Aarvi Encon Limited Financial Overview
22 Engineering Services to Drive the Growth
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aarvi.
Investments in India's oil and gas sector is likely to touch Rs 2.5-3 trillion (US$ 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.
Indian Oil Corporation (IOC) Indian Oil Corporation (IOC) plans to invest around Rs 40,000 crore (US$ 5.9 billion), ONGC to
invest Rs 78,000 cr and ESSAR projects,
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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. Spending on engineering services is projected to increase to US$ 1.1 trillion by
2020.
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India needs Rs 31 trillion (US$ 454.83 billion) to be spent on infrastructure development over the next five years, with 70 per
cent of funds needed for power, roads and urban infrastructure segments.
Government targets Rs 25 trillion (US$ 376.53 billion) investment in infrastructure over a period of three years, which will
include Rs 8 trillion (US$ 120.49 billion) for developing 27 industrial clusters.
India's manufacturing sector has the potential to touch US$ 1 trillion by 2025. There is potential for the sector to account for
25-30 per cent 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