Engineering and Manufacturing
Industry Overview
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 of the economy, is of strategic importance to India’s economy. Growth in the sector is driven by various sub-sectors such as infrastructure, power, steel, automotives, oil and gas, consumer durables etc.
India on its quest to become a global superpower has made significant strides towards the development of its engineering sector. India exports transport equipment, capital goods, other machinery/equipment and light engineering products such as castings, forgings and fasteners to various countries of the world.
Driven by strong demand for engineering & capital goods, exports from India registered a double digit growth. This growth can be credited to the robust expansion in shipments of aircraft, spacecraft parts and automobiles.
With launch of the ‘Make in India’ initiative, the Indian government aims to give global recognition to the Indian economy and also place India on the world map as a manufacturing hub. India has also set for itself an ambitious target of increasing the contribution of manufacturing output to 25 per cent of gross domestic product (GDP) by 2025, from 16 per cent currently.
India's economy is expected to grow at 7 – 8 % over the next few years, making India amongst the fastest growing major economy in the world.
Business conditions in the Indian manufacturing sector continued to improve, it is expected that India’s manufacturing sector could touch US$ 1 trillion by 2025. It is expected that there is potential for the sector to account for 25-30 per cent of the country’s GDP and create up to 90 million domestic jobs by 2025.
The Government of India has an ambitious plan to locally manufacture as many as 181 products, including the defense equipments. The move could help infrastructure sectors such as power, oil and gas, and automobile manufacturing that require large capital expenditure and revive the US$ 30 billion - Indian capital goods business.
India is emerging as an attractive hub for foreign investments in manufacturing sector. With impetus on developing industrial corridors and smart cities, the government is making all attempts to put this segment into high growth orbit. The corridors would further assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote advance practices in manufacturing.
Right Step Consultancy is a leading engineering recruitment agencies.We have been helping our clients by providing manpower recruitment services which helps in building their businesses.
Our Engineering and Manufacturing Recruitment consultants help its clients achieve substantial, positive, and sustainable impact in their performance by helping them in Recruitment of the best available talent. The practice serves clients across the industry vertical, including :
- Automotive
- Building & Construction Material
- Capital Goods / Industrial Products
- Chemicals & Process Industries
- Construction & Mining Equipment
- Steel & Metals
- Semiconductor & Electronic Manufacturing Services (EMS)
Our Engineeing head hunters team specialises in areas like mechanical, electrical, civil, structural and chemical engineering, as well as the end-to-end manufacturing process.
Recent Searches in Engineering and Manufacturing
Plant Head – A European Multinational Company into the sector
Head of Finance - A 1000 Cr plus Indian Company into the sector
Head of Taxation - A 1000 Cr plus Indian Company into the sector
Head of Sales - Leading company (amongst Industry Top 10)
Head of HR – Leading company (amongst Industry Top 10)
Head of Exports - Leading company (amongst Industry Top 10)
