Despite the effects of Globalization, the industrial space is still quite fragmented and although the larger industry players are becoming more and more global, the vast majority of business is still done by local or national SMEs, often under local building regulations and standards. The engineering sector forms the largest segment of the overall Indian industrial sector and accounts for 12 per cent of India’s GDP. Indian service providers have invested considerably in increasing their global footprint to provide services to geographically distributed customers.
The automotive components industry on the other hand has actively and quickly transformed from a domestic market supplier, to one of the essential auto parts supplier in the world. It has been growing at 20 per cent a year since 2000 and is projected to maintain the high-growth phase of 15-20 per cent till 2015. The Oil & Gas industry too has been growing steadily providing 11.2 per cent of the total supply in the Asia Pacific region, according to the BMI India Oil & Gas Report for third-quarter 2011.
India enjoys a cost-advantage in casting and forging, as manufacturing costs in India are 25-30 per cent lower than western countries making it a more attractive destination for global players and thereby increasing the requirement of a specialized taskforce to keep up with the increasing demand.
Scope of Practice:
- Automotive and Components
- Energy and CleanTech
- Real Estate and Infrastructure
- Machinery and Engineering
- Transportation and Logistics
- Chemical and Process
- Mining and Metals