The Indian Engineering sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors, is of strategic importance to India’s economy. The capital goods & engineering turnover in India is expected to reach US$ 125.4 billion by FY17.
Manufacturing sector is expected to be a US$ 1 trillion by 2025. Indian manufacturing sector is often referred to as one of the key contributors to the Indian economy. Manufacturing sector growth depends on the organizational investment plans. Indian manufacturing sector has made significant progress last year, owing to rapid pace of globalization. Currently the sector contributes to around 30% of the total GDP.