Make in India - Capital Goods

 

The Capital Goods industry in India has a market size of $43.2 billion. The industry contributes to a 12% share in the manufacturing sector, and 1.9% to the country’s GDP. In the last decade, the capital good sector grew at a rate of 2%, compared with the average GDP growth rate of 7%. 

During FY18-19, heavy electrical equipment dominated the capital goods sector with 56% of the total production of the industry. The industry also has a significant presence in the electrical and power plant equipment sector with about 69% of the output. The Transmission & Distribution Sector accounts for 40% share in the Capital Goods Industry. Incumbents invest about $2.5 billion a year, representing 19% of value added, around half the broader-economy average of 36%. The growth of India’s capital goods sector has been sluggish in the recent past at around 2.7% in 2018-19. Between 2010 and 2015, it grew at a modest rate of 2%, compared with the GDP growth rate of 7%.

The Central government plans to spend $459.7 million to implement various programs under the 

National Capital Goods Policy. By 2022, the Electrical equipment industry, comprising generation and T&D equipment, is targeted to reach a size of $100 billion and the T&D equipment segment is targeted to reach a size of $75 billion.

The links to the technology platform are as follows:

1.http://technovuus.araiindia.com 

(Automotive and mobility)

 2. www.aspire.icat.in

(Automotive Sector)

3. http://kite.iitm.ac.in. 

(Smart manufacturing, robotics, machine tools, automation)

4. http://www.drishti.cmti.res.in 

(Machine Tools)

5.https://sanrachna.bhel.in

 (Heavy Electrical Equipment)

6.https://techport.hmtmachinetools.com

Pl do visit the Technology Platform portals , register and share with your colleagues, engineers and experts to join the network. Thank you

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Ms. Sukriti Likhi  Addl. Secretary, Department of Heavy Industry

Very good participation

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