Engineering Services to Drive Growth
22 Engineering Services to Drive the Growth
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Investments in India's oil and gas sector is likely to touch INR 2.5-3 trillion (USD 37.5-45 Billion) over the next few years, which will help raise
the share of gas in the country's primary energy mix to 15% by 2030, as per British multinational oil and gas company BP Group.
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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 engineering sector is a growing market. The export of engineering goods is expected to reach USD 200 Billion by 2030.
India needs INR 31 trillion (USD 454.83 Billion) to be spent on infrastructure development over the next five years, with 70% of funds needed
for power, roads and urban infrastructure segments.
Government targets INR 25 Trillion (USD 376.53 Billion) Investment in infrastructure over a period of three years, which will include INR 8
trillion (USD 120.49 Billion) for developing 27 industrial clusters.
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India's manufacturing sector has the potential to touch USD 1 trillion by 2025. There is potential for the sector to account for 25-30% of the
country's GDP and create up to 90 Million domestic jobs by 2025. Business conditions in the Indian manufacturing sector continue to remain
positive.View entire presentation