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Contents 1. Executive Summary ................................................................................................4 2. Overall Assessment of Capital Goods & Engineering Sector ..................................19 3. Sub-Sector Specific Issues………………………………………………………………27 4. Sector Wise Assessment ........................................................................................28 5. Policy Recommendations for Universal Issues .......................................................58 6. Skill Development Support …………..………………………………………………….62 7. Policy Recommendations for Issues Common across Capital Goods Sector .........69 8. Sector Specific Policy Recommendations ...............................................................89 9. Budget Implications sub-sector wise .......................................................................97 10.Appendix .................................................................................................................105 11. Annexure ………………………………………………………………………………..115 CAPITAL GOODS AND ENGINEERING SECTOR OCTOBER 2011
Recommendations for 12 th Five Year Plan for Capital Goods & Engineering Sector 4 Executive Summary 1. Planning Commission constituted a Working Group on Capital Goods and Engineering Sector for the 12 th Five Year Plan (2012-2017) under the Chairmanship of Secretary, Department of Heavy Industry. The Terms of Reference and Composition are given in the Appendix. Seven sector-wise, subgroups, namely, machine tools & plastic processing machinery, earth moving and mining equipment, heavy electrical and power plant equipment, metallurgical machinery, textile machinery, process plant equipment, engineering goods and dies, molds & tool industry were constituted. The methodology consisted of inviting information/suggestions from all the stake holders, such as industry associations, centres of excellence and major PSUs etc. The inputs were deliberated in-depth at various fora, before finalizing the report. 2. Five key objectives identified for the 12 th Five Year Manufacturing Plan. a. Increase manufacturing sector growth to ~ 2-4% more than GDP growth to make it the engine of growth for the economy and increase its share to ~ 25% of overall GDP by 2025. b. Increase the rate of job creation in manufacturing sector to create ~100 million additional jobs by 2025. c. Increase “depth” in manufacturing, with focus on the level of domestic value addition. d. Enhance global competitiveness of Indian manufacturing through appropriate policy support. e. Ensure sustainability of growth, particularly with regard to the environment. 3. In order to synchronize recommendations of this working group with the overall plan objectives, the following strategies are proposed through a set of recommendations contained in the report. a. The industry growth during 11th Plan stood is at 14%. The turnover during 2010-11 was Rs 2,67,944 crore. There is a need for rapid growth of the sector, for which it is proposed to initiate some national programmes. These in turn will create additional demand. It is also proposed to take steps to substitute imports by domestic production. This is expected to take the sector to Rs 6,81,000 crores in 2016-17 at a CAGR of 16.8%. c.b. The current employment of 1.4 million is proposed to be boosted through a series of recommendations to reach 2.8 million by the end of the 12th Five Year Plan. d.c. In order to increase technology content in the domestic production, policy and programme initiatives are proposed for R&D, education and training, technology development, technology purchase, technology development abroad on contract, technology acquisition, IPR purchase and ownership, joint technology development and funding for technology upgradation. e.d. Some sub-sectors of capital goods in Indian manufacturing sector are not the global standards. It is proposed to provide exposure, facilitation, technology CAPITAL GOODS AND ENGINEERING SECTOR OCTOBER, 2011
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