Investment Opportunities: At present the future of this sector is very bright as there aretotal  7 Projects  4 Govt. & 3 private projects ongoing in  seven Districts running with a greater speed with total 73 nos  modes of  implementation like PPP,EPC,Turnkey & others worth $63.96mn investment opportunity  with mainly Power Equipments manufacturing plants,Machine tools etc. The Industry provides approximately 8.4 million Jobs across India. Under the Scheme that aims to make Indian Goods Sector globally completive by addressing the issues pertaining to Technological Depth Creation in the capital goods and creating Common Industrial Facility Center, the Ministry of Heavy Industries and public Enterprises have approved four proposals. 

The approved proposals are – (1) Development of Hi-Tech Shuttle less loom by Central Manufacturing Technology Institute  (2) Development of 11 Machine Tools Technology by Indian Institute of Technology, Madras, (3) Development of 3 welding technologies by PSG College of Technology, Coimbatore and (4) Development of Smart submersible pumps by Scientific and Industrial Testing and Research Centre, Coimbatore.

New initiatives

The Indian Government has initiated several critical strategies in the last year which open up new avenues for the Capital Goods sector.

Make in India for taking the share of manufacturing to 25 per cent of GDP and creating millions of new jobs to cater to the large number of youth entering the workforce;

100 Smart Cities for urban redevelopment and creation of world-class new urban agglomerations to absorb rising city population;

Swachh Bharat for a new approach to preventive public health, including by changing toilet habits, improving waste management and curbing pollution;

Clean Energy, a campaign for increasing renewable energy power capacity by 2020;

Clean Ganga for spreading intelligent water management and upgrading cities alongside the major rivers of India;

Digital India, a campaign that converges universal access to digital resources;

Housing-for-all that aims to build 20 million urban dwellings and 40 million rural dwellings in the next eight years; and

Skill India mission, an initiative to raise the skill penetration of the country.

Opportunities for EU companies

Under the ‘Make in India’ initiative, the Government aims to attract foreign capital into industrial corridors and hubs for manufacturing projects. For this, a number of policies have been taken to improve the business climate, strengthen the infrastructure for Intellectual Property Rights, and raise permissible limits for FDI. With the growth of the Indian economy expected to cross 7 per cent for the coming couple of years, as well as strong policy action, India emerges as a profitable investment destination for EU companies