Engineering Sector in India

Engineering| ] | ? | Engineering is a diverse industry with a number of segments. A company from this heavens merchant ship be a power equipment manufacturer (like transformers and boilers), execution specialist or a niche player (like providing environment friendly solutions). It can be an electrical, non-electrical machinery and static equipment manufacturer too. | ? | Order oblige surface determines the performance of the company in the short to medium-term. In hallow to bag large-minded contracts, companies remove to have a big balance sheet size and proven execution capabilities. They need massive working capital in order to lead bigger contracts, as initially they receive only decompose payment and the remaining comes as projects ride executed. | ? | Tariffs that earlier offered breastplate to Indian capital goods manufacturers, have been removed. Import duties on a range of equipments have also been reduced. This coupled with the high exist of capital in India puts Indian manufacturers at a prejudice against overseas competition. | ? | Power sector contributes the largest to the engineering science companies revenues. For instance, ABB and BHEL derive 60% and 75% of their revenues from supplying equipments to the power sector.

And with the government planning to ply large-scale generation capacities in the eleventh (2007-12) five-year plan, the potential seems huge for the engineering majors. This is because, apart from the investment in generation ability buildup, an equivalent amount is likely to be spent in the transmission and distribution space as well. | ? | Infrastructure is another(prenominal) key area of operation for major Indian engineering companies. L& vitamin A;Ts order book at the end of FY09, for example, contained around 41% of orders from the infrastructure sector which includes activities like engineering, design and construction of industrial projects and social & physical projects like housing, hospitals, IT parks, expressways, bridges, ports, and water &... If you want to get a full essay, order it on our website: Orderessay

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