Department of Heavy Industry Ministry of Heavy Industries & Public ...
Department of Heavy Industry Ministry of Heavy Industries & Public ...
Department of Heavy Industry Ministry of Heavy Industries & Public ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Recommendations for 12 th Five Year Plan for Capital Goods & Engineering Sector 41<br />
6.4.24.4.2 12 th Plan Target<br />
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 CAGR<br />
Market Size<br />
(Rs Cr)<br />
Production<br />
(Rs Cr)<br />
Import<br />
(Rs Cr)<br />
Export<br />
(Rs Cr)<br />
Employment<br />
(No. <strong>of</strong><br />
people)<br />
140680 163479 190192 221532 258350 301662 16.4%<br />
126312 145421 167521 193097 222719 257050 15.2%<br />
39478 49057 60961 75753 94135 116977 24.2%<br />
25110 30999 38290 47319 58504 72365 23.5%<br />
750,000<br />
6.4.2.14.4.2.1 Target size and growth rate<br />
The domestic market is expected to grow at a CAGR <strong>of</strong> 16.4% to Rs<br />
301,662 Crore in 2016-17. Production is expected to grow at a CAGR<br />
15.2% to Rs 257,050 Crore by 2016-17.<br />
6.4.2.24.4.2.2 Target employment levels<br />
The industry is expected to directly employ 750, 000 people at the<br />
end <strong>of</strong> 12th five year plan.<br />
6.4.2.34.4.2.3 Target technologies to be developed<br />
Advanced ultra super critical technology<br />
Maturity in super critical technology intending to provide self<br />
sufficiency in domestic capabilities<br />
Development <strong>of</strong> higher capacity nuclear power equipment up to<br />
1000 MW<br />
Development <strong>of</strong> ultra high voltage transmission equipments &<br />
systems.<br />
Development <strong>of</strong> Energy efficient technologies like IGCC, UGCC<br />
, Concentrated Solar Thermal Project.<br />
6.4.34.4.3 Issues<br />
Competitiveness <strong>of</strong> Indian <strong>Industry</strong> vis-à-vis Chinese<br />
Manufacturers: Price differential between domestic companies and<br />
Chinese manufacturers are mainly due to disadvantages faced by<br />
domestic <strong>Industry</strong>, as well as subsidies/ incentives provided to the<br />
Chinese manufacturers by its Government.<br />
Testing facilities in the country: There is lack <strong>of</strong> required testing<br />
capabilities in terms <strong>of</strong> the bandwidth <strong>of</strong> the test facilities available in<br />
the country. Also, there is a lack <strong>of</strong> adequate capacity <strong>of</strong> testing<br />
facilities.<br />
Availability <strong>of</strong> Raw materials: Constrained availability <strong>of</strong> certain<br />
critical raw materials such as CRGO/ CRNGO Steel, Amorphous Steel<br />
etc. and volatility in raw material prices is hurting domestic industry<br />
CAPITAL GOODS AND ENGINEERING SECTOR OCTOBER, 2011
Change language