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Engineering
The engineering sector is the largest segment of the overall India industrial sector. India has a strong engineering and capital goods base. The important groups within the engineering industry include machinery & instruments, primary and semi finished iron & steel, steel bars & rods, non-ferrous metals, electronic goods and project exports. The engineering sector employs over 4 million skilled and semi-skilled workers (direct and indirect)
The sector can be categorised into heavy engineering and light engineering segments. Heavy engineering segment forms the majority of the engineering sector in India. In the year 2003-04, out of the total engineering production of US$ 22 billion, the heavy engineering market contributed over 80 percent with the light engineering segment accounting for the remaining.
India has a well-developed and diversified industrial machinery/capital base capable of manufacturing the entire range of industrial machinery. The industy has also managed to successfully develop advanced manufacturing technology over the years. Among the developing countries. India is a major exporter of heavy and light engineering goods, producing a wide range of items. The bulk of capital goods required for power projects, fertiliser, cement, steel and petrochemical plants and mining equipment are made in India. The country also makes construction machinery, equipment for irrigation projects, diesel engines, tractors, transport vehicles, cotton textile and sugar mill machinery.
Why to opt it as a career option?
It's raining orders in engineering, construction - With the sustained growth in infrastructure, engineering and construction companies continue to see a significant growth in their order books.
The order book position of the 10 large companies in the sector has gone up by over 50% year-on-year for the quarter ending June '06. Excluding Bhel, which was already operating with an order book close to three years sales last year, the increase is 71%. The aggregate order book position for the companies now stands at more than Rs. 1,10,000 crore.
Outsourcing in engineering US$ 40 billion opportunity - Off shoring of engineering services is estimated to be a US$ 40 billion opportunity for the Indian Software services sector by 2020.
According to a report prepared by Nasscom and Booz Allen Hamilton, globalisation of engineering services will be the next growth frontier for India and this is expected to create 2.5 lack jobs in India. As per the report, India enjoys a relatively strong position in the automatic and high-tech/telecom engineering services market with $25 billion opportunity by 2020.
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