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Engineering Industry in India

  • ID: 54546
  • Report
  • March 2004
  • Region: India
  • 10 pages
  • PSi Inc
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The engineering industry is the largest segment of the overall Indian industry.
The engineering industry can be divided into electrical and non-electrical
segments. The electrical segment depends upon the investments in power
industry, while the prospects of the non-electrical segment are driven by
industrial investment.

Engineering equipment finds demand in sectors like cement, steel, power,
chemicals and petrochemicals, all of which have been adversely affected by the
general slowdown in the Indian economy in the past. Indian manufacturers are
capable of catering to most of the customer’s needs. There may be a supply
constraint in some cases. For example, India has an installed capacity of 7000
MW in turbines. Some Indian manufacturers like BHEL and Larsen & Toubro
have made a mark in the international markets, while some of the Indian arms of multinationals are a global base for outsourcing products and services
including R&D.

Along with its inability to be globally competitive in the past, the Indian
engineering industry has also suffered from poor demand. The slowdown may
just be over and the fortune of the Indian engineering industry is likely to look up.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown