Exports and imports

Engineering Goods

Engineering is by far the largest segment in Indian industry. It employs approximately 4 million skilled and semiskilled workers. The engineering sector has witnessed tremendous growth, powered by significant investments in power projects and infrastructure development.

Exports Going Strong

  • Indian engineering exports rose from US$ 33.7 billion in 2007-08 to US$ 56.7 billion in 2012-13, posting a growth of around 11 per cent
  • About 33 per cent of exports are headed to the EU and North America
  • The UK imported Indian engineering goods worth US$ 2.3 billion in 2012-13, posting a growth of around 6 per cent over 2011-12
  • South Africa imported engineering goods worth US$ 1.6 billion from India in 2012-13, representing a significant growth of 29.5 per cent over 2011-12
  • Indian engineering exports to Saudi Arabia, Thailand, the Netherlands, Malaysia, Bangladesh and Egypt have also seen significant rise during the period 2011-12 to 2012-13
  • A key driver for increased engineering exports has been the shifting of global manufacturing bases to countries such as India that offer lower costs and good engineering aptitude
  • The nature of Indian engineering exports is changing with time—India is fast moving from exporting low-value goods to developing countries to exporting high-value goods to developed countries
  • New opportunities, such as outsourcing of engineering goods and services, new product design, product improvement, and maintenance and designing of manufacturing systems, are providing fresh growth avenues
  • With development in associated sectors such as automotive, industrial goods and infrastructure, coupled with a well-developed technical human resources pool, engineering exports are expected to touch US$ 120 billion by 2015