Posted on 27th April, 2017
TThe Indian Engineering sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors, is of strategic importance to India’s economy.
India on its quest to become a global superpower has made significant strides towards the development of its engineering sector. The Government of India has promotion of engineering goods, products and services from India. India exports transport equipment on surface & Power Generation equipments, capital goods, other machinery/equipment and engineering products such as structural parts fabrication & assembly, castings, forgings to various countries of the globe.
The capital goods & engineering turnover in India is expected to reach US$ 125.4 billion by FY17-18
India exports its engineering goods mostly to the US and Europe, which accounts for over 60 per cent of the total exports.
The engineering sector in India attracts immense interest from foreign players as it enjoys a comparative advantage in terms of manufacturing costs, technology and innovation. The above, coupled with favorable regulatory policies and growth in the manufacturing sector has enabled several foreign players to invest in India.
Premier is in the business of heavy engineering for Wind Energy Sector, infrastructure, Metro rail components. Premier Engineering Division have the state of the art in-house facilities developed over the years to provide one stop solution in terms of fabrication, machining, metalizing and painting to cater to the needs of various diversified customers for domestic & overseas.
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