing Address: 176, Udyog Bhavan

New Delhi – 110011

Web site: www.dhi.nic.in