Engineering

India's engineering sector is the largest of the country's industrial sectors. It accounts for 27% of all factories in the industrial sector and 63% of all international partnerships. Heavy engineering and light engineering are the two primary divisions of India's engineering industry.

In recent years, increased investment in infrastructure and industrial output has propelled India's engineering sector to new heights.

Reasons for Investing

India's engineering exports are primarily to the United States and Europe, accounting for more than 60% of overall exports.
With foreign players on the lookout for expansion prospects in the Indian engineering sector, 100% FDI is available through the automatic method.
The robust growth of other capacity creator industries like power, oil & gas, and automotive sectors are driving the demand for engineering and related training.
The government's voluntary Vehicle-Fleet Modernisation Program (VVMP) for scrapping outdated vehicles is slated to bring an investment worth 1.35 billion USD.

Industry Growth Factors

Highly organized sector employing over 4 million direct and indirect workers
MSME to receive a financial grant of up to 10 million INR within 59 minutes of application through an online portal
Upskilled market knowledge, manufacturing cost, technology and creativity offer a competitive advantage drawing more investors
Rapid momentum in sectors like the Indian telecom equipment market, large-scale electronics manufacturing, and defense research and development, etc
The government is planning to set up Automated Testing Stations (ATS) and Registered Vehicle Scrapping Facilities under Vehicle Scrapping Policy bringing investments worth US$ 1.35 billion.
With the growing population, there's rising demand for electrical and construction equipment
Export value of Indian engineering goods projected at US$ 63 billion

What we can do for you?

Step 1

Business Registration

Choose a suitable business structure
Register your business with the Ministry of Corporate Affairs (MCA).
Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN).

Step 2

Compliance and Licensing

• Apply for necessary licenses and permits based on your consultancy services (e.g., GST registration, Professional Tax registration).
• Ensure compliance with local, state, and national regulations.
• Set up a business bank account and maintain proper financial records.

Step 3

Operational Setup

Establish a physical or virtual office space.
Hire skilled professionals and build a competent team.
Develop a marketing strategy to attract clients and grow your business.

Would you like more detailed information on any of these steps?

Have any questions?

info@teamindiaglobal.com

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