Engineering is one of the biggest segments of Indian industries. Indian engineering exports denote a growth of over 24%. Moreover, with emerging sectors like automotive, industrial goods and infrastructure, including a skilled technical personnel pool, engineering exports are poised to grow at a rate of 15% to 20% over following years. The most of Indian engineering exports destinations are Europe and North America that account for approx. 45% of the total exports.

Factors contributing to the growth of this sector:

• The average labor and production cost is significantly lower than other countries.
• There are ample raw material resources to meet the demand for engineering inputs.
• Many industries such as machine tools, automobile components, light engineering have a global capability and are competitive at the global level.
• Political and economic stability.

Export Performance of Principal Commodities In Light engineering (FY17)

1. Auto and auto components including aircraft and ships- 32.46%.
2. Industrial Machinery including electrical machinery- 23.85%
3. Iron and steel and products made of iron and steel- 22.44%
4. Non-ferrous metals and products made of non-ferrous metals– 11.25%
5. other- 10%