Industry Snapshot:

The Engineering sector is the largest industrial sector in the country and can be broadly categorised into two segments - heavy engineering and light engineering. The Indian engineering sector continues to grow on account of robust internal consumption, which has encouraged both inbound as well as outbound cross border Mergers &Acquisitions (M&A). The sector, long dominated by heavy engineering, is highly structured and technology driven. This planned infrastructure spending is across all core sectors which directly influence the engineering sector.

Talent Challenges:

India’s rich talent pool of scientists, researchers, and engineers, as well as its large, well-educated English-speaking workforce and democratic regime make it an attractive destination for manufacturers. Indian manufacturing/engineering industry employs over 4 million skilled and semi-skilled workers (direct and indirect). The sector saw a rise in salary of both middle and senior level management because of optimism in the domestic market, major foreign investments, high inflation and Greenfield entrants and brown field expansions.